Do I have a guarantee for payment as an exporter?
No, trading on a collection basis means that documents will not be handed over until payment has been made or a
draft has been accepted, but in contrast to a documentary credit, the buyer is not obliged to pay or accept a draft.
Which documents must I present as exporter?
There is no simple answer as to which documents may be presented under a collection - it depends on what you have
arranged with the buyer. However, typical documentation includes a bill of lading (or a transport document), invoice, certificate of
origin, insurance certificate (if required) and bill of exchange.
Can payment wait until the arrival of the goods?
The international rules for collections do not stipulate when the importer must make payment.
Therefore you can certainly defer the payment until the goods arrive unless you have arranged otherwise with the seller.
Can I, as importer, waive the charges?
The importer cannot waive charges under a collection if the collection instructions state that this is not permitted.