Advance payments can be received in the following forms: -

1) SWIFT transfer from foreign banks to account of the exporter.

2) Foreign Cash Notes deposited by the foreign counter part (importer) provided he can present customs declaration of the cash notes obtained from the point of entering the country. A deposit, in any form, by exporter himself is not allowed.

3) Money transfers made using one of remittance service providers such as Western Union.

4) Money obtained from E-Banking cashed at ATMs of the bank

Documents required for Permit Approval

a) Duly signed contract by seller & buyer

b) Foreign inward remittance advice (credit advice) to customerís a/c.

c) Seller's invoice

d) Export License Valid for the year

e) Tax registration certificate (TIN certificate)

f) Export permit application form duly filled, signed & stamped (as appropriate) by the customer.

g) If the export is Teff or Berbere an undertaking letter from the exporter that the goods will be unloaded as mentioned in the export permit (excluding Djibouti and The Sudan)

h) NBE issues delinquent list of exporters periodically. Customerís name should not appear in the delinquent exporters list of NBE for the period. If the name appears, there should be subsequent list indicating the given customer has cleared all outstanding items at NBE.

Expectations from exporters on Advance Payment

There is no risk of any type to the exporter. However, timely delivery of commodities will prove integrity, reliability, etc of the exporter for further deliveries/contracts.