We
likewise handle of financial* and commercial** documents reveived
from customers or correspondents.
Product
Features & Charges
Outward
Bills
Commercial or financial documents addressed to named buyer or drawee
and presented by the client at CAB counters for collection of payment.
Handling
Commission
0.15%
or Min USD 30
Advance
Subject to
loan arrangement
Dicounting
of Draft
Subject to
loan arrangement
Courier
USD 30 within
0.5 Kg
Telex, if
any
USD 20
Inward
Bills
Commercial or financial documents received by CAB from another bank,
correspondent or seller for advising and transmission to the buyer,
subsequent collection and remittance of proceeds.
Advising
Commission
USD
20
Reimbursement
Commission
0.15 or Min
USD 30
Telex
USD 30
*e.g., Bill of Exchange, Promissory Note, Signed Cheque, Payment
Receipts
**e.g., Invoice, Transport documents(bill of lading, airway bill),
insurance policy, certificate of origin, packing or weight list, etc.
Benefits
Lower
bank charges
Seller
has more control over the goods since release of documents can
only be against payment or acceptance of the draft.
Buyer
may opt to pay only upon arrival or shipment, or at due date
of the draft(in case of documents drawn on acceptance).
