| When you export your goods and use collection as the form of payment, you obtain a number of advantages:
- the buyer has paid or accepted a draft before the documents are handed over
- better liquidity
- Danske Bank follows up on payment or acceptance with tracers if necessary
- they are easier to process than documentary credits
You should be aware that, as long as the goods are addressed to the buyer, he will usually be able to get hold of the goods without presenting transport documents - although not with sea transport.
For this reason it might be prudent to address the goods to a transport firm or the buyer's bank - although this requires the bank's agreement. | | |