Required Details to be filled in the Applications:

Size: px
Start display at page:

Download "Required Details to be filled in the Applications:"

Transcription

1 2 5. Account Number. Cheque No. 5. Amount. Cheque Date. Drawer Name. Customer Signature & Stamp. Cheque(s) must be signed by the Drawer. 2. Cheque(s) must not be Non- Negotiable.. Cheque(s) must be Blank Endorsed by our customer with stamp.. Account no. must not be mentioned in the back of the Cheque. 5. Cheque No., Amount, Date, Drawer Details must tally with the Cheque(s) & Application.

2 Account Number. Advance Payment Yes / No 5. Invoice no., Currency & Amount. B/L no. If Applicable.. Remittance Amount. Beneficiary Name & A/C no.. Beneficiary s Bank Details 0. Charges. Special Instructions, if any. 2. Customer Signature & Stamp 2. Invoice must be less than 0 days. 2. Beneficiary Name on the Invoice & Application must be the same.. Copy of Original Transport Docs must be presented for other than Advance Payment. (Applicable as per Limit terms)

3 2 5. Account Number. Period of Advance 5. Buyer Name. Invoice / DO no.. Invoice Amount. Special Instructions if required.. Customer Signature & Stamp. Invoice(s) must be pre-accepted by the Buyer (Signed & Stamped). 2. Invoice No., Buyer Details must tally with the Invoice(s) & Application.

4 Account Number. LC / Collection Reference no. 5. Beneficiary Name for Open Account. B/L no. If Applicable.. Description of Goods. Beneficiary Name. Vessel Name & Voyage no. 0. Flight No. & Date. Customer Signature & Stamp. Application for Application for Loan Against Trust Receipt must be presented with the request for all LC, Collection & OPTR. 2. Signed Document arrival notice must be presented for LC & Collection.

5 Account Number. LC / Collection Reference no / Invoice no. for Open Invoice TR. 5. B/L no. If Applicable.. Loan Amount. Tenor of Trust Receipt. Beneficiary Name & Account No. for Open Account TR.. Beneficiary Bank Details for Open Account TR. 0. Special Instructions, if any.. Customer Signature & Stamp. Trust Receipt Application form must be presented. 2. Copy of Invoice / Copy of Original Transport Docs Must be presented for Open Account TR requests.

6 Account Number. Nature (Fixed / Auto Renewable) 5. Validity (From To / Open Ended). Type of Guarantee. Guarantee Format. Purpose. Beneficiary Details 0. Guarantee Amount. Special Instructions (If any) 2. Customer Signature & Stamp 2. Format (If any) with Customer Signature & Stamp. 2. Counter indemnity duly signed by the customer. (For one off cases only)

7 2 5. Account Number. LG Reference No 5. Current Letter of Guarantee Amount. Amount of Increase / Decrease If any. Revised Letter of Guarantee Amount to be filled if amount of Increase / Decrease is filled.. Revised Expiry Date. Other Changes Required, if any 0. Customer Signature & Stamp NIL 0

8 Swift / Courier. Confirmation if required / charges. Applicant Details (Our customer) 5. Beneficiary Details. Account Number of Beneficiary. Beneficiary Bank Details. About (or) Not Exceeding (Tolerance). Currency & Amount (Figures) 0. (Amount) In Words. Price Basis : (Incoterms) Exworks / FOB / CFR or CPT / CIF or CIP 2. Expiry date of the Credit. Shipment / Dispatch From & To. By (Sea / Air / Road / Local Delivery) 5. Latest Date of Shipment.. Partial Shipment & Transhipment. Tenor (Sight / Usance). Covering (Goods Details) Cont

9 20. Shipping Marks (If any) 20. Documents Required a) Invoice Mandatory b) Mode of transport Mandatory c) Delivery note along with Specimen Signature Signed & Stamped by Authorised Signatory. Note: Incoterm is interrelated with Mode of Transport, Freight Charges & Insurance. List of Documents to be selected for: a) Exworks (B/L or AWB or TCN) & FOB (Only B/L) (Transport Document Marked Freight Payable at destination & Insurance will be covered by Applicant (Our 20% of CIF Value) b) CFR (Only B/L Marked Freight prepaid & Insurance will be covered by Applicant (Our 0% of CIF Value) c) CIF (Only B/L) / CPT (AWB or TCN) (Transport Documents Marked Freight Prepaid & Insurance will be covered by Beneficiary)

10 Insurance Policy Claims Payable in UAE must be filled. 22. If insurance is covered by our customer 2 nd point must be filled along with the insurance policy details with Insurance Company Fax no. 2. Certificate of Origin Mandatory 2. Packing list Not Mandatory 25. Vessel Certificate Mandatory 2. Legalisation charges Mandatory 2. Charges Details. 2. Customer Signature & Stamp 2. Specimen Signature 2. Proforma Invoice / Purchase Order. Insurance Policy. Counter indemnity duly signed by the customer. (For one off cases only) 5. Annexure if any for Additional conditions with Customer Signature & Stamp.

