International Trade -Terms
Acceptance A time draft that the drawee (the payer) has accepted and acknowledged in writing the unconditional obligation to pay it at maturity. Advising Bank...
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Foreign Exchange Business
International Trade Definition Business firms engaged in foreign trade receive and make payment through foreign currency. In order to facilitate such transactions and also help...
Foreign Exchange Transactions- Export Check List
1) A/D Branches shall ensure proper checking of the Export L/C and shallascertain genuineness of the issuance of the Export L/C.A/D branch shall ensure that...
Forex Trading For Beginners
Foreign exchange market participation is one of the major tasks in international banking. And the treasury department of a bank deals with the foreign exchange...
Foreign Exchange Transactions: Import Check List
Import Documents- Foreign Exchange Transactions 1) Approval from Head Office (if required). 2) IRC checking / originai copy of IRC / genuineness and its validity...
Foreign Currency Accounts
Resident Foreign Currency Deposit (RFCD) Account Persons ordinarily resident in Bangladesh may open RFCD account with foreign exchange brought in at the time of their...
Bill Of Lading Transport Document
Bill of Lading Definition Bill of Lading is a transport document, which serves as a receipt for goods contract to transport using ocean mode. Below...
Certificate Of Origin- Packing List
Certificate of Origin For goods imported to some countries, especially those which have a reciprocal tariff agreement with the exporter’s country, a certificate of origin...
Commercial Invoice
The invoice/commercial invoice, in ultimate sense, is the seller’s bill for the merchandise. The document describes the goods which are the subject of contract of...