Name ID

Zafar Hossain (Group Leader) 133-066-0-451

Shaheen Shahed 133-063-0-451
Dil Mohammad Roni 133-064-0-451
Md. Niaz Murshed 133-068-0-451
Md. Mohsin Mollah 133-069-0-451
Mahadi Hasan Babu 133-067-0-451
Kamrul Hasan 133-065-0-451

IMPORT AND EXPORT PROCEDURE AND FINANCING OF
RGM
AT A GLANCE OUR ALL TOPICS
IMPORT & EXPORT
IMPORT PROCEDURE UNDER LC
IMPORT FINANCING
PRE SHIPMENT
POST SHIPMENT
EXPORT FINANCING
PRE-SHIPMENT
POST-SHIPMENT
SUBMISSION OF BTB LC APPLICATION
EDF (EXPORT DEVELOPMENT FUND)
IMPORT & EXPORT

An import is a good brought into a jurisdiction, especially across a national
border, from an external source. The party bringing in the good is called an
importer
The term export means shipping the goods and services out of the port of a
country. The seller of such goods and services is referred to as an "exporter"
and is based in the country of export whereas the overseas based buyer is
referred to as an "importer"
Import process
- PRE-ASSESSMENT FOR THE PROPOSED IMPORT FINANCE
- APPROVAL OF LCA FORM
- SUBMISSION OF LC APPLICATION FORM WITH FOLLOWING
REQUIRED PAPERS:
-- LCA FORM DULY SIGNED AND APPROVED
-- PRO FORMA INVOICE DULY SIGNED AND ACCEPTED
-- INSURANCE COVER NOTE
-- IMP FORM DULY SIGNED


3. LIM (Loan against imported merchandise): Its
also a short term loan. The controlling power and
ownership of merchandise goods possess by bank.
4. Cash credit (Hypothetic):
Imported goods control by owner but ownership of
goods hold by bank or financing organization.
5. Cash credit (Pledge):
Imported goods and its ownership both hold by bank or
financing organization


8. Deferred Payment
Its a non-funded credit facility. Bank gives acceptance on
behalf of importer.

PRE-SHIPMENT
1. Letter of credit
L/C by its self is an irrevocable. So no need to take
other authorized permission.
2. Cash Credit (Hypothecation)
Bank Provide Hypothecation Cash Credit to its
customer for day to day need of business. Enough
Insurance is required in favor of Bank. Interest will be
debited on monthly basis on all Cash Credit accounts.
3. Cash Credit (Pledge)
Bank Provide Pledge Cash Credit to its customer for stores their
goods in a warehouse for future trading purpose. Pledge Cash
Credit limit decides as per the valuation of goods stored in
warehouse. Pledge Cash Credit renew every year by the Bank.
4. Packing Credit
Packing credit is nothing but a pre shipment finance given to
exporters with a low interest rate to boost exports. Packing credit
is given by authorized bank by the instruction of Reserve Bank as
a government policy to promote exporters to earn foreign
currency to strengthen financial status of a country.
5. Back to Back L/C

Two letters of credit (LCs) used together to help a seller finance the
purchase of equipment or services from a subcontractor. With the
original LC from the buyer's bank in place, the seller goes to his own
bank and has a second LC issued, with the subcontractor as
beneficiary.

6. LIM
LIM is the short-term loan to the Importer, if he fails to retire the bill
within the stipulated time. In LIM, after releasing the goods from
the Customs authority, the possession of the goods remains with the
Bank
Purpose: To release the imported merchandise from the Customs
authority.

8. LATR
LTR is Post Shipment Import Trade finance given by the
Bank to the Importer. Difference is, in Lim, the possession of
the released goods remains under banks control but in LTR,
the Goods remains with the Importer.

Securities: 1. The Letter of Trust Receipt.
2. Other sufficient Securities.

In the Trust Letter the importer acknowledges that the
goods are held by him in trust for the Bank and agrees to
make over the sale proceeds to the Bank.
POST-SHIPMENT
Negotiation of Export Bills.
Time Loan.
Loan against Cash Incentive.
Loan against Duty Draw Back.
SUBMISSION OF BTB LC APPLICATION
LCA form duly signed and approved
Proforma invoice duly signed and accepted
Insurance cover note
IMP form duly signed
Master LC / contract (export order)
THANK YOU