-Bangladeshi Buyer is interested in purchasing sugar from a Thailand Supplier
1.The importer in Bangladesh enters into a formal contract with the exporter from Thailand. 2.Upon mutual agreement with regard to the price and quality of the raw sugar, a Proforma Invoice is issued by the exporter. 3.Based on that, the importer from Bangladesh opens an L/C with a local bank. 4. The bank then forwards the L/C to the exporter’s bank in Thailand.
-Exporter sends commercial invoice, bill of lading, health certificate, radiation certificate and insurance to importer
1.Once the exporter in India sends the Commercial Invoice, Bill of Lading, Health Certificate, Radiation Certificate and Insurance Certificate to the importer in Bangladesh, the importer collects the IMP Form from its bank and has all the documentation endorsed by the bank.
1. The importer's CFA submits the online Bill of Entry on the customs website. 2. Customs officers verify the documents and issue a "C" Number upon finding the documents satifactory. 3. The exporter's agent acknowledges receipt of the "C" Number and makes a print out of the acknowledgement receipt for conducting customs clearance at a later date.
1. The CFA submits a copy of the ‘C’ Number Acknowledgement Receipt to customs along with hard copies of all the supporting documents 2. Customs then retrieves the information from the previously lodged online declaration and cross checks with the documents provided by the CFA 3. An inspector is then authorised to inspect the cargo and certify compliance with the declaration. If any misconduct is found, a case is filed against the importer. However, if no discrepancy in found, customs issues a Release Order.
Upon receiving the Release Order
1. Upon receiving the Release Order from Customs, the CFA gives this document to the Shipping Agency, which then arranges for the raw sugar to be unloaded from the Mother Vessel (MV) and loaded on the Lighterage. This involves obtaining permission from the Port Authority and requires requesting the Port Authority to supply the equipment needed to unload and reload the raw sugar. 2. Once this process is completed, permission from the port authority is sought to move the Lighterage out of the port area. 3. Once the exit permit is obtained, the Lighterage carries the raw sugar to the importer’s factory via waterways. 4. When the Lighterage arrives at the jetty of the importer, the raw sugar is unloaded and stored in the importer’s factory.
1. Having received the imported sugar as per the contract conditions, the importer directs the designated bank in Bangladesh to proceed with the payment. 2. The bank verifies the documents against the L/C terms. If no misconduct is found, the funds are transferred to the exporter’s bank in Thailand.