Software Sale: We have designed it as ERP Software as all garments manufacturer can store their data into system
Proforma Invoice Definition
Proforma invoice PI is defined as an pre-invoice which is sent to a customer before they receive product. For customers generally, it serves two major purposes. Firstly a PI – proforma invoice allows buyer to see estimates on what their invoice will be – shipping cost, product cost, processing fees and more. Secondly the proforma invoice -PI format is a record to be presented to customs agents when attempting to import or export items.
Packing : International Standard Exportable Sea Packing.
Payment : full payment by TT,
Bank : Declare your Bank Name as follows:
Beneficiary: FAKO INT’L TRADING CO.
Bank: HSBC Hong Kong
Beneficiary Bank Code: 005
Swift Code: HSBCHLLKHKH
A/C No.: 5689-54265-222
Shipment : Within 2days after payment.
Insurance : Covered by Buyer
Validity : 30 Days
The Seller: FAKO The Buyer: AUTO GARMENTS LIMITED
Signature: Signature:
Date: 2016/8/24 Date: 2016/8/24
Example: ================== Accessories Company to Garments Factory =================
PROFORMA INVOICE
INVOICE NO. NAA/Beng/0/2018 DT: 25-04-20132
TO,
AUTO GARMENTS LTD.
826 LOKER PARA,
GHATAIL TANGAIL
SL NO
ITEM DESCRIPTION
QTY
U/PRICE
AMOUNT
01.
PRINTED POLY BAG
3167/dz
$1.50
$4750.50
02.
BLISTER POLY BAG
100/dz
$2.50
$250.00
TOTAL
$5000.50
IN WORDS: Five Thousand & Cents Fifty only.
Payment :
Payment will be made US Dollar on Bangladesh Bank. A. By Irrevocable Back To Back Letter of Credit at 90 days sight from the date of Negotiation. B. PI should be attached with LC copy
Production:
Subject to receipt of L/C & UD
Time of Negotiation:
60 Days indicating partial delivery allowed. 15 Days from the date of shipment. Partial & Transshipment is allowed.
Interest:
Interest of usance period at LIBOR rate on Openers Account.
Insurance:
Insurance to be covered by the LC Opener.
Bank Charges:
All Bank Charges are on openers Account.
Overdue Interest:
Payment to be made within the date of maturityIf failed overdue interest to be paid by opener at 20%
Claim :
Supplier (Beneficiary) is not liable more than the value of this invoice in case of any claim in future
Complain:
Complain regarding quality / quantity of the merchandise should Reach to supplier within 7 (seven) Days after receiving goods.
UD Terms:
Product details, qty, value and beneficiary’s name must be mentioned in the UD
LC Transfer:
LC must be transferable and third party documents acceptable
Advising Bank:
JAMUNA BANK LTD. MIRPUR BRANCH. SENPARA PARBATTA, MIRPUR-10, DHAKA-1216. Swift Code: JAMUBDDH056
Download Letter of Transmittal [wpdm_package id=’128′].
We have develop commercial ERP software for textile factory. Please communicate with us at apparelsoftware@gmail.com to purchase it. Garments manufactures can input letter of transmittal data in this software.
Letter of Transmittal
July 7, 2001
Md. Mashiur Hosaain
Associate Professor
Institute of Business Administration
Dear Sir:
Here is the report on the “Management Problems & Potentials-A Study on the Textile Sector in Bangladesh”. The report is presented with a primary objective of fulfilling the partial requirement for the course on Principles of Management.
In this report you will see the total structure of textile industry in Bangladesh and the management problems and potentials prevailing in this sector. While analyzing the structure of the textile industry of Bangladesh, first we have tried to cover three main sub sectors of the industry. Then we have discussed the management problems prevailing in the textile industry. We are confident that this logical order will aid to judge the management problems and potentials prevailing in the Bangladesh Textile Industry.
We are grateful to you for letting us know this sector’s pros & cons. Not only has this endeavor made us know the management style in the textile sector in Bangladesh well, but also has given us the insight about the much talked-about “Backward Linkage” issue.
We experienced the spirit of teamwork throughout the process of this collaborative writing. Thank you for this wonderful opportunity.