11 Account Number. LC Reference No 5. Current Letter of Credit Amount & Tolerance if any. Amount of Increase / Decrease If any.. Revised Letter of Credit Amount to be filled if amount of Increase / Decrease is filled.. Revised Expiry Date. Revised Shipment Date 0. Other Changes Required, if any. Charges 2. Customer Signature & Stamp. Incase of Increase in LC amount - Revised Proforma Invoice / Purchase Order / Amended Insurance Policy required

12 Account Number (For proceeds to be credited). RAKBANK Reference Number (if any) 5. Issuing Bank LC ref No.. Issue Date. LC Amount. Issuing Bank Name. Tenor 0. Bill Amount. List of Docs enclosed 2. Document Handling Instructions. Account no. for Charges (This is required only if the above account no. is different). Discounting if required for Usance LC 5. Customer Signature & Stamp 5. Documents enclosed as per the Application. 2. If discounting required, Application for Application for Export Letter of Credit Discounting must be submitted.

13 Account Number. RAKBANK Reference Number 5. Invoice Number. Due Date. Bill Amount. Issuing Bank Name. LC Ref no. 0. LC date (Issue Date). LC amount 2. Customer Signature & Stamp Nil 2

14 2 5 (For proceeds to be credited). Account Number. Bill Amount 5. Drawee Details. Collecting Bank full details. Tenor. List of Documents Enclosed. Special instructions if any 0. Account no. for Charges (This is required only if the above account no. is different). Customer Signature & Stamp 0. Documents enclosed as per the Application. 2. Tenor if selected as D/A Bill of Exchange drawn on Drawee must be presented.

Guidelines for completion of APPLICATION FOR IRREVOCABLE DOCUMENTARY LETTER OF CREDIT

Guidelines for completion of APPLICATION FOR IRREVOCABLE DOCUMENTARY LETTER OF CREDIT Guidelines for completion of APPLICATION FOR IRREVOCABLE DOCUMENTARY LETTER OF CREDIT Dear valued customer, Please find below guidelines for completion of the APPLICATION FOR IRREVOCABLE DOCUMENTARY LETTER

More information

Frequently Asked Questions Trade Services

Frequently Asked Questions Trade Services Frequently Asked Questions Trade Services IMPORT LETTER OF CREDIT What are the various forms of Import Services? (Payment instruments) in International Trade? There are two main options: Letter of Credit

More information

Import LC application form where Master Facility agreement (MFA) along with LC product schedule has been executed

Import LC application form where Master Facility agreement (MFA) along with LC product schedule has been executed Import LC application form where Master Facility agreement (MFA) along with LC product schedule has been executed To ICICI Bank Limited Branch Date: Place: I/We, the below mentioned Applicant, hereby request

More information

RAKfinance. Liability Certificate AED 500. Loan Statement Charges AED 500. Part Settlement of Loan

RAKfinance. Liability Certificate AED 500. Loan Statement Charges AED 500. Part Settlement of Loan RAKfinance Service and Price Guide with effect from 05-08-2015 Loan Processing Fee 2.50% of the loan amount* Liability Certificate AED 500 Loan Statement Charges AED 500 Early Settlement of Loan Business

More information

Trade Finance SME. Service and Price Guide with effect from 01-07-2015. Sight or Usance 0.20% per month (Minimum 0.60% but not less than AED 350)

Trade Finance SME. Service and Price Guide with effect from 01-07-2015. Sight or Usance 0.20% per month (Minimum 0.60% but not less than AED 350) Trade Finance SME Import Documentary Letters Of Credit Issuance: Sight or Usance 0.20% per month (Minimum 0.60% but not less than AED 350) Back to Back Letter of Credit Revolving Letter of Credit Standby

More information

Accounts Current account minimum monthly average balance

Accounts Current account minimum monthly average balance Schedule of Charges Accounts Current account minimum monthly average balance Call deposit minimum monthly average balance AED 100,000 or equivalent, by arrangement for customers with facilities AED 250,000

More information

Letters of Credit. A Guide to Letters of Credit

Letters of Credit. A Guide to Letters of Credit Letters of Credit A Guide to Letters of Credit These manuals are created as resource guides for members of Saskatchewan Trade and Export Partnership (STEP). For more information on these manuals please

More information

Back To Back Documentary Credits. Revolving Documentary Credits. Amendments to Documentary Credit

Back To Back Documentary Credits. Revolving Documentary Credits. Amendments to Documentary Credit Trade Products tariff effective 1 st November 2015 IMPORTS Irrevocable Documentary Letter of Credit (LC) - Issuance LC issuance commission for normal Irrevocable LCs Standby Documentary Credits Standby

More information

A GuiDe to DoCumentArY Business. Documentary Credits and Collections.

A GuiDe to DoCumentArY Business. Documentary Credits and Collections. A GuiDe to DoCumentArY Business. Documentary Credits and Collections. Contents. The Documentary Collection. Documentary collection process. 7 General information. 7 The collection order. 8 What you should

More information

DRAFT LC COPY IRREVOCABLE/CONFIRMED/TRANSFERABLE SIGHT RDLC UCPC 2007 LATEST VERSION & LATEST VERSON OF ICC PUBLICATION 600.

