Export lc negotiation fcr

Mr. Aswin iyer

As per rule, you can not get bill discounted (to get money) by bank untill you handover complete export document (around 8-9) to Bank.

Shipping bill is basic document to prove that export has been done. It can't be issued untill it is "shipped out". Shipping bill as name sugest issued by goods carrier i.e. shipping company once export material is finally loaded & shipped out of indian coast. Shipping co. have various office in India where you can collect shipping bill.

I think this was your only query in question which i have reply.

If you are first time exporter and no previous experience in export financing, then i think you will face  zig-zag in realising the money.

Time permit me to reply in short way.

Thanks

DEAR ashwin iyer

YOU CAN SEND THE DOCUMENT ON COLLECTION BASIS TO THE BUYER BANK 

ONCE YOUR DOCUMENTS ACCEPTED BY BUYER'S BANK YOU WILL GET THE PAYMENT.

FOR EXPORT WRITE OFF YOU HAVE TO SUBMIT FOREIGN EXCHANGE COPY OF SHIPPING BILL TO THE BANK. AND AFTER THE SUBMISSION OF THE SAID S/B YOU HAVE GET THE BRC FROM THE BANK 

HOPE YOUR ENQUIRY IS SOLVED.