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Import Machinery
Posted: Tue Sep 28, 2021 7:18 pm
by bmahamud
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
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?
Ciao
Re: Import Machinery
Posted: Tue Sep 28, 2021 10:56 pm
by bmahamud
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
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?
Ciao