Documentary Collections can be described as follows: Priorbank (the Seller's Bank) under the Seller's instruction collects money from the Buyer for the delivered goods based on the respective documents confirming the delivery of such goods.
Instead of waiting until the Buyer pays for the goods, you offer the Buyer to do it first as you have already performed your Seller's obligations. Furthermore, involving Priorbank in your trade transaction, you secure your transaction as Priorbank represents both the side (party) of the Seller and the Buyer.
You are the Buyer
You are guaranteed that the documents will be given to the Buyer only in exchange for payment for the goods. You do not have to think about how to receive the money as you can enjoy Priorbank's opportunities and assistance of highly skilled specialists which will be especially useful should any difficulties in your transaction arise.
You are the Seller
You do not have to pay for the goods in advance. You will pay only based on the documents which guarantee the delivery of goods in accordance with the terms and conditions stipulated by the contract.
Please feel free to contact one of Your Personal Managers.