Currency and Amount:
The buyer and the seller agree on a Documentary Collection as term of payment.
The following conditions have to be observed.
Presenting Bank: DZ BANK AG
The above mentioned bank will deliver the documents to the buyer against:
within days after presentation of documents
Payment may be deferred until arrival of goods
Acceptance of seller's drafts at
The accepted draft will be returned to seller's bank
The above mentioned bank will retain the accepted draft for collection on due
date. Seller's bank will be informed about date of acceptance and maturity.
All charges outside of Germany are for buyer's account seller's account
All charges in Germany are for buyer's account seller's account
Documents to be presented:
Signed Commercial Invoice: -fold
Full set cleanBills of Lading made out to order and blank endorsed
Certificate of Origin
Packing List: -fold
Insurance Policy/Certificate covering risks as per Institute Cargo Clause (A)/Air
Other documents required:
he documentary collection will be handled according to the “Uniform Rules for Collections“ (latest edition in force) issued by the International Chamber of Commerce
, Paris, as far as applicable.
DZ BANK AG Deutsche Zentral-Genossenschaftsbank
is a central institution of the cooperative financial services network.