RNR Trade Corporation Company Limited

Export Documentary Collection means the processing, in compliance with written orders, of export documents obtained by the exporter and sent to the foreign purchaser's bank in order to obtain payment from the purchaser upon delivery of the documents or at the predefined maturity of the documents.  RNR Trade Corporation Company Limited (RNR) consults with documentary collections to the traders. What is Export Documentary Collection ? 1. The exporter ships the products to the purchaser and delivers the documentation concerning the goods and their shipping to the bank, such as the Commercial Invoice, Bill of Lading, Freight Insurance, etc., followed by instructions for collection. The exporter shall indicate in the Collection Instruction the complete details of the international buyer (the Drawee), the buyer's bank (the Collecting Bank), the brief description and the value of the products exported, the complete description and the value of t