You ship the goods to the importer.
You ask your bank to send the shipping documents and collection instructions to the importer's bank.
The importer's bank then requests payment or an undertaking to pay from the importer. The bank will not release the documents until the importer has either made payment or promised to do so at a later date agreed by you.
Payment is not made until after the goods are shipped - so you bear the risk while goods are in transit or storage until you receive payment or acceptance.
Banks involved in the transaction do not guarantee payment.
It's your responsibility to check the importer's credit status and reputation before agreeing to a export collection.
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