Are you exposed to risks in foreign trade as an importer or exporter?
Such risks - in particular supply and payment risks – can be largely eliminated using secured reimbursement procedures. Various types of documents used in foreign trade provide a basis for secured forms of settlement.
The documents that correspond to the goods are particularly important in this relation. They bear the right to access to the goods and can also be transferred as title to goods. Handing over of such documents has the same legal effect as handing over the goods themselves. The distinguished documents in this context are the bill of lading and the consignment note.
Postbank offers you two services in respect of international documentary transactions:
In the case of documentary collection, the exporter mandates its bank to collect the proceeds in respect of these papers from the importer against the handing over of the shipping documents. You can find detailed information at hier.
A documentary letter of credit regulates the payment obligation of a bank to a beneficiary of a letter of credit. You can find detailed information hier.
