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Ation.) is a method of payment whereby the exporter initiates, through the banking system, the collection of money due to him from the importer. Payment will be made against a Bill of Exchange and documents of title. Documents can be released against acceptance of the Bill of Exchange or against payment at sight. This course will give you a practical understanding of this popular method of payment. The Uniform Rules for Collections, 1995 Revision, ICC publication No. 522, shall apply to all coll.

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