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Financing against bills under collection is a common practice in international trade, allowing exporters to receive funds before the importer makes payment. This facility is offered by banks under the bills under collection (also called documentary collection) mechanism, which involves handling of shipping documents through banking channels. In this process, the exporter ships goods and submits the relevant documents, such as the bill of lading, invoice, _________ _________ ________ ___ ________ ___ _________.
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