Export Collection (DA / DP)

Export Collection is a service for collecting payment from an importer through a foreign collecting bank upon presentation of the exporter’s commercial and financial documents, according to the customer's order by Bank of China (Thai) Public Company Limited (BOCT). There are two kinds of payment term under Export Collection.

1. Documents against payment (D/P): in which the collecting bank releases the documents to the buyer only upon receiving a cash payment in a prescribed currency.
2. Documents against acceptance (D/A): in which the collecting bank releases the documents to the buyer upon acceptance of a bill of exchange (draft) that guarantees payment at a later date.

1. Documentary collection is more convenient and easier to process compared to a letter of credit.
2. Less bank charges, allowing exporters to save expenses and control costs.
3. The importer can only pick up the goods after accepting or making payment, reducing the risk for the exporter.

1. Exporters who have a good relationship with their buyer/importer and trust them to pay on time.
2. Exporters who entrust their bank to act as an intermediary to handle the shipping documents and collect payment from the buyer/importer.
3. Exporters who want to avoid the difficulty of documents under Letter of Credit (L/C).

1. BOCT receives a full set of collecting documents from the exporters.
2. BOCT sends the original documents for collection to the buyer as per your instruction while keeping a close tracer on the payment.
3. If the collection is successful, BOCT deposits the money into exporter’s account.
4. Additionally, BOCT tracks the status of bills and traces payment in case of non-payment or non-acceptance.

Please refer to standard rates released by BOCT via: https://www.bankofchina.co.th/en-th/service/information/service-rates-and-tariffs/service-charges-for-export.html

1. Application for Processing Export Documents
2. Other original of documents as required by Export Bills