Conclude contract and trade terms

Activities and Associated Documentary Requirements: 1.Based on the terms of the contract with the ultimate buyer of the RMG products, the RMG manufacturer in Bangladesh enters into a buying contract with an Indian exporter of cotton fabric who quotes the price and sends a Proforma Invoice for consideration by the Bangladeshi counterpart. If modifications are required, the document is returned to the exporter for necessary amendments. 2.Once both the parties agree on the terms, the importer from Bangladesh confirms intent to purchase. 3.An L/C is then opened by the importer and forwarded to the exporter’s nominated bank in India. The process of communication between the buyer and the exporter is mainly through exchange of emails and over the phone. If required, however, supporting documents are sent through courier services.