Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
0Activity
0 of .
Results for:
No results containing your search query
P. 1
7 Export

7 Export

Ratings: (0)|Views: 3|Likes:
Published by Saif Azman

More info:

Published by: Saif Azman on May 01, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less

05/01/2012

pdf

text

original

 
Prime Bank Limited
a bank with a difference
5.1 Export
Export means sending one country to another country for sale export brings the foreigncurrency for the country higher the export higher the reserve of the foreign currency. TheExport section of Prime Bank engaged with various export related activities foencouraging the Exporter. The major function of this section is comprises with purchases,collection & negotiate the export bill, provide the exporter in financing and helps theexporter in different issues.A person desire to export should make application to obtain ERC (Export RegistrationCertificate) from CCI&E then the person should step in to a bank along with ERC to obtainEXP from the Bank.
5.2 Regulatory / Promotional Organs for Export
5.2.1 National Committee for Export 
Headed by PM comprising Ministers of Foreign Affairs, Finance, Commerce Industries,Planning Jute & Textile. The committee reviews the export situation and providesnecessary direction and resolved problem.
5.2.2 Export Council 
Consultative body comprising of chambers, exporter’s associations and institution of publicsector.
5.2.3 Export Promotion Bureau (EPB)
 Main function of EPB:
Quota allocation for export of RMG.
Issuance of GSP certificate to exporters.
Foreign Exchange Mechanism: a comprehensive Study of Prime bank Ltd. (considering Jubilee RoadBranch, Chittagong as standard)
52
 
Prime Bank Limited
a bank with a difference
5.3 Required Information
For obtaining ERC from CCI&E the following documents are required:
 Nationality & Assets Certificate.
Income Tax Certificate.
Trade license.
Partnership deed (Partnership deed)
5.4 Understanding
In the export section two types of L/C are opened.1.Back-to-Back L/C.2.Export L/C.
5.4.1 Things done here
The following things are done in this department
Scrutiny of Export Shipping Documents.
Follow up for realization of Export Department.
All correspondents relating to Export Department.
Compliance of Audit & inspection.
Advising of Export L/Cs to the beneficiary.
Authentication of L/C and amendment from other Correspondent Bank.
Transfer of Export L/C to the 2
nd
beneficiary & issuance of notice of transfer to L/Cissuing Bank.
Recording of Export L/C particulars in Export L/C transfer Register.
Realization of transfer changes.
Foreign Exchange Mechanism: a comprehensive Study of Prime bank Ltd. (considering Jubilee RoadBranch, Chittagong as standard)
53
 
Prime Bank Limited
a bank with a difference
Issuance of proceeds realization certificates.
Other work as & when directed by the manager.
Certificate of Exp Forms.
Posting of Tickets.
Lodgment of Export Bill (FBP, FDBC, IBP & IBC)
Preparation of tickets elating to negotiating of documents.
 Negotiating of inland Bills.
Maintenance of all records related to FBP, FDBC & inland Bills.
Balancing lf FBP, FDBC, & A/R Export A/Cs.
Preparation of statement & all returns to Bangladesh Bank and Head Office(Weekly, Monthly and Quarterly).
5.4.2 Export Bill Scrutiny
General-
o
Late shipment
o
Late presentation
o
L/C expired
o
L/C over drawn
o
Partial shipment or transshipment beyond L/C terms
 Bill of Exchange-
o
Amount of bill differs with invoice.
o
 Not drawn on L/C issuing bank not signed.
o
Tenor of B/E not identical with L/C.
Foreign Exchange Mechanism: a comprehensive Study of Prime bank Ltd. (considering Jubilee RoadBranch, Chittagong as standard)
54

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->