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Import bill collection is a method of doing an international trade transaction given that the seller forwards the required commercial documents to the importer, against which the payment is done. Banks facilitates documents movement and payments to suppliers.

What is Bill of export? Bill of Export form is very much similar to Shipping bill except that a Bill of export is filed for export from SEZ unit by land whereas a Shipping Bill is filed for export from SEZ unit by air/sea). The ?Shipping Bill (SB)? contains the information related to the consignments under export.

Import Bill Collection is a mode of payment for international trade where the seller forwards financial and/or commercial documents to the buyer, against which the payment is made.

A documentary collection (D/C) is a transaction whereby the exporter entrusts the collection of payment to the exporter's bank (remitting bank), which sends documents to the importer's bank (collecting bank), along with instructions for payment.

Import Bill for Collection (B/C) is a payment tool whereby an exporter (seller) overseas agrees to forward export documents to an importer (buyer) via an importer's bank once the goods have been shipped.

LC Bills under Usance terms are the bills payable by the buyer/importer at a specified period 'after date' or 'after sight 'of the bill.

Import bill advance is a special financing tool, simply used to fulfill the foreign payment duty under special trade terms; 6. Generally, term of import bill advance matches with the reselling period of the imported commodity, with the sales income as the main source of repayment.