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DELIVERY OF SHIPPING DOCUMENTS

 

Government of Pakistan

State of Bank Pakistan

July 01, 2004

 

F.E. Circular No. 09 of 2004

 

All Authorized Dealers

in Foreign Exchange.

 

Dear Sirs,

 DELIVERY OF SHIPPING DOCUMENTS

 

Attention of Authorized Dealers is invited to the sub-paragraphs (i) & (ii), para 11 of Chapter XII of Foreign Exchange Manual (Eighth Edition-2002), which interalia, envisage drawing of the export documents to the order of the bank in importer’s country where goods have been exported against advance payment or irrevocable letter of credit.

 

2. For further facilitating exporters and foreign buyers the instructions contained in the sub-paragraph (i) & (ii) of para 11 ibid have been revised to cater for direct delivery of shipping documents by the exporters. Accordingly, on receipt of advance payment in full (100%) against the export of goods from Pakistan, it shall be permissible for Authorized Dealers to release the documents to the exporters for despatch directly to their buyers/consignees. The following amendment by way of addition has, therefore, been made in para 11 of Chapter XII of Foreign Exchange Manual (Eighth Edition-2002) whereby the under noted para is added at the end of para (i)(b) and (ii):-

 

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