Claim payment

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: Payment between buyer and seller

Country and Procedure Description: Claim payment (BGD-THA/Sugar)

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 received the imported sugar 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 Thailand.

Output Criteria to Exit the Business Process:

Activity Diagrams:

Number of Required Documents: 7

Minimum Required Time:

Maximum Required Time:

Average Required Time: 1.5

Minimum Cost:

Maximum Cost:

Average Cost: