Collaborate on Pay Bill Format for Export with Ease Using airSlate SignNow

Pay bill format for Export

okay so uh before uh executing the deal with our buyer we need to negotiate the payment terms okay like a document against payment document against acceptance letter of credit or Advanced payment okay so if you talk about Advanced payment so what is the procedure okay so in this process first as exporter we need to prepare the performa invoice okay in that particular perform invoice we need to mention all details regarding the shipment like a importer address exporter address okay inot terms payment terms Goods descriptions all the things we need to mention in the perform my invoice okay so in Advan payment performa invoice is very important documents because that key shipment is not executed yet and Commercial inv is not prepared so the basic document is considering for initial shipment is the perform invoice okay so in advanced case our importer will release payment on behalf of the perform minus okay because this is payment payment is Advance okay and a shipment have not dispatch yet okay so so in case of advanced payment what we'll do is the depend on the deal okay uh if importer is a very intent to buying the goods okay and we are not aware with the solvency of the Importer okay and we are not aware with the we are not trusting the on importer in such situation we deal with the advanced payment okay so in ADV payment we will ask to buyer this is our performa invoice okay and please make payment on this behalf of this perform in okay so what a buyer will do he release the payment okay because the advanc payments that's why he need he need to make the payment okay the step is next is like a once he make the payment to us in respect of the perform invoice our bank will generate FC foreign Inver remittance certificate okay so uh once send uh bank send the FC he Bank ask us why this payment received okay because they need to clear a transactions and need to mentions uh the reason regarding the payment okay so bank will ask uh and send us FC okay so we need to confirm this payment with the document in respect of the document like a just like a we receive the payment in in respect to the perform invoice and B sent as the FC okay in the same maybe little bit difference between the perform payment and FC because the bank charges and something else so maybe it will difference but we are surely know know that ke what what payment about is because that in FC clearly mention who made this payment and we can identify our importers and we can aware with the uh this shipment payment okay so in this case uh just uh we receive payment before the shipment okay so what we will do bank will ask the uh proof of export in respect to the shipment payment but we have to wait because we have not dispatched good yet okay so uh once we dispatch the goods then we need to prepare the set in the same way and submit to the bank okay so we will confirm with the document okay how we will confirm that payment receive in respect of perform invoice and the same shipments we dispatch and the document need to submit like a commercial invoice below bling okay and FC copy and the shipping bill this document need to submit for the advanced payment okay so in such way we can confirming to the bank okay then what next Bank ask for the knockof with the shipping Bill be okay so once you submit the shipping Bill Bank can knock up the payments and generate the BRC okay the last step is Bank generate the BRC Bank realization certificate so this is this can be seen on the dgft website okay so uh this process before generating the BRC Bank need to confirm that this payment is in which respect to invoice okay like a uh payment need to be reconciled with the invoice number so guys in the session we have understand uh Advanced payment and uh the next session we will uh understand our new process and new knowledge so be with us and understand and watch the all videos and in the playlist so you'll get good knowledge and you can comments me if you like this videos so guys again thank you for watching the session