Saturday, 07 July 2018 08:28

Import

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  • IMPORT BY LETTER OF CREDIT
    /Documentary Credit/

An import Letter of Credit is an unconditional undertaking, given by CBO at the request of our customer (the Applicant or Importer) to pay the Beneficiary (or Supplier) against stipulated documents, provided all the terms and conditions in the Letter of Credit are complied with.
Import-available by sight payment/negotiation payment/deferred payment*/acceptance payment*

  • IMPORT BY CASH AGAINST DOCUMENT
    /Documentary Collection/

Documentary collection is a method through which banks handle a seller's commercial documents with or without financial documents in accordance with instructions received from the seller in order to deliver the documents to buyer (importer) against payment and/or acceptance or against other terms and conditions.

  • IMPORT BY ADVANCE PAYMENT

Advance payment: is a method through which a seller receives payment from a buyer prior to shipment or the agreed upon goods or rendering the agreed upon service.
Import-Payment though bank transfers

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