Export Procedure Exporter obtain Export Registration Certificate from Chief Controller of Import & Export >> Agreement for Export >> Obtain Export LC, Standby L/C or Contract >> Export LC issued by issuing bank at the request of importer/buyer >> The bank through which the L/C is send to the exporter is treated as advising […]
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Difference between Fund Flow Statement & Cash Flow Statement Difference between Fund Flow Statement & Cash Flow Statement CASH AND FUND FLOW The statement of change in financial position is known as “ Fund Flow Statement “. Because Fund Flow shows the amount in change in various balance sheet […]
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Strategic Human Resource Management Strategy The strategy is derived from the Greek word “Strategos”. It’s meaning is general. It is used in different way. Strategy is a way of doing something. It is a game plan for action. It usually includes the formulation of a goal and a set of […]
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Monetary Policy in an Islamic Framework For compulsory transfer payments as well as optional charities, from the relatively better-off people in the economy to the relatively worse-off population. This is done through the institutions of Zakah, Fitrah etc. In addition, optional payments are so encouraged and emphasized that even if […]
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How to open Current Account of a Proprietorship Firm? The account of Proprietorship: Any business firm which is owned and run by an individual is called a proprietorship firm. On the other hand, a proprietorship is a company that is not registered with the state as a limited liability company […]
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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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Procedure for opening a bank account Procedure for opening a bank account WHAT IS ACCOUNT? An account is the individual record of an asset, a liability, a revenue an expense or capital in a summarized manner. It is also a report or description of an event or experience. The bank account […]
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Precautions for opening of an account in the name of an attorney-www.bankingallinfo.com What precautions should the banker take while opening of an account in the name of an attorney? A customer may appoint an attorney to deal with his bank account. The power of attorney may be either special or […]
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CDCS study materials-Refusing documents Refusing documents Chapter-18 18.1 Handling discrepant documents Once examination has been completed and after taking account of any regulatory or legislative requirements, a document examiner will decide whether or not the documents comply. If the documents comply, the document examiner will take up the documents and arrange a settlement. […]
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Functions and process of the operation in Documentary Credits Article 2 of UCP (600) defines parties to the Letter of Credit as following: “Applicant: the party to whose request the credit is issued. Beneficiary: The party in whose favor the credit is issued. Issuing Bank: Means the bank that issues […]
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Discuss the problems or limitations of foreign trade or International in Bangladesh Smooth foreign trade operation is essential for businesses to expand and flourish. It has a huge impact on a country’s economy. Unfortunately, Bangladesh lacks in several areas to make foreign trade easy for businesses to expand. This article […]
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Examining insurance documents Chapter-15 Examining insurance documents Learning objectives This chapter highlights the requirements when examining documents such as insurance documents or financial, commercial and official documents. By the end of this chapter, you should be able to: ◆◆ understand the key examination criteria for insurance, financial, commercial and other […]
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CDCS study materials-Honour or negotiation Chapter-17 Learning objectives This chapter provides an overview of the concept of honour and negotiation. By the end of this chapter, you should be able to: ◆◆ explain the different settlement terms; ◆◆ understand settlement flows; ◆◆ explain the terms ‘honour’, ‘negotiation’ and ‘prepay and […]
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CDCS Study Materials-Sales Contract MCQ -Sales Contract 1. An exporter sells goods overseas on FOB and CIF Incoterms, respectively. Who is responsible for the freight charges in each? A. FOB — importer / CIF – exporter B. FOB – importer / CIF – importer C. FOB – exporter / CIF […]
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CDCS Training Materials-Examining transport documents Chapter 14 Examining transport documents Learning objectives This chapter highlights the requirements when examining transport documents. By the end of this chapter, you should be able to: ◆◆ understand the key examination criteria for transport documents; ◆◆ identify the different characteristics of transport documents; and […]
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