DRAFT LC COPY IRREVOCABLE/CONFIRMED/TRANSFERABLE SIGHT RDLC UCPC 2007 LATEST VERSION & LATEST VERSON OF ICC PUBLICATION 600. DRAFT LC COPY 40A FORM OF DOCUMENTARY CREDIT TYPE 20 TRANSACTION REF NO. IRREVOCABLE/CONFIRMED/TRANSFERABLE SIGHT RDLC UCPC 2007 LATEST VERSION & LATEST VERSON OF ICC PUBLICATION 600. 31C DATE OF ISSUE

More information

Emirates NBD Trade Finance Tariff Effective 22.06.2011 IMPORTS

Emirates NBD Trade Finance Tariff Effective 22.06.2011 IMPORTS Emirates NBD Trade Finance Tariff Effective 22.06.2011 IMPORTS DC Issuance Commission Standard Irrevocable DC First AED 100,000 0.125 % per month(minimum 3 months) Remaining DC value 0.0625 % per month(minimum

More information

DOCUMENTS USED IN FOREIGN TRADE

DOCUMENTS USED IN FOREIGN TRADE Chapter No. 2 Page No. 30 DOCUMENTS USED IN FOREIGN TRADE COMMERCIAL INVOICE. BILLS OF LADING / AIRWAY BILL. MARINE INSURANCE POLICY AND CERTIFICATE. BILLS OF EXCHANGE. CONSULAR INVOICE. CUSTOMS INVOICE.

More information

INTERNATIONAL TRADE FINANCE SERVICES

INTERNATIONAL TRADE FINANCE SERVICES INTERNATIONAL TRADE FINANCE SERVICES DOCUMENTARY LETTERS OF CREDIT A PRACTICAL GUIDE CONTENTS LETTERS OF CREDIT SIMPLY DEFINED.............................................2 BENEFITS OF A LETTER OF CREDIT...............................................3

More information

DOCUMENT PREPARATION UNDER LETTERS OF CREDIT

DOCUMENT PREPARATION UNDER LETTERS OF CREDIT There are some universal requirements, including those listed below: DOCUMENT PREPARATION UNDER LETTERS OF CREDIT Document: THE LETTER OF CREDIT it is the correct referenced letter of it is still valid

More information

Trade Services Service & Price Guide

Trade Services Service & Price Guide Trade Services Service & Price Guide Version1: April-2014 Standard pricing applicable for Trade Services (applicable for Wholesale Banking / Transaction Banking / SME & Consumer Banking Clients of Standard

More information

A Guide to Letters of Credit. Import Export

A Guide to Letters of Credit. Import Export A Guide to Letters of Credit Import Export Table of Contents Introduction 2 Parties Involved in a Letter of Credit 3 What is a Letter of Credit? 4 Advantages and Disadvantages of Using a Letter of Credit

More information

payment options letters of credit documentary collections import financing bankers acceptances incoterms

payment options letters of credit documentary collections import financing bankers acceptances incoterms Importers Handbook payment options letters of credit documentary collections import financing bankers acceptances incoterms Importers Handbook Table of Contents Global Trade Services...1 Import Payment

More information

Contents. List of Tables. List of Figures. Preface. About the Authors. Acknowledgements

Contents. List of Tables. List of Figures. Preface. About the Authors. Acknowledgements Contents List of Tables List of Figures Preface About the Authors Acknowledgements Glossary xii xiii xv xvii xviii xix 1 International Trade and Inherent Risks 1 Background of International Trade 1 Exporters

More information

CHAPTER 21 OPENING IMPORT LETTERS OF CREDIT

CHAPTER 21 OPENING IMPORT LETTERS OF CREDIT CHAPTER 21 OPENING IMPORT LETTERS OF CREDIT 1 CHAPTER 21 OPENING IMPORT LETTERS OF CREDIT INDEX Para No TOPIC Page No 21 Opening of Import Letters of Credit 4 21 1 Opening of LC 4 21 1 1 Procedure for

More information

BEST FORMS OF MONEY TRANSFER AND PAYMENT CONDITIONS

BEST FORMS OF MONEY TRANSFER AND PAYMENT CONDITIONS BEST FORMS OF MONEY TRANSFER AND PAYMENT CONDITIONS BEST FORM FOR MONEY TRANSFER FORMS OF MONEY TRANSFER INTRODUCTION: Sending or receiving money for either payment of salaries, settlement of business

More information

INCOTERMS 2010. International Commercial Terms by the ICC (International chamber of commerce)

INCOTERMS 2010. International Commercial Terms by the ICC (International chamber of commerce) INCOTERMS 2010 International Commercial Terms by the ICC (International chamber of commerce) Who is responsible and has to pay the damage/loss?? PURPOSE OF INCOTERMS To provide a set of international

More information

Westpac WinTrade User Guide Import Letters of Credit Westpac Banking Corporation ABN 33 007 457 141 incorporated in Australia (New Zealand division).

Westpac WinTrade User Guide Import Letters of Credit Westpac Banking Corporation ABN 33 007 457 141 incorporated in Australia (New Zealand division). Westpac WinTrade User Guide Import Letters of Credit Westpac Banking Corporation ABN 33 007 457 141 incorporated in Australia (New Zealand division). Westpac Banking Corporation 2008 This document is copyright

More information

Incoterms 2010. The latest update of the Incoterms have entered into force on 01 January 2011, known as Incoterms 2010

Incoterms 2010. The latest update of the Incoterms have entered into force on 01 January 2011, known as Incoterms 2010 The latest update of the Incoterms have entered into force on 01 January 2011, known as Incoterms 2010 The valid Incoterms as from 01 January 2010:- 1. EXW = Ex Works / all modes 2. FCA = Free Carrier

More information

Incoterms A practical guide to Incoterms 2010

Incoterms A practical guide to Incoterms 2010 Incoterms 2010 A practical guide to Incoterms 2010 When negotiating an international sales contract, you need to pay as much attention to the terms of sale as to the sale price. Minimize confusion by using

More information

SBS - Schedule of charges

SBS - Schedule of charges Account charges Minimum balance required Fall below fee on breach of minimum balance Debit card issuance Debit card replacement Cheque book issuance Customized cheque book Fixed deposit (premature closure)

More information

Dutiable Shipments to, Russia. Service available only to Commercial Importers in Russia

Dutiable Shipments to, Russia. Service available only to Commercial Importers in Russia Dutiable Shipments to, Russia. Service available only to Commercial Importers in Russia Strengthened control measures introduced by the Customs authorities in Russia (March 2010) to verify the full compliance

More information

TYPE THIS ON YOUR LETTER HEAD. The Managing Director, Karnataka State Agricultural Produce Processing and Export Corporation Limited, Bangalore.

