 |
| |
| 1. |
Commercial Contract |
|
| 2. |
Forfaiting Contract |
|
| 3. |
Importers Bank Issues L / C to Exporter on behalf of Importer |
|
| 4. |
Shipment |
|
| 5. |
Export documents and assignments to Forfaiting Bank presented by Exporter |
|
| 6. |
Negotiation Advice / Notice of assignment sent to issuing bank |
|
| 7. |
Payment to Exporter |
|
| 8. |
Re- payment at maturity |
|
| |
| • |
Note:
Forfaiting Bank can also assume this role |
