XpressMoney

XpressMoney XpressMoney is a global money transfer branded company in—. It   provides money transfer service Over the last 13 years  which  is convenient, affordable, accessible and secure form. At present XpressMoney is  an international money transfer provider company. They  serve more than 55,000 customers everyday all over  the world. Their […]

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Pre-Shipment Inspection (PSI)

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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Basic flow chart of International Trade by LC

Step of Letter of Credit Opening

Step of Letter of Credit Opening Step One: If any importer wants to open a L/C, the importer is to be a customer of the bank and the importer will maintain a Current Account. Step Two:       Importer submits an application requesting for opening L/C for US$. …….. for import of […]

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Discrepancies of Letter of Credit

Discrepancies of Letter of Credit

Discrepancies of Letter of Credit Common discrepancies in the export documents Claused/unclean/foul/dirty Bill of Lading. Charter party/stale/third party Bill of Lading (Unless stipulated in the letter of credit ) ON BOARD notation in B/L updated/unauthenticated. Shipment effected from the port other than that stipulated in the credit. Goods shipped on […]

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What is Outward Remittance

What is Outward Remittance?

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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Securities company

Securities company of Bangladesh

Securities company of Bangladesh Securities company of Bangladesh A.B. ISPAHANI SECURITIES LID. Rep: Mirza Ali Behrouze Ispahan! Chairman & M.D Ispahani Building (2nd Floor) 14-15, Motijheel C/A, Dhaka-1000 Ph: 9555192, Res :8827061, Mobile : 01819-240459 Fax : 9565319, 9553193 E-mail : mmi@mmpahani.com A.B.S. SAFDAR & CO. LTD. Rep: Dr. A.M.B […]

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Intrenational Monetary Fund-IMF

International Monetary Fund (IMF)

International Monetary Fund (IMF) The (IMF) International Monetary Fund was originally created as part of the Bretton Woods system exchange agreement in 1944. The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary co-operation, secure financial stability, facilitate international trade, promote high employment and […]

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