TYPE THIS ON YOUR LETTER HEAD. The Managing Director, Karnataka State Agricultural Produce Processing and Export Corporation Limited, Bangalore. TYPE THIS ON YOUR LETTER HEAD The Managing Director, Karnataka State Agricultural Produce Processing and Export Corporation Limited, Bangalore. Dear Sir, Sub : Registration of our Company / Firm for Export

More information

INCOTERMS 2010 ANY MODE OF TRANSPORT. EXW (insert named place of delivery) Incoterms 2010

INCOTERMS 2010 ANY MODE OF TRANSPORT. EXW (insert named place of delivery) Incoterms 2010 EXW (insert named place of delivery) Incoterms 2010 EXW The only responsibility of the seller is to places the goods at the disposal of the buyer at the seller s premises or at the named place. The buyer

More information

Incoterms 2010 Workshop. November 2010

Incoterms 2010 Workshop. November 2010 Incoterms 2010 Workshop AGENDA Introduction to the International Trade Terms Trade Terms: EXW; FCA; FAS; FOB; CFR; CIF Trade Terms: CPT; CIP; DAT; DAP;DDP Important Notes on Obligations, Risks and Exposure

More information

ICICI Bank Limited Hong Kong Branch Service Charges

ICICI Bank Limited Hong Kong Branch Service Charges Hong Kong ICICI Bank Limited Hong Kong Branch Service Charges with effect from November 01, 2013 GENERAL, DEPOSIT ACCOUNT & REMITTANCE SERVICES GENERAL SERVICES Banker s Endorsement a. Each endorsement

More information

11/11. Trade Services Service & Price Guide

11/11. Trade Services Service & Price Guide 11/11 Trade Services Service & Price Guide Standard Pricing applicable for Trade Services (applicable for Wholesale Banking / Transaction Banking / SME & Consumer Banking Clients of Standard Chartered

More information

REQUEST FOR LETTER OF CREDIT NEGOTIATION

REQUEST FOR LETTER OF CREDIT NEGOTIATION REQUEST FOR LETTER OF CREDIT NEGOTIATION ORIGINAL COPY 1 To : We enclose the following documents drawn under the Letter of Credit mentioned below for negotiation/payment from the Issuing Bank. Date : BANK

More information

LETTERS OF CREDIT How to avoid discrepancies and expedite payment Presented by: Trade Technologies Barbara Trupkin Director Global Sales

LETTERS OF CREDIT How to avoid discrepancies and expedite payment Presented by: Trade Technologies Barbara Trupkin Director Global Sales LETTERS OF CREDIT How to avoid discrepancies and expedite payment Presented by: Trade Technologies Barbara Trupkin Director Global Sales 1 AGENDA International Payment Risk International Payment Mechanisms

More information

OUTLINE TO GUIDE 02 GUIDE TO INCOTERMS

OUTLINE TO GUIDE 02 GUIDE TO INCOTERMS GUIDE TO INCOTERMS GUIDE TO INCOTERMS ACE INA Insurance has produced this Guide to Incoterms as a simplified and convenient quick reference. Before accepting any form of contractual liability you must

More information

CIF Cost, Insurance & Freight

CIF Cost, Insurance & Freight CIF Cost, Insurance & Freight Cost, Insurance and Freight means that the seller delivers when the goods pass the ship's rail in the port of shipment. The seller must pay the costs and freight necessary

More information

MAYBANK CHINA BRANCH. (Aug.2015)

MAYBANK CHINA BRANCH. (Aug.2015) FEES & CHARGES FOR FOREIGN CURRENCY BUSINESS A) IMPORTS 1. Issuance of Documentary L/C 0.25% on 1 st USD50,000.00 0.125% on balance in excess of USD 50,000.00 Minimum USD50.00 Cable charge USD60.00 2.

More information

Optimizing Payment Cycles for Trade Payables and Receivables

Optimizing Payment Cycles for Trade Payables and Receivables Optimizing Payment Cycles for Trade Payables and Receivables Houston Treasury Management Association Space City Cash Conference September 2013 Madeline Sprague, HSBC Bank USA, N.A. Global Trade & Receivables

More information

HSBC UAE Corporate Tariff and Charges

HSBC UAE Corporate Tariff and Charges HSBC UAE Corporate Tariff and Charges Issued by HSBC Bank Middle East Limited, P.O. Box 66, Dubai, UAE. Regulated by the Jersey Financial Services Commission and the Central Bank of the United Arab Emirates.

