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What is stale Bill of Lading

Posted on February 26, 2015
What is stale Bill of Lading A bill of lading is said to a stale it bears a date subsequent to the expiry date of credit under which the goods are shipped. It shows that the goods were put on board the ship on a date later than that authorized  by the credit. A bill of lading is also said to be stale   if it is presented so long after the sailing of the carrying vessel that the goods will be reaching the port of destination long before the buyer will get the documents. The buyer, in these conditions Read more [...]

Charter Party Bill of Lading (CPBOL)

Posted on February 21, 2015
Charter Party Bill of Lading (CPBOL) This is a contract for the hire of a whole or part of ship setting in detail the rights and obligations of the owners and liners or charterers.Charter are usually arranged by 'ship brokers' who have know-how of this type of work. Charters are divided into time charters and voyage charters. The former are for specified period of time, while the matter are for particular voyage.Where under a charter, the charterer virtually becomes, for the time being owner of Read more [...]

Straight Bill of Lading (SBOL)

Posted on February 21, 2015
Straight Bill of Lading (SBOL) Straight Bill of Lading (SBOL) is one which is made out in the name of consignee. At the port of destination it is not necessary to present a straight bill of lading to take delivery of goods, except  where it is necessary for the perpose of identification. If the consignee is known to the master of the  ship, goods are delivered against a simple receipt. An 'order' bill of lading  is one which is made out  to the order of the consigner or supplier,It can be transferred Read more [...]

Types of bill of lading (TOBL)

Posted on February 20, 2015
Types of bill of lading (TOBL)   There are various types of Bill of Lading (BOL). Some of these are acceptable whereas the other are not acceptable until the LC specifically permits. Bill of Lading (BOL) are : Clean Bill of Lading (CBOL) On Board Bill of Lading (OBBOL) Through Bills of Lading(TBOL) Straight Bill of Lading (STBOL) Charter Party Bill of Lading (CPBOL) Stale Bill of Lading (SBOL) Other Bills of Lading (OBOL)   Clean Bill of Lading (CBOL) While Read more [...]

What you know about Bill of Lading

Posted on February 19, 2015
What you know about Bill of Lading The bill of lading is one of the most important documents which accompanies  bills of exchange drawn under letter of credit.It is an evidence of the fact that goods have been dispatched by the exporter and gives the importer title of goods and enables him to collect them on arrival at destination.   A bill of lading is a document issued by shipping company and signed by the master of a ship or by the shipowners or their agents acknowledgement the receipt Read more [...]

How to prepare Export Documents

Posted on February 17, 2015
How to prepare Export Documents The shipment of goods is to be made by drawing of bills of exchange which have to be accompanied by what is known as " full set of shipping documents", The attachment of these to the bills is an essential obligation of seller.Shipping documents are the evidence of goods dispatched, the evidence of insurance risk covered, the evidence of having actual shipment made and also the mandate of the seller made out on the buyer to pay a certain specified amount  or sum to Read more [...]

What is Bill of Exchange

Posted on February 16, 2015
What is Bill of Exchange A bill of exchange is an order made by the shipper or an exporter who is called a drawer of bill to the buyer or importer who is called a drawee of the bill, asking him to make the payment of the amount specified in the Bill of exchange against the value received by way of submission of shipping documents and giving a detailed account for the drawee in the form of commercial invoice. In the international trade, there are very few instances of drawing a clean bill of exchange Read more [...]

HOW TO OPERATE THE ACCOUNTS

Posted on February 14, 2015
HOW TO OPERATE THE ACCOUNTS Issue of cheque books Requisition for cheque book (except in the case of new account) is necessary for issuing a cheque book. Refer to system to see - That the requisition slip is from the current cheque book. - Requisition is on prescribed form supplied as an additional leaf in the cheque book. - That the requisition slip has not been reported lost. 3. Have signature verified. Note the number of cheque leaves required (and whether bearer or order cheques Read more [...]

How to Risk Identify with customer

Posted on February 14, 2015
How to Risk Identify with customer For proper risk assessment of business relationship with customers and evolving suitable monitoring mechanism, all new customers are to be categorized as High risk, Medium risk or Low risk entities. While the extent of knowledge / information available on customers to prove their identity sufficiently will determine the risk perception as well as risk categorization, an illustrative list of customers / groups for assignment of different risk categories are given Read more [...]

How to Analysis Demand

Posted on February 11, 2015
How to Analysis Demand Demand Analysis Demand = Desire + Ability to Pay + Willingness to Pay  Introduction  Concept of Demand Individual Demand and Market Demand Factors affecting Demand Types of Demand Law of Demand Variation and Changes in Demand   1.  Introduction Ordinarily by demand we mean desire. But demand is different from desire. The willingness to have something can be called as desire. Those desires become demand which are backed by purchasing power, Read more [...]

How to bank contribute to economic developments

Posted on February 10, 2015
How to bank contribute to economic developments Economic developments and bank are closely related with each other.It is not possible to economic developments without modern banking systems. Banking contribution is essential in all sectors such as : Trade  commerce,  Agricultural developments,Industrial developments and other economic area. Trade  commerce: Contributions to the Foreign trade 1. Import and Export Trade 2. Financing Foreign Trade 3. Collecting Foreign Exchange 4. Read more [...]

How to justify the efficiency of an ideal bank

Posted on February 9, 2015
How to justify the efficiency of an ideal bank Successful of  a bank depends on efficiency of a banker.Which bank are efficient their success are near with them.These efficiency depends on various factors of a bank.   These are given below: a) Organization related factors b) Employee related factors c) Methods of operation related factors d) Performance related factors e) Client service related factors f) Other factors   a) Organization related factors i) Read more [...]

Functions of Modern Banks

Posted on February 8, 2015
Functions of Modern Banks As a financial organization bank main function is to receive deposit and invest to the customers.Beside this bank contribute to industrial developments, social developments , business developments and economic developments etc. Modern Banks functions are mainly divided in to two category: 1. Micro Functions 2. Macro Functions   1. Micro Functions: i) Receiving deposit. ii) Allowing Interest iii) Extension of credit and receiving interest iv) Creation Read more [...]