2. Do not use CIF method, and import trade shall not be conducted by CIF method unless authorized by the Ministry of Commerce of Bangladesh, so as to protect the insurance industry in Bangladesh. Therefore, the trade term of Bangladesh letter of credit is mostly CFR, and shipping advice is required.
3. Information about importers
For products exported to Bangladesh, the importer's company name, address, tax number and country of origin must be indicated on the package, so as to check the relevant information during inspection. Therefore, there are usually corresponding clauses in letters of credit.
4.PSI- Pre-shipment inspection
Bangladesh has implemented "PSI- Pre-shipment Inspection System" for imported goods since February 15, 2000. Goods exported to Bangladesh are subject to value assessment and bulk inspection before shipment.
PSI is a mandatory import management standard, which is generally inspected by an international commodity inspection agency signed by the Bangladeshi government before shipment. After inspection, the commodity inspection authorities will endorse the invoice and packing list of the goods so that importers can go through import formalities such as customs declaration.
The endorsed invoice and packing list must be exactly the same as those submitted to the bank, otherwise, the exporter's documents will be refused and the importer's import declaration will be in trouble.
The designated commodity inspection authorities generally check and inspect the price, HS code, packaging, weight and quantity of the goods according to the invoices and packing lists, so as to prevent importers from underreporting the goods and evading taxes. Therefore, letters of credit usually require all documents to show the total net weight, total gross weight, total number of pieces, HS code and other information of products.
Besides, the most noteworthy thing is safety.
Practical case: Bangladesh reminds people to pay attention to safety when entering and leaving the country.
Hualong.com 2065438+August 20, 2008 17: 04 According to the news of the Consular Department of the Ministry of Foreign Affairs, on July 29, 20 18, a traffic accident occurred in Dhaka, the capital of Bangladesh, causing two students to die. Since the incident, a large number of students have taken to the streets to demonstrate and protest, and there have been large-scale road closures, smashing and looting of buses. At present, student protests are still going on.
Chongqing public security reminded Chongqing citizens and institutions to pay close attention to the development of the situation, be vigilant and pay attention to strengthening security precautions. Plan your trip reasonably, minimize unnecessary trips and avoid going to hot spots. Don't stop at the scene of the conflict to take pictures, so as not to endanger your own safety. In case of emergency, please call the police and contact the Embassy of China in Bangladesh.
Bangladeshi emergency telephone number: Fei Jing 999, Fire 199, Gul Mountain Police Station 02-9880256, 98895 1 19.
Extended data:
Some common English abbreviations in Bangladesh letters of credit:
LCA number = letter of credit authorization number
Letter of credit authorization number
IRCNo. = Import Registration Certificate No.
Import license number
TIN number = tax identification number.
The domestic tax registration number of the importer.
VAT number = VAT number
VAT tax number
H. U.S. Code = Harmonized System Code
Harmonized system coding
BIN number = service identification number
VAT registration number
References:
Phoenix. Com- pay attention to safety when entering and leaving Bangladesh.