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Chapter 89 of the Harmonized System

Chapter 89 of the Harmonized System. A, Generalized System of Preferences E, Caribbean Basin Initiative (CBI) Preference IL, Israel Free Trade Agreement (FTA) Preference J, Andean Agreement Preference MX,NAFTA Canada Preference CA, NAFTA Mexico Preference. Seller (Exporter). Buyer

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Chapter 89 of the Harmonized System

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  1. Chapter 89 of the Harmonized System A, Generalized System of Preferences E, Caribbean Basin Initiative (CBI) Preference IL, Israel Free Trade Agreement (FTA) Preference J, Andean Agreement Preference MX,NAFTA Canada Preference CA, NAFTA Mexico Preference

  2. Seller (Exporter) Buyer (Importer) 1 Contract 5. Seller ships goods 2 .Importer applies for credit: Credit Established 6. Seller sends shipping documents to his bank 4. Bank informs exporter 8.Seller’s bank pays 7.Exporter’s bank sends documents Importer’s “issuing" bank Exporter’s Bank 9. Issuing bank pays 3 .Importer’s bank confirms buyer has credit

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