Import Esubalew D April 6, 2023
International Banking Services

Import Trade Service

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Import

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.