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Exporter

Exporter

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Published by badarwyne

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Published by: badarwyne on Feb 15, 2013
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10/04/2013

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1
Bank of america merrill lynchSolutionS for exporterS
 
Ban of AmericaSolutions for Exporters
An Exporter’s Guide to Global Trade Services
 
Table of Contents
02
Bank of america merrill lynchSolutionS for exporterS
An Exporter’s Guide to Global Trade Services
0102030405
01
 
Introduction to Global Trade Services
 
01
 
Trade Services
 
04
 
Trade Solutions
 
07
 
Risk 
12
 
Export Letters of Credit Dened
 
13
 
Export Letters of Credit Defined
 
14
 
Letter of Credit Overview 
 
19
 
Letter of Credit Parties and Roles
 
20
 
20 Important Characteristics of an Export Letter of Credit
 
22
 
Understand and Control Your Export Letters of Credit
 
25
 
Incoterms—International Shipping/Trade Terms
 
30
 
 A Discussion of UCP 600
 
39
 
 A Discussion of the e-UCP
 
41
 
Examination of Documents Under the UCP 600
 
42
 
Letter of Credit Sample and Comments on Specific Fields
49
 
Payment to a Third Party—Transfers and Instructions to Pay Proceeds
 
50
 
 What Is a Transferable Letter of Credit?
 
52
 
 What Are the Options for Transferring an LC?
 
53
 
Transferring the LC
 
54
 
 What Are the Benefits and the Risks of Using a Transferable LC?
 
55
 
Confidentiality Issues
 
57
 
Other Considerations
 
58
 
Transferable Letter of Credit Sample and Comments on Specific Fields
 
65
 
Transferred Letter of Credit Sample
 
68
 
Instructions for Completion of “Request for Entire Transfer of Credit without Substitution of Invoices”
 
70
 
Instructions for Completion of “Request for Partial Transfer of Credit without Substitution of Invoices”
 
73
 
Instructions for Completion of “Instruction to Pay Proceeds”
75
 
Woring with Your Buyer75
 
Woring with Your Buyer
 
83
 
 Working with Your Ban
 
84
 
Trade Banking 
 
85
 
 What to Expect from Bank of America
 
85
 
Bank of America Export Advice
 
87
 
Understanding Export Letter of Credit Processing 
 
89
 
Processing Locations and Contacts
 
89
 
Export LC Document Transmittal Letter
 
91
 
Instructions for Completion of “Export Letters of Credit Document Transmittal Letter”
 
Table of Contents
03
Bank of america merrill lynchSolutionS for exporterS
060708091011
92How You Get Paid 93
 What Is “Negotiation”?
 94
How Long Does it Take to Get Paid
 95
 Assured and Prompt Payment
 96
Letter of Credit Payment Flowchart and Explanation
 97
Documents Typically Required Under an Export Letter of Credit
 101
 A Detailed Look at Drafts
 102
Discrepancy Resolution
 103
Common Discrepancies in Documents
 104
Reducing Your Days Sales Outstanding on Letter of Credit Payments
 105
Document Presentation Guidelines
 105
Payment Methods—Wire, Check, and International Draft
 105
Typical Fees on Export Letter of Credit Transactions
 106
Letters of Credit
 107
Documentary Collections
108Document Presentation and Payment for Export Receivables110Collections for Exporters 111
Documentary Collections
 115
Direct Collection—Terms and Conditions for Use
 117
Instructions for Completion of Direct Documentary Collection Form”
118Baners’ Acceptance Financing Under Export Letters of Credit 119
Bankers’ Acceptances
 121
 Who Can Finance with Bankers’ Acceptances?
 124
 An In-depth Look at Bankers’ Acceptances
129Financing Options for U.S. Exporters 130
Financing with Acceptances or Other Instruments
 132
Supplier Financing 
 133
Structured Trade Finance
137Glossary
 The material presented in this guide is for informational purposes only, and is not intended as an exhaustive treatise on international banking, nor is it intended to explore all the possible risks involved in using import letters of credit or other services mentioned.

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