Is Trust Receipt applicable for Documentary Collection

Simple is Beautiful; the only thing came in my mind when thought of documentary collection. And I think more and more people are thinking the same in these days. Documentary Collection offers us far greater security than selling on open account; but not as much as a documentary credit. We should therefore be more cautious before starting selling using this method of payment. Documentary Collection Forum is an effort to help you on this way – admin;
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Is Trust Receipt applicable for Documentary Collection

Post by Tradenoob » Sun Jan 03, 2021 10:13 am

Hi i am working in a bank in electronic channel. i noticed that we have Trust Receipts for settlement for Documentary Collection. Can i understand if this is the correct practice?


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