Foreign Trade activities in Bank Asia Ltd

Acknowledgement

First of all I would like to my cordial thanks for almighty Allah whose uniqueness, oneness, and wholeness are unchallengeable guided us in difficult circumstances. All respects are for his holy prophet Hazrat Muhammad (SM) Peace be upon him, who enable us to recognize the oneness my creator. I am greatly indebted to my respected teacher Ms. Tasneema Afreen who always supported me a lot. It was a great experience for me in this first meeting of three months with my Practical life; I have the honor of working with some highly talented, initiative, impressive and inspiring banking executives. They guide me in learning the works performed by them in their routine tasks. They always try to find out my own interest in everything that concern banking. For that purpose they always kept me a huge work under pressure. Entire the internship period I got learns so many things which will be better for my future life. Although all the people working in the bank were very supportive, co-operative and friendly, but still I would like to mentioned some names whom I found topping the list to give thanks and expose my gratefulness to Mr. Zahid Hossain VP and manager and Mr. Md. Mazibur Rahman AVP & Sub manager. And Mr. Nur-E-Alam Senior Officer who
always supports me during my internship period to provides me a various types of information about the report preparing. Finally I express appreciation many others for providing me necessary information
regarding bank.

Executive Summary

The report stands for foreign trade activities in Bank Asia ltd. Foreign trade operation is one of the significant functions of the bank. It plays a vital role in overall economy of the country. Foreign trade contains Import and Export section and foreign remittance department contains inward and outwards remittance. From the beginning to last second of report the entire procedure has been published with the full of required data. All the clauses and steps are clearly mentioned in this report. The details about Letter of credit i.e. classification of L/C, L/C opening procedure, types of L/C, L/C payments moods, required documents, documents checking, transmitting L/C, about pre-shipment inspection when it is needed. Amendment, why it is required and when? Lodgment system. When document is going out retire what the last step of retirement. The entire
system about import financing, how could the bank assist to importer through financing. And also disclose the matter about export procedure. The procedure began to get the ERC (Export registration certificate) by chief controller of import & export office. After that, receiving the letter of credit and advising L/C, necessary document collection and negotiation. How the bank assist to exporter through financing. Last but not the list the foreign trade remittance process. And performance and trend analysis. Here expose export & import growth. The export growth is positive impact for economy.
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