om the drawee - see Collections Introduction.
Collection Order
Form submitted, with documents, to the Remitting/Negotiating Bank by an exporter with his instructions - see Collections ?Introduction. Confirming
Act of a bank other than the issuing bank assuming the liability for payment, acceptance or negotiation of correctly presented documents under a DC - see Confirmation of DCs.
Consigment
Shipment of goods.
Consignee
The person/company/bank to whom the goods are delivered - usually the importer or the Collecting Bank - see Handling Import Collections.
Consignor
Also called shipper, is the person/company who sends goods by ship, by land or air.
Contingent Liability
A liability that arises only under specified conditions, e.g. when a bank opens a DC it incurs an obligation to make a future payment on condition that the terms are fully met.
D
DC Bills
Bills drawn under documentary credits.