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Ex-Import Procedure(to Way of Payment)
L/C
Abbreviation
International Factoring
Ex-Import Procedure(to Way of Payment) Home > Helper
Export/Import procedure according to the Red Clause L/C method
(Details should be followed by the each countries laws of regulations)

[1] Definition
- A transaction method that receives the part of payment from the importer in advance to purchase materials or to manufacture the goods to export and collect the balance after completing the said export.
- The ranges of amount receivable as a downpayment follows the export downpayment receipt limit of related laws of regulations and the export should be executed within ~ date received.

[2] Subject to receipt
[3] Receipt limitation
[4] Things to be cautious when contracting
- Consider should be made whether the party is qualified to receive the export downpayment and if the amount is within the receipt limit.

[5] Sales of downpayment
- The downpayment can be sold as a home money upon receiving E/L after a red clause indicated L/C is received.

[6] Downpayment refundment guarantee
[7] Downpayment receipt limitation confirmation
[8] Execute counter export
[9] Procedure
(1) Export contract
(2) Red-clause L/C collection
(3) Export recommendation (If requires recommendation system)
(4) Export license and downpayment receipt
(5) Procuring export goods
(6) Export clearance
(7) Shipping
(8) Export earning collection

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