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Showing posts from August, 2024

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Understanding UPAS LC: Features, Benefits, and Costs

on August 31, 2024

UPAS LC; Usance payable at sight; letter of credit; benefit of UPAS LC

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advancements in smartphone technology
Back to back LC Bangladesh
Back to back LC garment industry Bangladesh
Back to back letter of credit rules Bangladesh
bangladesh bank circular
Basic process of export
benefits of smartphones in society
bida application form for franchise fee
bida application form for royalty
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bida guideline on outward remittance for royalty
Bill of Lading at a Glance
buyers credit report
Can Foreign Investors Get EDF Loans
Checking - Is shipment made as per declaration
countries invested in bangladesh
disadvantages of smartphone
Documents to be checked to see the shipment is made as per declaration
edf interest rate in bangladesh
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export sales contract template word
FDI - problems and prospects
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How to Track a B/L
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impact of foreign direct investment in bangladesh
import
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import on no cost basis
Import Policy Order 2015-2018 pdf
Import under back to back arrangement Bangladesh
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issuance of duplicate bill of lading
latest smartphones
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UPAS LC; Usance payable at sight; letter of credit; benefit of UPAS LC
uses of smartphone
Verifying vs Tracking a Bill of Lading
voice of international business
Websites free for tracking a B/L
What are the factors influencing FDI in Bangladesh
What are the three main elements of an enforceable contract
What do you mean by enter port trade
what exchange should be applied
What is a valid and enforceable contract
What is an example of an export
what is edf lc
What is EDF loan
What is enforceable contract example
What is entre port
what is export contract
what is FDI
What is flow of export
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what is OD sight (EXP) rate
What is the best sector to invest in bangladesh
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what is the tenor of EDF loans
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what to do when the original bill of lading is lost
What types of contracts are enforceable
Who are eligible to import on FOC basis in Bangladesh

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Import on “FOC” or “No Cost Basis” by Export-Oriented Industries in Bangladesh

FOC sounds like the Incoterms, FOB. However, it is a trade term not a recognized Incoterms. People dealing with import business may have seen various types of imports. In most of the cases payments must be made for the items imported. In some cases no payment is made. Every country has its own import policies and guiding rules for international trade. Procedures for import on FOC basis also differs based on those policies and rules. In Bangladesh this procedure is guided by the Import Policy Order (in force) from Ministry of Finance. It is also termed as Import on “No Cost Basis”. What is FOC or Free of Cost Import FOC or Free of Cost import means the process of importing goods for which no payment has to be made from the importing country. When goods are sent from abroad as a gift, free sample, replacement or raw materials for producing the ordered produce in the receiving country, no payment is required to be made by the importer. There are some limits for maximum amount of such imp...

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Many of us want to know about the operational exchange rate of banks and their application in day-to-day foreign-exchange-related banking activities. Customers receive different amounts of local currency for the same amount of foreign currencies in separate transactions. They often become confused. This article will help you understand the rates applied for different transactions in banks. Trade finance professionals, customers, students, and even resource persons may find this piece of writing worthwhile. Here we will discuss the definition of the exchange rate, its different types and use, types of quotation, and how different rates are determined. What is Exchange Rate The exchange rate means the rate at which one currency is exchanged or calculated in another currency. In other words, we can say this rate indicates how many units of one currency (for example, local currency)you need to pay to get one unit of another currency(foreign currency). Conversely, it is the rate ...

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Mohammad Fahmid Ahammed