Methods of quoting and payment - Doing Business in Bangladesh

Quotations of costs and freight port in Bangladesh are made through proforma invoice with currency of Pound Sterling or US dollars. The components of insurance and freight must show separately. For most imports, payment should be made through permanent Letter of Credit (L/C). In some limited cases without L/C, export can be done through CAD (Cash against Documents) system. Payment for industrial raw materials and capital machinery can be done on DP (Deferred Payment) and DA (Document Acceptance) basis.


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