Payment Process

Payment of L/C:

At sight as per negotiating bank’s instruction.

L/C Availability with/by:

Credit is available with any bank in Bangladesh by negotiation at sight.

Type of Documentary Credit:

Irrecoverable and transferable.

Bill Clause:

Full set clean on board original bill of lading issued to the order of negotiating bank and endorsed by the same bank in favour of L/C opening bank and marked freight collect or pre-paid.

Presentation of Documents:

21 days from the date of bill of lading.

ICC Publications No:

L/C must be subject to UCPDC 1993 revision ICC.