Beginner's Guide to Exporting. 4th Edition.

2 7 Beginner’s Guide To Exporting c) Facilities for Exporter Facility What can Foreign/ Domestic Bills of Exchange Purchase-i do? When to use Foreign/ Domestic Bills of Exchange Purchase-i? Foreign/Domestic Bills of Exchange Purchase-i Benefit: While waiting for payment from importer, you can have the money to maintain your cash flow. • Provide financing by purchasing bills of exchange together with invoice and shipping documents drawn by the buyer (importer) for you to export the goods. • When you as exporter sell your goods to buyer at another country and want to have the cash to export the goods and balance your cash flow. Where can I apply for Foreign/Domestic Bills of Exchange Purchase-i? Facility What can I Foreign/ Domestic Bills of Exchange Purchase-i/ Authority to Purchase do? When to use I Foreign/ Domestic Bills of Exchange Purchase-i/ Authority to Purchase? Foreign/ Domestic Bills of Exchange Purchase-i/ Authority to Purchase Benefit: While waiting for payment from importer, you can have the money to maintain your cash flow. • Provide financing by purchasing sales document presented with or without bills of exchange drawn by the buyer (importer) under an LC-I for you to export the goods. • When you as exporter sell your goods to buyer at another country and want to have the cash to export the goods and balance your cash flow. Where can I apply for Foreign/Domestic Bills of Exchange Purchase-i? SOURCING FOR EXPORT FINANCING CHAPTER 5