More information

The attached is a draft of the type of working capital facility document that National Australia Bank, Mumbai branch, might enter into with its

The attached is a draft of the type of working capital facility document that National Australia Bank, Mumbai branch, might enter into with its The attached is a draft of the type of working capital facility document that National Australia Bank, Mumbai branch, might enter into with its customers. The draft is not meant to be, nor should it be

More information

ICC MODEL INTERNATIONAL SALE CONTRACT (Manufactured Goods Intended for Resale)

ICC MODEL INTERNATIONAL SALE CONTRACT (Manufactured Goods Intended for Resale) ICC MODEL INTERNATIONAL SALE CONTRACT (Manufactured Goods Intended for Resale) A. SPECIFIC CONDITIONS These specific Conditions have been prepared in order to permit the parties to agree the particular

More information

INCOTERMS 2010 INTERNATIONAL COMMERCIAL TERMS

INCOTERMS 2010 INTERNATIONAL COMMERCIAL TERMS INCOTERMS 2010 INTERNATIONAL COMMERCIAL TERMS (CONTRACT OF SALE) Incoterms Key elements of international contracts of sale. They tell the parties what to do with respect to carriage of the goods from buyer

More information

Tamil Nadu Technology Development & Promotion Center

Tamil Nadu Technology Development & Promotion Center Financial Institutions in Food Business Day 3, Plenary Session I, 1000 Hrs-1115 Hrs, 19 th Dec 2009, MSME DI,Guindy, Chennai Presented By: H M Sathyamurthy Tamil Nadu Technology Development & Promotion

More information

(International Commercial Terms)

(International Commercial Terms) INCOTERMS 2010 INCOTERMS 2010 (International Commercial Terms) Regardless of whether you send something to a customer or order something from a supplier, your freight must arrive on time; otherwise you

More information

SCHEDULE OF CHARGES & FEES

SCHEDULE OF CHARGES & FEES Twelfth Edition Effective 29th August 2014 Dear Customer, We are pleased to detail herewith our standard Schedule of Charges & Fees, which is applicable for transactions carried out by Bank of Maldives

More information

Global Transaction Services

Global Transaction Services 0 Global Transaction Services Cash Management Trade Services and Finance Securities Services Fund Services Unlocking the Benefits of Export Letters of Credit Phyllis Kai-Kee Director/Global Product Manager

More information

Schedule of Fees, Commission and Charges Effective from January 01, 2012 Circular No: BASIC/HO/TD/2011/05 dated Tuesday, December 27, 2011

Schedule of Fees, Commission and Charges Effective from January 01, 2012 Circular No: BASIC/HO/TD/2011/05 dated Tuesday, December 27, 2011 1.0 Account related Charges/Fees General Banking 1.01 Account Maintenance Fee Current Deposit (CD) Account Tk. 400.00 (1/2 yearly) Special Notice Deposit (SND) Account Tk. 300.00 (1/2 yearly) C) Savings

More information

CUSTOMER JOURNEY GUIDE - BUSINESS FINANCE

CUSTOMER JOURNEY GUIDE - BUSINESS FINANCE CUSTOMER JOURNEY GUIDE - BUSINESS FINANCE Contents 1. Client Discovery Phase 5 2. QDB Direct Financing Application Preparation 7 3. Submit Application for Review & Approval 9 4. Financing Approval 11 5.

More information

Managing Credit Risk in International Trade

Managing Credit Risk in International Trade Risk in Overview Chapter 15 Managing Credit Risk in Overview Risk in Overview Simple solutions and their risks bills Payments: Credit: The Letter of Credit Advising/Confirming a L/C Factoring Credit insurance

More information

TRADE LOGISTICS / Incoterms. GUIDE TO Incoterms

TRADE LOGISTICS / Incoterms. GUIDE TO Incoterms 93 GUIDE TO Incoterms International Commercial Terms When global companies enter into contracts to buy and sell goods they are free to negotiate specific terms. These terms include the price, quantity,

More information

5. Transporting your Product to the EU

5. Transporting your Product to the EU 5. Transporting your Product to the EU 5.1 Logistics and Shipping General requirements It is extremely important to choose the right shipping method. Exporters have a number of options to transport goods

More information

DSV Air & Sea Inc. Incoterms 2010 Introduction Guidelines

DSV Air & Sea Inc. Incoterms 2010 Introduction Guidelines DSV Air & Sea Inc. Incoterms 2010 Introduction Guidelines Contents Section Page 1 What do I need to know about Incoterms 2010? 3 2 What is Incoterms 2010 and how does it differ from Incoterms 2000? 4 3

More information

Case Study: Functional Overview on Letter of Credit

Case Study: Functional Overview on Letter of Credit Customer Submitted Case Studies Case Study: Functional Overview on Letter of Credit Author: Deepak Seeruwani, Consultant Contributors: Naveen Rangineni, Consultant Skill Level Rating for this Case Study:

More information

Incoterms An overview

Incoterms An overview Incoterms 2010- An overview Who Pays for what? Goods move across international borders because there has been a sale involving:- Seller Buyer Contract of sale should define the responsibilities of both

More information

Standard Operating Procedure

Standard Operating Procedure Calendario 2013 Please read regulations complete carefully. Heavy Fines are to be imposed to freight forwarders in case of on complying with HEAD OFFICE EURO SHIPPING SERVICES S.A. Nit: 830.048.268-5 Av.

