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EXPORT DEPARTMENT
Bi ll s, drafts, bil l of exchange, negotiabl e i nstruments, si ght drafts, term drafts, clean drafts, documentary drafts, documentary col lecti ons, letters of credit, LC. avali sed term drafts, banker's acceptance, trade acceptance, drawer, drawee, remitti ng banks, nominated banks, col lecti ng banks, presenting banks. letters of credit amendments, transferabl e l etter of credit, latest negotiati on date, transport documents, L/C expi ry date, draft, ports of ori gi n, ports of desti nation, l atest shipment, l atest date of shipment, l ast date for shi pment, transhipment, transshi pment, parti al shi pments. exportati on, importation, export, i mport, service exporters, export trader, export trade portal , export trading, exporters associ ation, export manufacturer, export marketi ng, exporters gui des. export di rectory, manufacturi ng exporters, ai wan exporters, aiwan i mporters, !ong "ong exporters, !ong "ong importers, trade shows, trade fai rs. China exporters, China importers, export manufacturing, export
consul ti ng, export trade leads, i mport trade l eads, international business, trade exhi bi ti ons. letter of credit, insurance, trader, trading, exportaci on, i mportacion, internet adverti si ng, onli ne adverti sement, e#commerce, electroni c commerce. l ogi sti cs, transportation, transports, cargo insurance, ocean shippi ng company, couri er, ai rl ine, customs broker.
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Bills of Exchange (Drafts)
The bill of exchange, commonly referred to as the draft or the bill, is an unconditional
order in writing, signed and addressed by the drawer (the exporter usually) to the drawee
(the confirming bank or the issuing bank usually), requiring the drawee to pay the drawer
a certain sum of money at sight or at a fixed or determinable future time.
The draft is widely used in international trade, most frequently in the payment
against a letter of credit (L/). !t is also used in the open account without any L/
in"ol"ed.
Drafts Drawn On the Ban
!n the sample L/ the draft is drawn on the confirming bank, which is The Moon
Ban. The !"# Ex$orts may issue a draft drawn on The Moon Ban as
follows#
%a&$le 'nstr(&ent) Draft

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