TOOLS THAT OFFERS THE FARM IN THIS MODULE YOU WILL CREDIT FOR THE NEGOTIATION OF YOUR COMMERCIAL OPERATION TO IMPLEMENT THE DOCUMENTARY CREDIT TO TREAT EVERY STEP / STEP WITH THE MAXIMUM SECURITY.

Whether you are importing or exporting , the drafting and signing of the sales contract are finding your negotiations with your dealer or supplier. The latter depends on the quality and success of your operation. For operation you plan payable by documentary credit, you must ensure that a number of items listed in your contract.
Whether you are an importer or exporter, always take the initiative of writing your sales contract.

The opening of documentary credit application that you contact your regional bank must be completed with the utmost care. This document must be signed by an authorized person in the donor society order. Your Regional Bank will now issue the documentary credit to its correspondent bank (advising bank) in the country of the recipient of documentary credit, or in a standard format: the SWIFT MT 700 or by telex encrypted.

international-trade

Once the recipient has received the documentary credit, it will proceed with the shipment of the goods and the preparation of documents required under the documentary credit. These documents will be submitted to the designated bank to make the documentary credit. It will review and send it to your Regional Bank for review in turn .

Attention, according to the embodiment of the documentary credit (sight, deferred payment, …)payment and movement of documents are not necessarily simultaneous.

You have formalized the result of your negotiations with your buyer by a commercial contract. In order to facilitate the opening of documentary credit, your purchaser may ask you to send him a pro forma invoice , send it to his bank with his request opening of documentary credit. Your foreign buyer asked his bank to issue from your Regional Bank a documentary credit in your favor. Your Regional Bank receives the opening of documentary credit in size Swift MT 700 or telex and notifies you. At the reception, you will need to perform a number of control between the opening and your sales contract . After checking the opening, you will establish and / or be meeting before or at the time of shipment, the documents referred to in the opening of the documentary credit. You will pass that set of documents to your Regional Bank will verify the compliance of each piece.

Your Regional Bank informs you:

On the terms of payment (to view offline, by acceptance effects)
On any confirmation for export.

Your Regional Bank assists you:

To establish your opening documentary credit for import demand.
To examine the opening you received for export.
To identify the necessary changes.
To intervene with the foreign bank in case of need.

Your Regional Bank advises you:

To check the documents you received to import.
To establish and collect your documents for export.
To facilitate the removal of documents without difficulties