More information

TARIFF AND CHARGES CORPORATE BANKING HSBC KUWAIT

TARIFF AND CHARGES CORPORATE BANKING HSBC KUWAIT TARIFF AND CHARGES CORPORATE BANKING HSBC KUWAIT HSBC Bank Middle East Limited, Kuwait Introduction HSBC Services Account Services Cheques Payments Imports Exports Factoring Guarantees Custody and Clearing

More information

Pricing Guide 2014 Vietnam

Pricing Guide 2014 Vietnam 5 Transaction Banking Pricing Guide 2014 Applicable for Corporate & Institutional Clients Effective from May 15, 2014 Contents Cash Management: Account Services 2 Cash Management: Payments 5 Cash Management:

More information

TARIFF AND CHARGES CORPORATE BANKING HSBC LEBANON

TARIFF AND CHARGES CORPORATE BANKING HSBC LEBANON TARIFF AND CHARGES CORPORATE BANKING HSBC LEBANON HSBC Bank Middle East Limited, Lebanon Introduction Dear Customer, At HSBC, we believe that you, our customer, should be made fully aware of the fees that

More information

Australian Customs Cargo Advice

Australian Customs Cargo Advice Australian Cargo Advice Incoterms 2010 Number 2010/13 This notice is to advise that the International Chamber of Commerce (ICC) has revised Incoterms 2000 to reflect changes in international and domestic

More information

INCO Terms LIBERTY-TERMINALS.COM INDEX

INCO Terms LIBERTY-TERMINALS.COM INDEX 2055 Col. Cole Drive Post Office Box 2775 Georgetown, SC 29442 U.S.A. Phone: (+1 843-527-3552 Fax: +1 843-527-3554 Email: managament@liberty-terminals.com INCO Terms INDEX Ex Works (EXW)... 2 Free Carrier

More information

EXW (insert named place of delivery) Incoterms 2010

EXW (insert named place of delivery) Incoterms 2010 RULES FOR ANY MODE OR MODES OF TRANSPORT EX WORKS EXW (insert named place of delivery) Incoterms 2010 GUIDANCE NOTE This rule may be used irrespective of the mode of transport selected and may also be

More information

INTERNATIONAL TRADE FLOW DIAGRAMS

INTERNATIONAL TRADE FLOW DIAGRAMS The structure of Incoterms (Copyright INCOTERMS) : Group E Departure Main Carriage Unpaid Group C : Main Carriage Paid Arrival : EXW Ex Works (... named place) FCA Free Carrier (... named place) FAS Free

More information

Shipping Instructions for BRASEG May 20 to 22, 2009 Expominas Belo Horizonte - MG - Brazil

Shipping Instructions for BRASEG May 20 to 22, 2009 Expominas Belo Horizonte - MG - Brazil Shipping Instructions for BRASEG May 20 to 22, 2009 Expominas Belo Horizonte - MG - Brazil 1) Introduction...02 2) Deadlines...02 3) Necessary Documentation...02 4) Consignment Instructions...03 A Direct

More information

Chapter 8 EXPORTS and IMPORT FINANCING

Chapter 8 EXPORTS and IMPORT FINANCING Chapter 8 EXPORTS and IMPORT FINANCING Form of Trade Financing Direct form Loan to finance purchases Prepayment by buyers (sometimes in the form of red clause L/C) Delayed payment by sellers Indirect form

More information

What are Incoterms? Any mode of transport: Sea and inland waterway transport (only): CIP - Carriage and Insurance Paid

What are Incoterms? Any mode of transport: Sea and inland waterway transport (only): CIP - Carriage and Insurance Paid What are Incoterms? International Commerce Terms (Incoterms) are an internationally recognised standard trade terms that set out buyer and seller responsibilities. Incoterms are maintained and developed

More information

INCOTERMS 2000 EX WORKS (EXW)

INCOTERMS 2000 EX WORKS (EXW) INCOTERMS 2000 The purpose of Incoterms 2000 is to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign trade. Thus, the uncertainties of different

More information

Canada Export Requirements Incoterms

Canada Export Requirements Incoterms Canada Export Requirements Incoterms Topics of Discussion Canada export requirements Terms of sale Insurance Documentation Export Process Are there export restrictions? What are the import conditions?

More information

INCOTERMS 2010 INDEX

INCOTERMS 2010 INDEX CHAPTER 30 INCOTERMS 2010 1 CHAPTER 30 INCOTERMS 2010 INDEX Para No TOPIC Page No 30 Introduction 3 30 1 EX Works (EXW) 4 30 2 Free Carrier (FCA) 4 30 3 Free Alongside Ship (FAS) 5 30 4 Free on Board (FOB)

More information

MIZUHO BANK, LTD. TERMS AND CONDITIONS Bank s Service Charge and Fee BANGKOK BRANCH. 16 March 2016. Page 1 of 14

MIZUHO BANK, LTD. TERMS AND CONDITIONS Bank s Service Charge and Fee BANGKOK BRANCH. 16 March 2016. Page 1 of 14 MIZUHO BANK, LTD. BANGKOK BRANCH TERMS AND CONDITIONS Bank s Service Charge and Fee 16 March 2016 Page 1 of 14 A: COMMON CHARGES Audit Confirmation Balance Confirmation Bank Certificate Certify copy of

More information

INCOTERMS 2015. The current set of Incoterms is Incoterms 2010. A copy of the full terms is available from the International Chamber of Commerce.

