How to Export

Topics: Bank, Cheque, The Bill / Pages: 7 (1516 words) / Published: Jan 12th, 2013
EXPORT

Procedure of Export from Exporter side:

1) To open an account with a Bank.
2) To be collect ERC (Export Registration Certificate) from CCI & E.
3) To collect TIN from Bangladesh Revenue Board.
4) To collect Export L/C / Transferable Export L/C.
5) To submit the Export L/C / Transferable Export L/C to the Bank through his letter pad and type Back to Back L/C.
6) To sign LCAF
7) To collect Insurance cover Note with money receipt and Vat paid certificate (only for Foreign B/B L/C)
8) To Sign IMP & Related charge documents.

Model of Party’s Letter for submission of Export L/C: MASS Fashion Ltd.

Manager
ABC Bank Ltd.
Gulshan Branch
Dhaka

Subject : Submission of Export L/C No. …………….…….. dt. ……..………… for US$. ………………….

Dear Sir,
Assalamu Alaikum Wa Rahmatullah.

Enclosed please find here with the original Export L/C No. ……………….. dt. …………. for US$. ………. for your necessary action and oblige.

Ma-assalam

Yours truly,

Managing Director
Mass Fashion Ltd.
7,Gulshan Avenue,
Dhaka

Enclosed: Export L/C. …………………….. dt. ………………..

Procedure of Export from Banker Side:

Step: 1 : At first Banker open an Account by receiving related paper as per Banking Rule.

Step: 2 : To receive the Letter / Application of submission Export L/C, Bankers at first verify the signature (Model of Application of the Client).

Step: 3 : If the Export L/C is transferable Export L/C, it is must to verify through the letter of “Confirmation of transfer ………………. Export L/C …………….. dt …………….. for US$. ………………

(Model of Confirmation Letter / Bank transfer)

Step: 4 : [ To confirm the Export L/C (for transferable Export L/C)/Direct received Export L/C]. After receiving Export L/C from the client, to check the following: 1) Transferable Export L/C’s Bank’s Authorised signature verify or not.
2) Form of Documentary Credit Irrevocable transferable or not.
3) Date of issue:
4) Date and place of Expiry: …………………… in

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