Import Bill for Collection (B/C) is a payment tool whereby an exporter (seller) overseas agrees to forward export documents to an importer (buyer) via an importer’s bank once the goods have been shipped. There are two kinds of payment term under B/C: Documents against Payment (D/P) and Documents against Acceptance (D/A). The Bank plays an intermediary role in payment collection and is not obliged to make payment on behalf of an importer.
1. Importer (Buyer) provides exporter with the following information:
EXPORT-IMPORT BANK OF THAILAND
EXIM Building, 14th Floor, 1193 Phaholyothin Road, Phayathai, Bangkok 10400 Thailand
2. When the Bank receives documents from seller’s representative bank, the Bank will notify the importer to make payment (D/P) or sign a document to confirm acceptance of the bill (D/A). Importer can collect merchandise afterwards.
3. Importer does not need to have a credit line with EXIM Thailand.