Click and Download Original Format of Back to Back L/C from here [wpdm_package id=’120′]
We have develop Garments ERP where we can input all information and capable to generate report. Please contact us for ERP software at apparelsoftware@gmail.com
Example of Back To Back Letter of Credit Format
BACK TO BACK LETTER OF CREDIT
TELEX NO : ________________________________________________________________ TO : ________________________________________________________________ FM : ISLAMI BANK BANGLADESH LTD, LOCAL OFFICE, DHAKA-1000, BANGLADESH. TEST _____________________________ ON USD ____________________________ DATED _____________________ (.) WE ISSUE OUR IRREVOCABLE _______________________ DOCUMENTARY CREDIT NO. IBL/BB/ DTD. ______________________________ AS PER DETAILED BELOW :-
BENEFICIARY : M/S. ________________________________________________________ . ______________________________________________ . ______________________________________________ AMOUNT : USD _______________________________________ (SAY U. S. DOLLAR) . ________________________________________________________
LAST DATE OF SHIPMENT : ________________________________________ NEGOTIATION : WITHIN DAYS OF SHIPMENT BATE OF EXPIRY : ________________________________________ TRANSHIPMENT ALLOWED UNDER THROUGH B/L / NOT ALLOWED PARTSHIP[MENT ALLOWED/NOT ALLOWED. COMBINED TRANSPORT DOCUMENTS NOT ACCEPTABLE SHORT FORM, BLANK BACKED, CHARTER PARTY & THIRD PARTY BILL OF LADING/AIRWAY BILL NOT ACCEPTABLE SHIPMENT PRIOR TO L/C DATE NOT ACCEPTABLE. SHIPMENT FROM _____________________________________ TO CHITTAGONG/DHAKA(BY SEA/AIR) SHIPMENT OF GOODS COVERING:FABRICS ___________________________________________________________ ____________________________________________________________________________________________________ ____________________________________________________________________________________________________ ____________________________________________________________________________________________________ N ACCESSORIES FOR USD _____________________ FOR HUNDRED PERCENT EXPORT ORIENTED READYMADE GARMENTS INDUSTRY EXACTLY AS PER PROFORMA INVOICE NO. ______________________________________ DTD. _____________________________ OF THE BENEFICIARY SUBMITED AT OUR COUNTER. THIS DOCCREDIT AVAILABLE BY NEGOTIATION AGAINST BENEFICIARY DRAFT IN DUPLICATE AT 120 DAYS SIGHTFROM THE DATE OF ACCEPTANCE/NEGOTIATION DRAWN ON OURSELVES A/C APPLICANT UNDER OUR DOCCREDIT FOR 100 PCT. CNF INVOICE VALUE ACCOMPANTED BY THE FOLLOWING DOCUMENTS : A. SIGNED INVOICE IN 8 FOLED CERTIFYING MERCHANDISE OF __________________________________________ ORIGINAL INVOICE MUST SHOW LCAF NO. ____________________ UNDER BONDED WARE HOUSE LICENCE SYSTEM, EXPORT L/C NO. B. FULL SET OF CLEAN ON BOARD OCEAN BILL OF LADING OF A REGULAR LINER VESSEL/AIR WAYBILL MARKED “FREIGHT PREPAID” DRAWN ON OR ENDORSED FAVOURING/CONSIGNED TO L/C OPENING BANK NOTIFY APPLICANT OF L/C ___________________________________________________________ C. BENEFICIARY MUST ADVICE APPLICAN, M/S. _______________________________________________________ _____________________________________________ AND TO L/C OPENING BANK MENTIONING COVER NOTE NO. ______________________________________ AND L/C NO. IBL/BB/__________________________________________ GIVING _______________________________ FULL DETAILS OF SHIPMENTS. A COPY OF THIS ADVICE MUST ACCOMPANY EACH SET OF DOCUMENTS.
