Tuesday, May 8, 2012

Payment Against Document


20
Feb

Payment Against Document

PAD procedure after getting all documents from the exporter of importer as evidence of exporting goods. Documents required for PAD is mentioned below:

  • Original (Non-negotiable) bill of Leading.
  • Commercial Invoice.
  • Certificate of Insurance.
  • Certificate of Origin.
  • Bill of exchange.
  • Pre-shipment Inspection Certificate.
  • Packing List.
  • Clean Report of Findings (CRF).

Examination of PAD Documents:

Scrutinizing documents is very important for the MBL. As after examining all the documents the MBL will make payment to the negotiating bank. So any mistake in the examination process may cost MBL.

Loan against Trust Receipt (LTR):
Payment Against Document

Under this LTR, Loan is allowed by MBL only to first class importers. Here only on the basis of trust without paying MBL anything or a partial amount, the importer takes the documents. Then importer is allowed 60-90 days time to kema payment.

Bangladesh Government Grameen Unnayan Bank

Bangladesh Government Grameen Unnayan Bank

Bangladesh  bank, the central bank and monetary authority of the country. It came into existence under the Bangladesh Bank Order 1972 (Presidential Order No. 127 of 1972) which took effect on 16 December 1971 and operate the bank of Pakistan .the bank go of the Pakistan but Pakistan thing not development in Bangladesh .From introduction to end this order, the entire operation of the former State Bank of Pakistan in the eastern wing was transferred to Bangladesh Bank .
Bangladesh Bank performs all the functions that a central bank of any country is expected to perform, and such functions include maintaining the price stability through economic and monetary policy measures, managing the country is foreign exchange and the gold reserve and regulating the banking sector of the country. Bangladesh bank is a Government bank.  Like all other central banks across the globe, Bangladesh Bank is both the Government is banker and the banker is bank, a “Lender of the Last Resort”. Bangladesh Bank, nice most of the central banks of different countries different branch, exercises monopoly over the issue of money and the banknotes. Except for the 1 and 2 taka notes, it issues all other denominations of many.
Government State owned Commercial Banks of Bangladesh
Bangladesh Banks
Bangladesh Banks
The banking system of Bangladesh is dominated by the 4 Nationalized Commercial Banks In which 3 is totally controlled by government and 1 bank is controlled by both government and private sector .this bank is Rupali Bank .  Which together controlled more than 54% of deposits in Bank and operated 3388 branches  as of December 31, 2004. The nationalized commercia

EXIM Kishan

EXIM Kishan

agriculture_2
EXIM Bank has committed itself to the Government’s initiative to provide agricultural investment directly to the farmers for agricultural development of the country. From the very beginning Bank has started investment in various sectors including agriculture. Since 2008-09, bank has allocated separate target for agricultural investment. Mainly Crops, Fisheries & Livestock are the 3 core sectors and another agricultural supporting sector is Farm Machinery. In line with directive of Bangladesh Bank “Agricultural /Rural Credit Policy and programme for the FY-2009-2010”  [ Read More ]

Specialized Development Bank of Bangladesh

Specialized Development Bank of Bangladesh

History
Out of the specialized banks, this two Bank created loan of two sector agricultural and Shilpa loan (Bangladesh Krishi Bank and Rajshahi Krishi Unnayan Bank- only for the enlargement of the agriculture of the north Bengal of Bangladesh) were created to meet the credit needs of the agricultural sector while the other two ( Bangladesh Shilpa Bank (BSB) & Bangladesh Shilpa Rin Sangtha (BSRS) are for extending term loans to the industrial division. The bank sector is Specialized Development Bank of Bangladesh. The Specialized banks are:

Development Bank of Bangladesh
Development Bank of BangladeshDevelopment Bank of Bangladesh
Development Bank of Bangladesh