Import Machinery

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bmahamud
Posts: 17
Joined: Sat Jul 07, 2018 4:56 pm
First Name: Mahamud
Last Name: Babel
Organization: Crystal Martin Inter
Filter: Two Plus Two =: 4
Location: Bangladesh

Import Machinery

Post by bmahamud » Tue Sep 28, 2021 7:18 pm

Hi,

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

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picant
Posts: 1992
Joined: Wed Aug 20, 2008 1:49 pm

Re: Import Machinery

Post by picant » Tue Sep 28, 2021 10:43 pm

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?
Ciao

bmahamud
Posts: 17
Joined: Sat Jul 07, 2018 4:56 pm
First Name: Mahamud
Last Name: Babel
Organization: Crystal Martin Inter
Filter: Two Plus Two =: 4
Location: Bangladesh

Re: Import Machinery

Post by bmahamud » Tue Sep 28, 2021 10:56 pm

Hi.

• 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

User avatar
picant
Posts: 1992
Joined: Wed Aug 20, 2008 1:49 pm

Re: Import Machinery

Post by picant » Wed Sep 29, 2021 1:16 pm

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?
Ciao

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