{"id":17839,"date":"2013-05-07T13:13:40","date_gmt":"2013-05-07T07:43:40","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=17839"},"modified":"2024-04-12T14:15:13","modified_gmt":"2024-04-12T08:45:13","slug":"presentation-of-documents-to-bank-2","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/presentation-of-documents-to-bank-2\/","title":{"rendered":"Presentation of Documents to Bank"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a ref=\"magnificPopup\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2021\/01\/International-Trade-62.png\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"400\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2021\/01\/International-Trade-62.png\" alt=\"Presentation of Documents to Bank\" class=\"wp-image-98943\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2021\/01\/International-Trade-62.png 750w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2021\/01\/International-Trade-62-300x160.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><\/figure><\/div>\n\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/certified-export-import-foreign-trade-professional\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Presentation of Documents to Bank<\/strong><\/h3>\n\n\n<p>Let&#8217;s learn more about Presentation of Documents to Bank. The exporter presents the following documents to the bank for negotiation\/ collection<\/p>\n<ul>\n<li>Commercial invoice (Requisite number of copies)<\/li>\n<li>Certificate of Origin (two copies)<\/li>\n<li>Customs Invoice (Requisite number of copies)<\/li>\n<li>GR Form (Duplicate)<\/li>\n<li>Packing List (requisite number of copies)<\/li>\n<li>Full set of Clean-on-Board Bill of Lading (Negotiable plus Non- negotiable copies as required)<\/li>\n<li>Additional copies of the Commercial Invoice for Certification by the Bank<\/li>\n<li>Original Letter of Credit\/Export Contract<\/li>\n<li>Bank Certificate in the prescribed form in duplicate<\/li>\n<li>Marine Insurance Policy\/Certificate<\/li>\n<li>Bill of Exchange<\/li>\n<\/ul>\n<p>After shipment of goods, exporter has to negotiate the\u00a0documents\u00a0through a\u00a0bank\u00a0within a period of 21 days from the date of shipment. Submission of relevant\u00a0documents\u00a0to the\u00a0bank\u00a0and the process of obtaining payment is called &#8220;Negotiation of\u00a0Documents&#8221;. When the documents are presented under Letter of Credit, Negotiating Rank makes the payment immediately. In the absence of letter of credit, exporter&#8217;s bank may purchase the documents and provide funds immediately or send for collection and on realization gives credit for the amount collected, after deducting commission.\u00a0<\/p>\n<p>Letter of Credit L\/c also known as Documentary Credit is a widely used term to make payment secure in domestic and international trade. The document is issued by a financial organization at the buyer request. Buyer also provide the necessary instructions in preparing the document.<\/p>\n<div class=\"apply\">\u00a0<\/div>\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.vskills.in\/practice\/foreign-trade\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"150\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Export-Import-Foreign-Trade-Professional-47.png\" alt=\"Certified Export Import Foreign Trade Professional\" class=\"wp-image-94199\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Export-Import-Foreign-Trade-Professional-47.png 960w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Export-Import-Foreign-Trade-Professional-47-300x47.png 300w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><\/figure><\/div>\n\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/certified-export-import-foreign-trade-professional\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go back to Tutorial Presentation of Documents to Bank Let&#8217;s learn more about Presentation of Documents to Bank. The exporter presents the following documents to the bank for negotiation\/ collection Commercial invoice (Requisite number of copies) Certificate of Origin (two copies) Customs Invoice (Requisite number of copies) GR Form (Duplicate) Packing List (requisite number of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[85],"tags":[6720,2247],"class_list":["post-17839","page","type-page","status-publish","hentry","category-export-import","tag-foreign-trade","tag-presentation-of-documents-to-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Presentation of Documents to Bank - Tutorial<\/title>\n<meta name=\"description\" content=\"Want to learn more about Presentation of Documents to Bank. 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