What is Outward Remittance? Foreign Outward Remittance: Foreign currency being made out abroad may be termed as foreign outward remittance. Purpose of outward remittance are: a) Import Bills Payment b) Payment against Contract or Agreement c) Travel d) Education e) Treatment f) Membership fees g) Fees for Application h) Examination […]
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Pre-Shipment Inspection (PSI) Legal Framework: Pre-shipment Inspection Rules – 2002 (SRO No. – 255-AIN/2002/1973/Shulka, Dated 19-09-2002 which replaces Pre-Shipment Inspection Order – 1999, Dated 19-10-1999) Amendment of Pre-shipment Inspection Rules–2002 (SRO No. 38-AIN/2008/2188/Shulka, Dated 05-06-2008) Circular regarding exemption from mandatory pre-shipment inspection (SRO No. 193-AIN/2010/2311/Shulka, Dated 10.06.2010) Customs Act-1969 Import […]
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Discuss the factors influencing Foreign Direct Investment in a country like Bangladesh. Factors influencing Foreign Direct Investment in a Country: Foreign Direct Investors look into various factors before making investment decision in a country. After 1990, in India, the government adopted a New Economic Policy which promoted the policy […]
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Step by step Export Procedure How to Export Steps to 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 […]
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ISBP-International Standard Banking Practice The ISBP is a checklist of best practices worldwide for checking documents under the UCP, ICC’s universally used rules on letters of credit. Because the UCP rules are general in nature, it was necessary to define in greater detail the term “international standard banking practice”, first […]
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What is Letter of Credit ? Type and Parties involved WHAT IS LETTER OF CREDIT? L /C is an undertaking given by a Bank on behalf of its customer to pay a certain sum of money to a certain person ( Beneficiary ) on the fulfillment of certain terms and […]
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Definition of International Trade What is foreign Trade or International Trade? Answer: Foreign trade is nothing but trade between the different countries of the world. It is also called as International trade, External trade or Inter-Regional trade. It consists of imports, exports and entrepot. The inflow of goods in […]
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The Ultimate Guide To The Swap Market Exchange rate instability and the collapse of the Bretton Woods System and particularly the control over the movement of the capital internationally paved the way for the origin of the financial swaps market. Today swaps are at the center of the global financial […]
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Common Import and Export Documents There are many documents involved in international trade, such as commercial documents, financial documents, transport documents, insurance documents and other international trade related documents. In processing the export consignment, documentation may be executed in up to four contracts: the export sales contract, the contract of […]
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12 articles of eUCP (Supplement to UCP 600) eUCP V1.1 Supplement to UCP 600 Article e1: Scope of the eUCP Article e2 : Relationship of the eUCP to the UCP Article e3 : Definitions Article e4 : Format Article e5 : Presentation Article e6 : Examination Article e7 : Notice of Refusal Article e8 : Originals and […]
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FUNCTIONS OF FOREIGN EXCHANGE Functions of Foreign Exchange: Commercials Banks have a vital role in the foreign trade of a country. They provide the finance needed to execute the transactions. They from the conduit pipe through which the documents and money are exchanged between the exporter and importer. They act […]
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Guidelines for Foreign Exchange Transactions (GFET) 2018 Volume 1 Volume 2 Guidelines for Foreign Exchange Transactions (GFET) 2018 Volume 1 Volume 2 (Only for Bangladesh) Guidelines for Foreign Exchange Transactions (GFET), 2018 Volume 1 (INDEX) SL. Chapters Guidelines for Foreign Exchange Transactions (GFET), 2018 Vol 1 1 1. Introductions and […]
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What is the certificate of Origin? What is the certificate of Origin-www.bankingallinfo.com CERTIFICATE OF ORIGIN What is the certificate of Origin? : Certificate of origin is a signed document that appears to relate to the invoiced goods and certifies their origin. ISBP says regarding Certificate of origin- Basic requirement and […]
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Commercial invoice definition, description, features, Specimen Commercial invoice definition, description, features, Specimen: A commercial invoice is a document that records a transaction between the seller and the buyer and used in trade. It is a declaration by the seller of a sale. Commercial invoices are normally prepared by sellers/beneficiaries and made […]
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Bill of exchange-definition, meaning, parties, Specimen Definition of Bill of exchange Bill of exchange-definition, meaning, parties, Specimen: “A bill of exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay on demand or at fixed or determinable future time a […]
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