Process Flow
-
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