International Trade

Import & Export Financing

Posted on September 15, 2014 by Banker Makhluk

Import & Export Financing Legal framework of International Trade: i. Import & Export (Control) Act –1950 (Sub Section 1 of Section 3) Import Policy Order Export Policy ii. Foreign Exchange Regulation Act (FERA)-1947 iii. Guidelines for Foreign Exchange Transactions (GFET): Vol – I & Vol – II iv. Directives […]

Sample of SWIFT Letter of Credit

Posted on June 2, 2014 by Banker Makhluk

Sample of SWIFT Letter of Credit sender : SOCIAL ISLAMI BANK LIMITED (PRINCIPAL BRANCH, DHAKA) BANGLADESH . receiver : ICICI BANK LIMITED (GLOBAL TRADE SERVICES UNIT-MUMBAI) IN . 27: Sequence of Total 1/1 40A: Form of Documentary Credit IRREVOCABLE 20: Documentary Credit Number 120209020060 31C: Date of Issue 090915 […]

Pre-Shipment Inspection (PSI)

Posted on November 2, 2013 by Admin-Bankingallinfo

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 […]

Procedures of Amendment of a Letter of Credit

Posted on October 31, 2012 by Banker Makhluk

Procedures of Amendment of a Letter of Credit Amendment to L/C After the opening of L/C sometimes alteration/amendments to the original terms and conditions become necessary. These amendments involve changes in (i) unit price, (ii) extension of validity of the L/C, (iii) Documentary requirements etc. Such amendments can be effected […]

Export Processing Zone of Bangladesh

Posted on October 30, 2012 by Banker Makhluk

Export Processing Zone of Bangladesh Export processing zone (EPZ) was established by an act namely, Bangladesh Export Processing Zone Authority Act, 1980. The broad guideline relating to the operational enterprise in the EPZs are contained in the Principles & Procedures governing in setting up of industries in EPZ, issued by […]

Outward Remittance

Posted on October 17, 2012 by Banker Makhluk

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 fees (TOEFL, […]

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