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When importing, you don't pay until you receive shipping confirmation – so you keep your cash for longer. When exporting, deferred payment collections can often be discounted with your bank.
Importers only pay once there's proof of shipment, so it's more secure than paying for your goods in advance. If you're exporting, you keep control of the documents until the goods have been paid for or a bill of exchange has been accepted.
There's no need for a capital-weighted bank facility, and documentation is turned around quickly.
Documentary collections are subject to globally recognised rules issued by the International Chamber of Commerce