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 Position :  Home >>   International Banking>> Document Settlement>> Export Settlement  
 

 

Export Settlement

1. L/C advice 

The advising bank advise beneficiary of the L/C received from the issuing bank.

 

2. Presentation of export bills under L/C

The presenting bank forwards export bills presented by the beneficiary to the L/C issuing bank to claim payment under L/C.

 

3. Export bills for collection 

The remitting bank forwards export bills presented by the exporter to the collecting bank to collect payment.



 



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