#tradefinance #letterofcredit #documentarycredit
Banks act as an Agent and DA LC/Contract on request of its Valued Clints ,Purchased the First Class Bills, and Sent complete Documents/Bill to named Foreign, example Bank of Japan in "Good Faith without Negligence" for Realization.


In the Foreign Trade/Import /Export/Clean/Drafts Banks deal all documents on Behalf of their Customers as per the needs of the Instruments/Documents.
The Export Department/Import Department/Collection Department received discrepant document/Expired document/Import bill received without short or missing any documents which are mentioned but not enclosed in the set of documents, vsubmitted to, by customer to get it realized m are
1.Lodged in the Register of FDBC, under SL NO...Bank Stamped, 1.COLLECTION #" " 2Account Will be Credited on Realization" 3 Special Crossing St mp
3. CLEAN COLLECTION Only Cheques, Instruments/Pay Order/Draft/Debentures/ or any not with any Documents are Entered in the FBC ( Foreign Bill Collection) with all 3 Stamps and sent to foreign Bank of named agent in the authorized Country under Bank Covering Schedule with Authorized Offcer duly signed.

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