Parties involved

• Borrower - Exporter of the goods/Seller/Backer.

• Borrowing Bank - Exporter's bank that sends the documents to the Importer's bank.

• Drawee - Importer of the goods/Buyer/Debtor.

• Drawee's Bank - Importer's bank, responsible for fulfilling collection instructions with the Importer.

ATLANTICO can present itself as the Drawee's Bank, when its Customer is an Importer or the Borrowing Bank when its Customer is an Exporter.
Difference between Import vs Export Documentary Shipments.

Documentary collections - Import (RDIM)

It is a document delivery service, ATLANTICO receives from the Foreign Bank (Borrowing) documents necessary for pickup the goods imported by its Customer, as the importer.

The delivery of these documents to the ATLANTICO Customer can only be done in accordance with the instructions received from the other Bank:

• An acceptance of a letter;

• Acceptance and endorsement of a bill or partial payment and acceptance of the remainder;

• An undertaking in writing to pay at a certain future date;

Documentary collections - Export (RDEX)

ATLANTICO, at the request of its Exporting Customer, sends to the foreign bank the documents for collection, which should be delivered to the importer according to what is stipulated in the Exporting Customer's instructions, which can be:

• Contrary to payment;

• Contrary to acceptance of a bill;

• According to a written commitment to pay at a certain future date;

Collection Types

• Documents Against Payment;

• Documents Against Acceptance;

• Documents Against Written Undertaking to Pay;

• Documents Against Acceptance and Bank Guarantee;