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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) Contract Seller ships goods Seller sends documents to his bank Importer applies for credit: Credit Established Bank informs exporter Seller’s bank pays Exporter’s bank sends documents Importer’s “issuing" bank Exporter’s Bank Issuing bank pays Importer’s bank confirms buyer has credit

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