D. CERTIFICATE OF ORIGIN IN DUPLICATE FROM CHAMBER OF COMMERCE/GOVT. CLEARLY MENTIONING COUNTRY OF ORIGIN OR PACKING/CARTON/CONTAINER FOR CUSTOMS CLEARANCE. E. DETAILS PACKING LIST IN 4 FOLDS. F. PER-SHIPMENT INSPECTION CERTIFICATE TO BE USSUED BY AT BENEFICIARY’S COST MENTIONING THAT THEY HAVE INSPECTED AND SATISFIED TOQUALITY QUANTTIY OF THE GOODS AS PER L/C TERMS. OTHER TERMS AND CONDITIONS 1. SHIPMENT BY ISRAEL FLAG VESSEL/CARRIER PROHIBTIED. 2. ALL FOREIGN BANK CHARGES UNCLUDING REIMBURSING BANK’S CHARGES OUTSIDE BANGLADESH SHOULD BE ON BENEFICIAR’S ACCOUNT. 3. ADDITIONAL AMOUNT EXCEEDING THE CREDIT VALUE IF ANY WOULD BE PAID BY US AT THE RATE PREVAILING IN BENEFICIARY COUNTRY BUT NOT EXCEEDING “LIBOR” ON MATURITY DATE UPONRECEIPT O SEPARATE CLAIM MEMO OF BEBEFICIARY ALONGWITH ORIGINAL DOCUMENTS THROUGH NEGOTIATING BANK DULY ACCEPTED BY APPLICANT. CLAIM MEMO IF SENT BY SEPARATE MAH, WILL NOT BE ACCEPTED. 4. ONE SET NON-NEGOTIABLE DOCUMENTS INCLUDING DETAILED PACKING LIST MUST BE DESPATCHED TO APPLICANT WITHIN DAYS AFTER SHIPMENT BY COURIER/SPEED POST, RECEIPT MUST ACCOMPANY DOCUMENTS. 5. GOODS MUST BE SHIPPED IN CONTAINER. IN CASE OF SEA SHIPMENT. 6. LENGTH OF FABRICS PCS. LESS THAN 20 YDS. NOT ACCEPTABLE. A CERTIFICATE TO THIS EFFECT MUST ACCOMPANY EACH SET OF DOCUMENTS. 7. ADD CONFIRMATION CHARGES FOR USD- ON BENEFICIARY’S A/C WHICH WILL BE DEDUCT FROM PAYMENT. INSTRUCTION FOR NEGOTIATING BANKER: A.A. UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO. 1949102 WITH AMERICAN EXPRESS BANK LTD.NEW YOUK, USA PROVIDED DOCUMENTS CMOPLY STRICTLY WITH CREDIT TERMS IN CASE O PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY. A.A. UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO 3582-066939-001 WITH STANDARD CHARTERED BANK LTD. NEW YOUK, USA PROVIDED DOCUMENTS COMPLY STRICTLY WITH CREDIT TERMS IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY. A.A UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO.3607-6621 WITH CITI BANK NA NEW YORK, U.S.A PROVIDED DOCUMENTS COMPLY STRICTLY WITH CREDIT TERMS IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY. A.A. UPON MATURITY CLAIM REIMBURSEMENT FROM OUR ACCOUNT NO 010020ISLA00 WITH MASHREQ ASIA LTD. HON KONG PROVIDED DOCUMENTS COMPLY STRICTLYWITH VREDIT TERMS IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY. A.A UPON RECEIPT OF DOCUMENT COMPLYING CREDIT TERMS WE SHALL COVER AS PER YOUR INSTRUCTION ON MATURITYTO YOUR DESIGNATED BANK ACCOUNT IN NEW YOUK, U.S.A. IN CASE OF PAYMENT BEFORE MATURITY, ADDITIONAL AMOUNT WILL BE REDUCED PROPORTIONATELY. BB. DOCUMENT WITH DISCREPANCY MUST NOT BE NEGOTIAED EVEN UNDER RESERVE WITHOUT OUR PRIOR APPROVAL CC.DOCUMENT TO BE SENT TO US BY COURIED/SPEED POST. THIS INS OPERATIVE INSTRUMENT AS PER UCPDC(1993 REV.) ICC PUB-500 ADVISER WITH ADDING CONFIRMATION AT BENEFICIARY’S COST. NEGOTIATION(S) RESTRICTED TO L/C ADVISING BANK ONLY AGAINST THEIR ADDING CONFIRMATION TO THIS CREDIT.
All garments and textile uses different types of accessories. Accessories require for making a garments. Some example of accessorizes are care label, hang tag, button, chain, zipper, raw material, hook, etc
This is demo sales contract for learner. All information is fake here. Sales contract is preliminary step of LC – Letter of Credit. Sales contract is a deed between buyer and manufacturer.
