D-1-3-1- Documentary remittance procedure

Payment processing is one of the main preoccupations of companies with international transactions. Doing business is important, but compensation is essential. Esandis offers you free training space dedicated to international transactions, and all the skills you need to become an export or import manager. Our objective is to provide you an understanding of the importance of the payment component of an international transaction. A documentary remittance or collection is therefore a payment solution.

1-3-1-1- Documentary remittance or collection: definition

Documentary remittance is a payment technique that involves exporter and importer banks to reach the objective of smooth international trade operations.

1-3-1-2- Documentary remittance procedure


  Exporter's bank   Carrier   Importer's bank   Importer
Contract implementation  

  1- Contract     Contract negotiation
Goods preparation  
2-Goods delivery


  Transfer of goods responsibility to the carrier        
The exporter receives and forwards the documents  

  3-2-Other documents: origin certificate, movement certificate, inspection certificate    

4-Documents and instruction letter (draft)   The exporter's bank receives and forwards the documents  
5-Documents + draft

  The importer's bank presents the documents to the importer  
6-Documents (draft) + (bank endorsement)
                The importer accepts the draft or is debited
7- Payment or acceptance of the draft
9-1- Payment or accepted draft
  The exporter's bank is credited  

8-Payment or accepted draft
  The importer's bank is credited  
The exporter is credited  


9-2- Goods

  The importer requests possession of the goods