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.
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