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Overseas Bank Importer's Bank Supplier's Bank

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Harsh Gandhi
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10 views

Overseas Bank Importer's Bank Supplier's Bank

Uploaded by

Harsh Gandhi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Funding Nostro of Importer’s Bank (9) Import Bill

Payment (10)
Overseas Bank Importer’s Bank Supplier’s Bank
Scan Copy of Documents Submit Document
and Courier original, Under LC/DA/DP (2)
Issue SLBC & MT799
(6,7,8)
Make payment on due date
(11)

Offer and Loan


Submit
Agreement for
Documents (2)
SBLC issuance (6)
Indicative
Pricing Payment on Due
offer Letter date (11)
(4,5)

Offer Letter Shipping (2)


and Format (5)
Buyer’s Credit Importer Supplier
Consultant Quote request (3) Contract (1)
Request Letter (5)
1. Agree on a Contract

5. Goods are shipped


Exporter Importer

Letter of 8. Verifies 2. Applies


4. Verifies 6. Documents Credit and sends it for an LC
the LC and are provided Process
forwards it Flow Chart
to the
exporter

7. Documents are forwards


Advising Bank Issuing Bank
(Confirming Bank) 3. Letter of Credit

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