INCOTERMS 2015. The current set of Incoterms is Incoterms 2010. A copy of the full terms is available from the International Chamber of Commerce. INCOTERMS 2015 An overview International Commercial Terms ( Incoterms ) are internationally recognized standard trade terms used in sales contracts. They re used to make sure buyer and seller know: Who

More information

Global Transaction Services

Global Transaction Services Global Transaction Services Cash Management Trade Services and Finance Securities and Fund Services Maximizing the Benefits of Export Letters of Credit: A Risk Mitigation Tool William E. Morrissey Director

More information

Global Transaction Services

Global Transaction Services Global Transaction Services Cash Management Trade Services and Finance Securities Services Fund Services Assuring Quick Payments under Export Letters of Credit February 28, 2007 These materials are provided

More information

The Commercial Invoice and INCOTERMS. Swanchester Group

The Commercial Invoice and INCOTERMS. Swanchester Group 1 The Commercial Invoice and INCOTERMS Swanchester Group Introduction Documents in International Trade 2 The Commercial Invoice Types of Invoices INCOTERMS Documents in International Trade The Commercial

More information

Incoterms 2000 Enterprise Europe Network London August 2010

Incoterms 2000 Enterprise Europe Network London August 2010 Incoterms 2000 Enterprise Europe Network London August 2010 CONTENTS 1. What are Incoterms?... 3 2. How to incorporate Incoterms into your contract?... 3 3. Who chooses the applicable Incoterm rule?...

More information

CUSTOMER JOURNEY GUIDE Direct Finance

CUSTOMER JOURNEY GUIDE Direct Finance CUSTOMER JOURNEY GUIDE Direct Finance 1 Welcome to QDB When you visit QDB, the reception desk will direct you to our Advisory team who will guide you through your journey based on where you currently are:

More information

INCO Terms. The seven rules defined by Incoterms 2010 for any mode(s) of transportation are:

INCO Terms. The seven rules defined by Incoterms 2010 for any mode(s) of transportation are: INCO Terms INCO Terms The seven rules defined by Incoterms 2010 for any mode(s) of transportation are: EXW: Ex Works (named place of delivery) The seller makes the goods available at its premises. This

More information

RATE SHEET OF STATE BANK OF INDIA, RETAIL BRANCH, BAHRAIN. Deposit Accounts

RATE SHEET OF STATE BANK OF INDIA, RETAIL BRANCH, BAHRAIN. Deposit Accounts RATE SHEET OF STATE BANK OF INDIA, RETAIL BRANCH, BAHRAIN Deposit Accounts Name of Scheme Monthly Minimum Balance Minimum Balance Charges Savings Bank BHD 20.000 BHD 1.000 per month* Savings Plus BHD 200.000

More information

Index. call options 102 cap and floor options 103 capital goods 125 capital markets 145 capital risk 111 cargo insurance 16

Index. call options 102 cap and floor options 103 capital goods 125 capital markets 145 capital risk 111 cargo insurance 16 Index acceptance 50 accessory obligation 71 Act of God 24 advance payment 35 advance payment guarantee 77 adverse business risks 20 advising bank 48, 73 air waybill 43 amendments 55 annuities 150 anti-corruption

More information

AUDIT OF FOREIGN EXCHANGE TRANSACTIONS

AUDIT OF FOREIGN EXCHANGE TRANSACTIONS AUDIT OF FOREIGN EXCHANGE TRANSACTIONS 1.00 INTRODUCTION : The Foreign Exchange Management Act (FEMA) was an act passed by Parliament in 1999 which replaced Foreign Exchange Regulation Act. The most important

More information

INTERNATIONAL SHIPPING POLICY 2012

INTERNATIONAL SHIPPING POLICY 2012 INTERNATIONAL SHIPPING POLICY 2012 The following is a checklist of information that must be listed on any International Purchase Order before it is accepted and processed. Name and invoicing address of

More information

STANDARD BANK LTD. International Division, Head Office

STANDARD BANK LTD. International Division, Head Office Revised Schedule of RELATING TO FOREIGN EXCHANGE TRANSACTION has been prepared complying BRPD Circular No. 19 Dt. 22.12.2009 & No. 09 Dt. 14.02.2010 WEF 01-08- 2013. A. IMPORT SL TYPES OF SERVI CES NATURE

More information

Minimum / Maximum charge

Minimum / Maximum charge TABLE OF COMMISSIONS AND CHARGES CONCERNING PERSONAL AND COMMERCIAL ACCOUNTS CHARGES FOR CREDIT FACILITIES (CURRENT ACCOUNTS / LOANS) Documentation fees 75 80 150 Fixed charge for Individuals / Small Businesses

More information

INCOTERMS International Law Institute International Procure Seminar Washington, DC March 7, Pierce Lee

INCOTERMS International Law Institute International Procure Seminar Washington, DC March 7, Pierce Lee Practical Issues in International Contracts and Trade Mechanics of Payment and Delivery INCOTERMS 2010 International Law Institute International Procure Seminar Washington, DC March 7, 2014 Pierce Lee

More information

PROFILE INDEX. Introduction 3. Key Definitions 4. Features & Benefits 5. Standard Operating Procedure 6. Service Process 7. Service Undertaking 8

PROFILE INDEX. Introduction 3. Key Definitions 4. Features & Benefits 5. Standard Operating Procedure 6. Service Process 7. Service Undertaking 8 COMPANY PROFILE PROFILE INDEX Introduction 3 Key Definitions 4 Features & Benefits 5 Standard Operating Procedure 6 Service Process 7 Service Undertaking 8 Contact Details 9 Trade Finance Glossary 10 Page

More information

Tariffs and Charges HBON Commercial Banking & Global Banking

Tariffs and Charges HBON Commercial Banking & Global Banking Tariffs and Charges HBON Commercial Banking & Global Banking Issued by HSBC Bank Oman S.A.O.G, P.O. Box 1727, PC 111, CPO-Seeb, Sultanate of Oman. General Conditions 1. The charges/fees listed in this

More information

NATIONAL DEVELOPMENT BANK PLC

NATIONAL DEVELOPMENT BANK PLC NATIONAL DEVELOPMENT BANK PLC TARIFF BOOKLET Revised May 2014 Product Development & Management Unit THE RATES AND CHARGES CONTAINED HEREIN ARE SUBJECT TO CHANGE Contents General Information... 3 1. CURRENT

More information

HOW TO SHIP TO AUTOLIV BRAZIL

HOW TO SHIP TO AUTOLIV BRAZIL HOW TO SHIP TO AUTOLIV BRAZIL 1 INTRODUCTION... 2 1.1 Purpose... 2 1.2 Main Contact People... 2 1.3 Shipping Possibilities... 2 2 GETTING STARTED... 3 2.1 Mandatory documents for shipping to Autoliv Brazil...

