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Import Machinery

Posted: Tue Sep 28, 2021 7:18 pm
by bmahamud

Good Day!

I need a help to know the process. Im from Bangladesh.

• LC open from Poland or any other country,
• Supplier from China or any other country,
• Goods produce from Bangladesh or importing country.

how this is works if LC is UPAS.

Kind Rgds,
Mahamud Babel

Re: Import Machinery

Posted: Tue Sep 28, 2021 10:43 pm
by picant
Hi Pal,

More details, please?

A Polish importer opens a l/c in favour of a Bengalese Exporter, the goods have been produced in Bangladesh or China?
The l/c contains a clayse that the defferred payment may be paid at sight, less discount etc.?
Usually importing machinery, a bank guarantee(Performance bond) is required or a 10/15% is paid after testing the machine?
Ley us know?

Re: Import Machinery

Posted: Tue Sep 28, 2021 10:56 pm
by bmahamud

• LC applicant – ABC, Poland or any country
• Beneficiary – XYZ, China or any country
• Loading port – China
• Discharge Port – Chittagong, Bangladesh.
• Goods produce from Bangladesh

LC will be UPAS

Re: Import Machinery

Posted: Wed Sep 29, 2021 1:16 pm
by picant
Hi Pal,

Frankly I dont understand: a Polish Applicant buys a machinery that is in China, transports it to Bangladesh, than starts a production of goods.
The machinery has to be paid by l/c, this l/c, in some way, permits to advance payment(usance paid at sight)
Other details?