In L.CBENEFICIARY SELLERAPPLICANT BUYER
INTERSHIPREPORT on NBP BY shaheryar ISSUING BANK The Bank that issues the LC which is generally in the country of the Buyer. Advising Bank The Bank that Advises the LC to the Seller which is generally in the country of the Seller. DOCUMENTS OF L.C FINANCIAL TRADITIONAL COMMERCIALFINANCIAL DOCUMENTSBill of exchange;TRANSCTIONAL DOCUMENTSBill of ladingAirway billRailway billCourier receiptCOMMERCIAL DOCUMENTS Commercial invoicesPacking listCertificate of originQuality certificateTypes of L/CAt SightNet payment is paid to exporter by importer, time period is not involved.AT USENCEIn this type, time period is involved. And net payment is not paid but in futureNBP TRADE SERVICES FOR IMPORTER AND EXPORTERNBP Financial Institutions & Cash Management Division (FI & CMD) division provides global trade services &solutions in the major financial hubs; we offer complete solution for importers as well as exporters. The services offeredcovers: Letter of CreditAdvisingConfirmation
INTERSHIPREPORT on NBP BY shaheryar Negotiation/DiscountingReimbursementPayment ServicesElectronic Payment / MT103Fund Transfer / MT 202Structured Trade FinanceRisk ParticipationFI LendingBridge/Project FinanceSERVICE OFFER FOR EXPORTERNBP finances & manages export receivables and monitors your business worldwide plus ensures prompt payments andprompt delivery of information.Document presentation and payment services:NBP team of experts can expedite the preparation,presentation of documentation & collection of receivables.Pre– and post–shipment financing:Sell on both letter of credit and open account payments; reduce paymentcycles; enhance access to liquidity and eliminate routine inquiries..Export bills collection service:Combine courier delivery of open receivables letters, payment tracing,reporting and received funds. Concentrated approach to quickly deposit the funds due from export receivablesinto your account while keeping you informed of paid and open items. Along with fine rebate offers; ExportBills Collection financing is also available for valued clients.Services Offered for ImportersCompanies importing goods need to mitigate cross–border trading risks, increase cash flows and operating efficiencies. NBP experienced & efficient team helps you to compete more effectively on a worldwide basis with trade financesolutions tailored to your specific needs as an importer. Import services include:Documentary CreditsImport FinanceShipping GuaranteesNBP also offer traditional trade finance solutions that suits your requirement including private label letters of credit,import documentary collections, banker's acceptances and standby letter of credits.
INTERSHIPREPORT on NBP BY shaheryar NBP is everywhere, our local & global reach enable us to provide you offshore & onshore Cash Management Serviceswith an aim:REMMITTANCE DEPARTMENT
You've reached the end of your free preview.
Want to read all 68 pages?
- Fall '17
- mam serat
- NBP, Banks of Pakistan, INTERSHIP REPORT, NBP BY shaheryar