25% Advance TT against proforma Invoice & rest 75% Document against payment (DP) via Bank
Steps :
1. Importer will send PO with NOC
What is NOC ?
NOC is No Objection Certificate send by importer in his letter pad, that if he does not able to clear the goods, exporter has got full right to bring the goods back. This could be also made using photoshop without importer concern.
2. After receiving PO, provide that to ECGC office & get an security cover against payment
3. After receiving the ECGC cover & 25% advance TT, start sourcing the goods
4. Prepare / Generate the documentation required by the importer & provide it to your bank, your bank will forward it to importer bank
5. Bank will call importer & provide documents to importer after receiving 75% of amount & that would be forwarded to your bank & your deal gets close
OR
25% Advance TT & rest 75% against scan copy of BL (Original BL would only be send to importer directly via courier after realizing 100% funds in bank)
Thinking most Negative
At max importer will not go to clear goods & will not visit bank to collect documents required for clearance of goods but we have enough advance to bring the goods back & provide back to the supplier.