More information

Application for a Standby Letter of Credit

Application for a Standby Letter of Credit Application for a Standby Letter of Credit Please complete this form, referring to the inserted guidance notes for assistance. Upon completion, please send to your Relationship Manager or Trade Centre.

More information

LECTURE No.9 INSTRUMENTS OF PAYMENT

LECTURE No.9 INSTRUMENTS OF PAYMENT LECTURE No.9 INSTRUMENTS OF PAYMENT Cash and cash instruments The cashier s work consists in receiving cash and cash instruments such as cheques and other instruments ( documents of title to cash ) in

More information

BAFT-IFSA Product Definitions for Traditional Trade Finance Publication Date: May 2011

BAFT-IFSA Product Definitions for Traditional Trade Finance Publication Date: May 2011 BAFT-IFSA BAFT-IFSA Product Definitions for Traditional Trade Finance Publication Date: May 2011 1 BAFT-IFSA Product Definitions for Traditional Trade Finance Section 1: Introduction Banks have long provided

More information

Appendix 16 Trade Finance

Appendix 16 Trade Finance Appendix 16 Trade Finance Trade finance is the term used to describe the means by which companies finance and secure payment for the provision of goods and services. It is usually used to describe international

More information

APPENDIX V: INTERNATIONAL COMMERCIAL TERMS (INCO)

APPENDIX V: INTERNATIONAL COMMERCIAL TERMS (INCO) APPENDIX V: INTERNATIONAL COMMERCIAL TERMS (INCO) INCOTERMS (INternational COmmercial Terms) 2000, published by the International Chamber of Commerce (2000 pub 560), are the most commonly accepted terms

More information

Corporate price guide

Corporate price guide Corporate price guide All services and applicable tariffs are subject to change by without notice at its sole discretion. Please check specific tariffs with appropriate bank staff. The services listed

More information

INCOTERMS 2010 AN INTRODUCTION

INCOTERMS 2010 AN INTRODUCTION AN INTRODUCTION 1 Copyright CargocandisFĂĽrst WHAT THEY ARE Incoterms is an abbreviation of International Commercial Terms Incoterms are published by the International Chamber of Commerce First published

More information

MIZUHO BAN K, LTD. BANGKOK BRANCH

MIZUHO BAN K, LTD. BANGKOK BRANCH MIZUHO BAN K, LTD. BANGKOK BRANCH 18 th Floor, TISCO Tower, 48 North Sathorn Road, Silom, Bangrak, Bangkok 10500 Telephone: 0-2638-0190-92 (Direct) Fax: 0-2638-0220 TERMS AND CONDITIONS Bank s Service

More information

Contact details and instructions for trade transactions.

Contact details and instructions for trade transactions. Contact details and instructions for trade transactions. Rabobank Nederland - Trade Services Contact details Delivery trade transactions For new transactions please use the online transaction service Rabo

More information

INDIA INTERNATIONAL BANK MALAYSIA BERHAD (911666-D)

INDIA INTERNATIONAL BANK MALAYSIA BERHAD (911666-D) Treatment of GST on the Bank s Fees and Charges No Channel Transaction Type Fees and Charges Type of 1. Credit Administration Loan Financing Loan Processing fee Commitment Fee OS-Out of Scope (Punitive

More information

Pricing Schedule. Effective from 1 st January 2015. Page

Pricing Schedule. Effective from 1 st January 2015. Page 1 TABLE OF CONTENTS 1. ACCOUNTS SERVICES 4 1.1. CURRENT ACCOUNT 4 1.2. CALL DEPOSITS INTEREST 4 1.3. TIME DEPOSITS INTEREST 5 1.4. EARLY REDEMPTION ON TIME DEPOSIT 5 2. GENERAL SERVICES 6 2.1. CASHIER

More information

P&T / Courier Charges SWIFT / SFMS Charges / Any Particulars. additional communication / Conditions/Exemptions. Inward LCs 1 Export LCs

P&T / Courier Charges SWIFT / SFMS Charges / Any Particulars. additional communication / Conditions/Exemptions. Inward LCs 1 Export LCs nneexure to the Circular no. IDBI Bank/2014-15/691/CBG/TF/89 Dated March 31, 2015 Schedule of Charges for Trade Finance Transactions (With effect from 01 pril 2015) Sl. SWIFT / SFMS Charges / ny Inward

More information

METHODS OF PAYMENT OR SETTLEMENT

METHODS OF PAYMENT OR SETTLEMENT METHODS OF PAYMENT OR SETTLEMENT Objectives: After studying this chapter you should be able to understand: 4.1 Advance payment 4.2 Open account 4.3 Documentary collections Some of the inherent risks involved

More information