Bank Certificate of Payment under International Trade

 

 

Bank Certificate of Payment

 

Bank Certificate of Payment under International TradeIt is a certificate issued by the negotiating bank to the exporter that the bill covering the shipment has been negotiated through it and export proceeds have been received from the importer. The certificate indicates the details of the merchandise exported. Exporter submits this certificate of payment for establishing that the export transaction has been completed totally by him. This certificate is required to comply with the requirements for the discharge of export obligation.

 

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