Claim payment

Case Study

Title: Fabrics Import from India by Land to Bangladesh, 2011

Corridors and Routes: Not Specified

Trade Product: Cotton fabric

Trade Type: Import

Process Analysis: Import to Bangladesh

Exporting Country: India

Importing Country: Bangladesh

Category: Payment between buyer and seller

Country and Procedure Description: Claim payment (BGD-IND/Cotton fabric)

Related Rules, Laws and Regulations:

Actors and Participants: - Exporter/
representative
- Exporter's bank
- Importer's bank
- Importer

Input Criteria to Enter or Begin the Business Process:

Activities and Associated Documentary Requirements: 1. Having found the imported cotton fabrics 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 India.

Output Criteria to Exit the Business Process:

Activity Diagrams:

Number of Required Documents: 9

Minimum Required Time:

Maximum Required Time:

Average Required Time: 1.5

Minimum Cost:

Maximum Cost:

Average Cost: