Import Trade Service
Import
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Import Trade Service
Import Advance Payment (TT);
Advance payment is a method through which a seller receives payment from a buyer prior to shipment or the agreed upon goods or rendering the agreed upon service.
Import Letter of Credit (L/C);
A letter of credit is a commitment by the bank to pay the seller of goods or services of a certain sum provided the seller presents the documents specified in the terms of the credit.
Required documents for Import Letters of Credit approval
- One set of import application and L/C application.
- The Importer should be free from NBE Import Delinquent list.
- Three copies of proforma invoices.
- Valid trade licenses.
- Tax Identification Number (TIN) Certificate.
- Insurance certificate.
Import Cash Against Document (CAD);
In this mode of payment the supplier or seller, surrenders documents to his/her drawer’s bank after which the documents are automatically forwarded to the importers on collection basis.
Required documents for Import – Cash Against Document (CAD) approval
- One set of import application.
- Three copies of proforma invoices.
- Valid trade licenses.
- Tax Identification Number (TIN) Certificate.
- Insurance certificate.
- Three copies of chamberized invoice, certificate of origin, and packing list.
- Three copies of shipping documents (i.e. Bill of Lading, Airway Bill, Truck Manifest, Railway Bill, Courier etc. and/or carrier freight invoice).
Import Advance Payment (TT);
Advance payment is a method through which a seller receives payment from a buyer prior to shipment or the agreed upon goods or rendering the agreed upon service.
Required documents for Import – Advance Payment approval
- One set of import application.
- Three copies of proforma invoices.
- Valid trade licenses.
- Tax Identification Number (TIN) Certificate.
- Insurance certificate.
- An undertaking letter to produce customs declaration for the entry of goods into Ethiopia or to repatriate the full amount of foreign exchange availed to the importer.