Export collections

If you're sending goods to a buyer, you can ask us to send documents proving that you've shipped the goods to the buyer's bank, and ask the buyer's bank to collect payment for you.

Key features and benefits

  • You can be more confident that you'll be paid for the goods you're sending.

  • Your buyer will know that the goods are on their way to the correct port.

  • Lower cost than an export letter of credit.

  • You retain control over shipping documents until you receive payment, or a promise of payment.

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How it works

  • Documents

    You pass us shipping documents proving that you’ve shipped the goods. We forward these documents, along with your payment instructions, to the buyer’s bank overseas. These documents are only released to the buyer when your payment terms and conditions are met.

  • At the buyer's end

    The shipping documents are only released to the buyer when your payment terms and conditions are met. You can specify you want payment “at sight” which is immediately, or “term” which is when you agree to take payment at a specified later date. Once you’ve released the shipping documents to the buyer, they can then use them to collect their goods from the port.

Talk to us

To find out more about export collections and for pricing information, get in touch with our business banking team.

Find a business banking specialist

Find a business banking specialist in your area. Request a call back, or call them directly.

Find a business banker

Call us

Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas. Mon – Fri: 8am – 5pm.