No! Trading on a collection basis means that documents will not be handed over until payment has been made or a draft has been accepted, but in contrast to a documentary credit, the buyer is not obliged to pay or accept a draft.

Which documents must I present as exporter?
There is no simple answer as to which documents must be presented under a collection - it depends on what you have arranged with your buyer.

Can payment wait until the arrival of the goods?
The international rules for collections do not stipulate when the collection must be paid for. Therefore you can certainly defer the payment until the goods arrive, unless you have arranged otherwise with the seller.

Can I, as importer, waive charges?
The importer cannot waive charges under a collection if the collection instructions state that this is not permitted.