1. Importer sends contract traded goods (CFR) by payment later to Exporter. 2. Exporter receives document. 3. Exporter prepares and sends documents to Importer. Invoice Packing List Bill of Lading (B/L) 4. Exporter delivers goods/products to importer. 5. Importer receives documents. Importer goes to import declaration process. 6. Importer receives goods/products. 7. Importer prepares cash or money in the account for transfer when the due comes. 8. Importer’s Bank receives transferred money. 9. Importer’s Bank review and payment or direct debit from Importer. 10. Importer’s Bank sends money orders to Exporter’s Bank. 11. Exporter’s Bank is debited from Importer’s Bank. 12. Fee deducted before transfer to Exporter’s account. 13. Exporter checks and receives money
