Documentary Collection

Inward Collection

  • Receiving Bills Services that facilitate trade settlement between seller and buyer
  • Features
    • Secured channel to route your commercial and transportation documents
    • assure receipt of commercial and transportation documents upon settlement by documents againts payment (D/P) or acceptance (D/A)
    • Documents handled Free of Payment
    • no credit facility required
  • Benefit
    • Bank Jatim as a trusted intermediary (Collecting Bank) protected your interest by handleing your commercial documents
    • Payment Tracking and Monitoring Services
    • Minimize bank charges
    • Minimize risk concern with ensure goods have been shipped before sending the payment
    • Assistance and Advisory Services from the International Trade Expert
    • Bank Jatim offers a competitive exchange rate to value foreign exchange (min ekuiv USD 2000, may request special rate)
    • Bill of Lading that is consigned to order of Bank Jatim, Endorsement of Bill of Lading may be given under specific terms and conditions.
  • Term & Condition
    • Customer of Bank Jatim
    • Business Identification Number (NIB) indicated import permit or any acceptable import permit documents acknowledged by regulator
    • Not relate to any entities or countries listed on sanction
    • Documentary Collection is subject to international applicable rules
  • Steps
    • Seller ships out the goods and/or deliver services and submits trade document to their bank
    • Bank Jatim will notify you when the trade documents have been received from seller's bank
    • You need to accept the bill of exchange (draft) and/or give payment instruction to Bank Jatim before collecting your commercial documents
    • Bank Jatim settle the payment

Outward Collection

  • Sending Bills Services that facilitate trade settlement between seller and buyer
  • Features
    • Secured channel to route your commercial and transportation documents
    • Assure sending of commercial and transportation documents upon settlement by documents againts payment (D/P) or acceptance (D/A)
    • Documents handled Free of Payment
    • No credit facility required
  • Benefit
    • Bank Jatim as a trusted intermediary (Remitting Bank) protected your interest by handling your commercial documents
    • Payment Tracking and Monitoring Services
    • Minimize bank charges
    • Minimize risk concern with ensure payment has been sent before buyer clearance the goods
    • Assistance and Advisory Services from the International Trade Expert
    • Bank Jatim offers a competitive exchange rate to value foreign exchange (min ekuiv USD 2000, may request special rate)
  • Term & Condition
    • Customer of Bank Jatim
    • Business Identification Number (NIB) indicated import permit or any acceptable export permit documents acknowledged by regulator
    • Not relates to any entities or countries listed on sanction
    • Documentary Collection is subject to international applicable rules
  • Step
    • Seller ships out the goods and/or deliver services
    • Seller submits trade documents and Export Documentary Collection Application to Bank Jatim
    • Bank Jatim sent documents to buyer's Bank for collecting payment

For terms, conditions / further information about our products, please contact Info Bank Jatim 14044 or come directly to the Bank Jatim Branch Office.