Bills for Collection are often used to bridge the gap between trading on Documentary Credits and open account, where a relationship is building up between buyer and supplier that indicates mutual trust.

Contact the Customer Service Representative at your nearest OIB branch or the Foreign Trade Department at the OIB Head Office, Al Khuwair, and Muscat apply for this service.

Export Bills for Collection
This method of settlement for trade is generally adopted when the buyer/importer has established an element of trust and relationship with the seller/exporter and has confidence in the seller's ability to deliver the goods and services.

Import Bills for Collection
This method of settlement for trade is generally adopted when the seller/exporter has established an element of trust and relationship with the buyer/importer and confidence in the buyer's ability to pay.