Advance Payment |
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Advance payments can be received in the following
forms: -
1) SWIFT transfer from foreign banks to account of
the exporter.
2) Foreign Cash Notes deposited by the foreign
counter part (importer) provided he can present
customs declaration of the cash notes obtained from
the point of entering the country. A deposit, in any
form, by exporter himself is not allowed.
3) Money transfers made using one of remittance
service providers such as Western Union.
4) Money obtained from Payment Cards cashed at ATMs
of the bank
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Documents required for
Permit Approval |
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a) Duly signed contract by seller & buyer
b) Foreign inward remittance advice (credit advice)
to customer’s a/c.
c) Seller's invoice
d) Export License Valid for the year
e) Tax registration certificate (TIN certificate)
f) Export permit application form duly filled,
signed & stamped (as appropriate) by the customer.
g) If the export is Teff or Berbere an undertaking
letter from the exporter that the goods will be
unloaded as mentioned in the export permit
(excluding Djibouti and The Sudan)
h) NBE issues delinquent list of exporters
periodically. Customer’s name should not appear in
the delinquent exporters list of NBE for the period.
If the name appears, there should be subsequent list
indicating the given customer has cleared all
outstanding items at NBE.
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Expectations from exporters on Advance Payment |
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There is no risk of any type
to the exporter. However, timely delivery of
commodities will prove integrity, reliability, etc
of the exporter for further deliveries/contracts.
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