This irrevocable cortract made between H&M Hennes & Mauritz GBC AB, Master Samuelsgatan 46A 106 38 Stockholm, Sweden & Auto Garments Ltd., 826- Loker Para, Ghatail, Tangail under the following terms and condition –
Name and Address of Consignee :
H&M Hennes & Mauritz GBC AB, Stockholm, Sweden
H&M Hennes & Mauritz GBC AB, Oslo, Norway
H&M Hennes & Mauritz Netherlands B.V. The Netherlands
H&M Hennes & Mauritz Netherlands B.V. Denmark
H&M Hennes & Mauritz Netherlands B.V. England
H&M Hennes & Mauritz Netherlands B.V. Austria
H&M Hennes & Mauritz Netherlands B.V France
H&M Hennes & Mauritz GBC AB, S – Stockholm , Switzerland
H&M Hennes & Mauritz GBC AB, Germany
H&M Hennes & Mauritz S.L, Spain
H&M Hennes & Mauritz GBC AB, Poland
H&M Hennes & Mauritz LP. USA
H&M Hennes & Mauritz GBC AB. Canada
H&M Hennes & Mauritz GBC AB. Hongkong
H&M Hennes & Mauritz Commercial Ltd Co. China
H&M Hennes & Mauritz GBC AB, Stockholm, Middle East
H&M Hennes & Mauritz Japan K K. Japan
H&M Hennes & Mauritz LLC, Russia
Name and Address of Consignee’s Bank : HSBC in New York, U.S.A.
Tolerance : 2% +/- in Quantity and Value Acceptable. Garment Description, Garment Quantity, Unit Price and Total Value can be amended as per order sheet.
Quota Category : Non Quota/Quota.
Transport documents : For Sea shipments – Transport documents will be issued by Maersk Logistics to the order of negotiating Bank marked freight collect.
. : For Air shipments – House Air Way Bill will be issued by ICL marked freight collect/freight prepaid .
. : For Sea-Air shipments made by Maersk Logistics, transport documents will be issued marked freight Prepaid / collect.
. : Upon receive the payment, negotiating bank of …………… will endorse the transport documents in favour of H&M Hennes & Mauritz GBC AB and will hand over to Mearsk Logistics Ltd / ICL Dhaka Bangladesh (with in 3 days after receiving the payment).
Mode of Shipment : FCA Chittagong by Sea or FCA/CPT Dhaka/Hamburg by Air or FCA Chittagong / CPT Hamburg for Sea-air shipment. (Applicable one)
Insurance : to be covered by buyer upon received the cargo by the nominated forwarders.
Latest Date of Shipment : 29th Sep to 13th Oct’2014.
Expiry of the contract : After 30 days from the date of shipment.
Payment Terms : By TT within 20 days from the required documents submission to Puls Trading Far East Ltd, Bangladesh Liaison Office mentioning the contract number and the invoice number, by showing 2% discount from the total alue.
. : In case of absence/irregularities or discrepancies in below required documents H&M Hennes & Mauritz GBC AB will withhold payments until documents are corrected.
Name of supplier’s Bank : Dutch Bangla Bank Ltd., Motijheel Br., Dhaka, Bangladesh. SWIFT # PRBLBDDH005
Account Number : DD-01587455544
Authentication : Counter signed by Puls Trading Far East Ltd, Bangladesh Liaison Office bank HSBC in Dhaka.
All Details : As per Order Sheet & Terms and Conditions of Purchase – As per H&M Standard Purchase Conditions.
Required documents to be submitted to Puls Trading Far East Ltd, Bangladesh Liaison Office:
Original signed invoice & packing list covering gross weight/net weight & summary sheet.
Original Certificate of Origin/GSP Form-A/APTA/ B255E/CCI (if applicable).
Documents for payments: Shipment/Feeder vessel wise combined Payment Invoice.
Copy of Original FCR (Sea-air) and Original HAWB (Air) with in 7 days after vessel sailing/flight departure.
——————————- ———————————- For and on Behalf of : For and on Behalf of : Auto Trading Far East Ltd, Bangladesh Liaison Office House 826 , Road No. 43, Ghatail, Tangail, Bangladesh.
