WAHYU HIDAYAT – EXPORT IMPORT

Goods

15. 6. Goods 7. B/L

14. B/L Goods 1. Sales Contract

Buyer/ Seller/
Importer Exporter
Rp

8. Doc
13. Doc 12. Money
3. Coverage
9. Money 5. LC
2. Appl LC

4. LC
Rp
10. Doc

11. Money

Issuing Bank Advising Bank

Export Import Flowchart:

1  Importer and exporter seal a sales contract between them
2-3  The importer submit L/C application and coverage and ask the issuing bank to issue
Letter of Credit (L/C)
4  Issuing Bank sent LC to the Advising Bank
5-6  The exporter receive L/C from advising bank and continue to ship the goods to the
importer,
7- 9  The exporter submit the document to advising bank and receive the money after
receiving Bill of Lading (B/L),
10-11  The advising bank submit the document and receive the money from issuing bank,
12-13  The importer must pay the issuing bank before receiving the document and if
there is discrepancy, the issuing bank will take the coverage of importer as a payment.
14-15  The importer will receive the goods after give the document to the agent of
carrier.