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Trade Process Analysis Database (TPAD)
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Trade Process Studies
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Procedures
Conclude contract and trade terms
Case Study
Title:
Woven Garments Export from Bangladesh by Land to India, 2011
Corridors and Routes:
Dhaka - Chittagong Port - India
Trade Product:
Woven garments
Trade Type:
Export
Process Analysis:
Export from Bangladesh, Export from India (raw material)
Exporting Country:
Bangladesh
Importing Country:
India
Category:
Contract between seller and buyer
Country and Procedure Description:
Conclude contract and trade
terms/Buy (Export from BDG to IND/ Woven garments)
Related Rules, Laws and Regulations:
Actors and Participants:
- Exporter or representative
- Importer
Actors and Participants:
- Exporter or representative
- Importer
Input Criteria to Enter or Begin the Business Process:
Activities and Associated Documentary Requirements:
1. The exporter prepares a price quote and terms of trade. A Proforma Invoice is then sent to the importer for approval. If modifications are required, the document is returned to the exporter for the necessary amendments. 2. Once both parties agree on the terms, the importer confirms an intent to purchase. A Letter of Credit (L/C) is then opened by the importer and forwarded to the exporter’s nominated bank in Bangladesh. 3. The process of communication between the buyer and the exporter is mainly through exchange of emails. If required, however, supporting documents are sent through courier services.
Output Criteria to Exit the Business Process:
Activity Diagrams:
Number of Required Documents:
2
Minimum Required Time:
1
Maximum Required Time:
3
Average Required Time:
2
Minimum Cost:
Maximum Cost:
3
Average Cost:
