|
|
Export |
|
|
Export refers to transaction related to sale of
commodities, machineries, materials, etc to foreign
counter parties abroad and allowed to leave
Ethiopian territory. Banks in export transactions
deal only in documents. "Documents" in export
transactions refer to the following set (item no. «
a » is optional but « b » is compulsory.)
a. "Financial documents" means bills of exchange or
promissory notes used for obtaining the payment of
money.
b. "Commercial Documents" means commercial invoices,
transportation documents [like Bill of Lading (B/L),
Air Waybill (AWB), Truck Waybill (TWB), Rail Waybill
(RWB), Parcel Post Receipt (PPR)], Packing List,
Certificate of Origin, documents of title or other
similar documents, or any other documents
whatsoever, not being financial document.
The four methods of payment allowed by the
regulation for this type of activity are listed here
below based on risk level (starting from less risky)
to Ethiopian exporters.
|
|
