The process of a collection
1. The contract is made between the importer and the exporter
2. The exporter sends the documents to his bank with instructions for delivery
3. The exporter's bank sends the documents to the importer's bank with instructions that the documents can be handed over against payment or acceptance of a draft
4. The importer's bank hands the documents over to the importer when the conditions have been fulfilled
5. The exporter receives payment