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):
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.
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