Conclude contract and trade terms

Case Study

Title: Sugar Import from Thailand to Bangladesh, 2011

Corridors and Routes: Not Specified

Trade Product: Raw sugar

Trade Type: Import

Process Analysis: Import to Bangladesh

Exporting Country: Thailand

Importing Country: Bangladesh

Category: Contract between seller and buyer

Country and Procedure Description: Buy/Conclude contract and trade terms
(Import to BGD from THA/Sugar)

Related Rules, Laws and Regulations:

Actors and Participants: -Importe
-Exporter/Representative

Input Criteria to Enter or Begin the Business Process: -Bangladeshi Buyer is interested in purchasing sugar from a Thailand Supplier

Activities and Associated Documentary Requirements: 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.

Output Criteria to Exit the Business Process: -Proforma Invoice Agreed Upon and Created by Exporter and Importer

Activity Diagrams:

Number of Required Documents: 1

Minimum Required Time: 1

Maximum Required Time: 2

Average Required Time: 1.5

Minimum Cost:

Maximum Cost: 2

Average Cost: