Export
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Publicado: 20 de noviembre de 2012
CRITICAL I Test 1
Explain the export process step by step. Merchandise: Peaches Destination: Japan L/C: Untransf/ Irrev/ Red Clause/ Advised.
Contact Prior to the Deal
1.The Japanese importercontacts a Chilean agent to buy peaches. The Chilean agent gets quotes from different producers and presents them to the importer. The importer selects the producer he wants to buy from.
2.-
3.- THE DEAL
4.- The agent and importer come to an agreement on the type of merchandise, transportation, type of packaging, form of payment and conditions, etc. 5.- INCOTERM: CIF 6.- Transportation:by vessel.
Contact Prior to the Deal
7.- Knowing the exact quantity of merchandise, the Chilean agent will get the quotes for the transportation, insurance and all the expenses related to theshipment of the merchandise.
The Pro-forma Invoice
8.- The agent makes the Pro-forma Invoice with all the details of the deal and sends it to the importer.
Request to Open a L /C
9.- Theimporter goes with the Proforma invoice to his bank to request the opening of a L/C
L/C Application
10.- The Opening Bank gives the importer an application of L/C to fill in with all the details of thetransaction.
Financial Status Verification
11.- The O.B. verifies the viability of the financial status of the importer and the transaction.
Approval of L/C
12.- The O.B. accepts theopening of the L/C and assigns it an I.D. number to make it official and, stamps it with RED CLAUSE
E-Mail to the Correspondent Bank
13.- The O.B. sends an e-mail to the Correspondent Bank to informthe opening of the L/C in favor of the agent plus the instructions about the conditions of the L/C and the documents.
Notifications
14.- The Correspondent Bank notifies the Advising Bank about theopening of the L/C and, this one notifies the agent.
The Draft
15.- The O.B. produces a draft and gives it to the importer. 16.- The importer sends the draft to the agent.
Money Transfer 1...
Explain the export process step by step. Merchandise: Peaches Destination: Japan L/C: Untransf/ Irrev/ Red Clause/ Advised.
Contact Prior to the Deal
1.The Japanese importercontacts a Chilean agent to buy peaches. The Chilean agent gets quotes from different producers and presents them to the importer. The importer selects the producer he wants to buy from.
2.-
3.- THE DEAL
4.- The agent and importer come to an agreement on the type of merchandise, transportation, type of packaging, form of payment and conditions, etc. 5.- INCOTERM: CIF 6.- Transportation:by vessel.
Contact Prior to the Deal
7.- Knowing the exact quantity of merchandise, the Chilean agent will get the quotes for the transportation, insurance and all the expenses related to theshipment of the merchandise.
The Pro-forma Invoice
8.- The agent makes the Pro-forma Invoice with all the details of the deal and sends it to the importer.
Request to Open a L /C
9.- Theimporter goes with the Proforma invoice to his bank to request the opening of a L/C
L/C Application
10.- The Opening Bank gives the importer an application of L/C to fill in with all the details of thetransaction.
Financial Status Verification
11.- The O.B. verifies the viability of the financial status of the importer and the transaction.
Approval of L/C
12.- The O.B. accepts theopening of the L/C and assigns it an I.D. number to make it official and, stamps it with RED CLAUSE
E-Mail to the Correspondent Bank
13.- The O.B. sends an e-mail to the Correspondent Bank to informthe opening of the L/C in favor of the agent plus the instructions about the conditions of the L/C and the documents.
Notifications
14.- The Correspondent Bank notifies the Advising Bank about theopening of the L/C and, this one notifies the agent.
The Draft
15.- The O.B. produces a draft and gives it to the importer. 16.- The importer sends the draft to the agent.
Money Transfer 1...
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