BANK LOAN, SHIPING TERMS AND CARGO BOOKING

BANK LOAN

If any body take loan from any bank & he will not pay interest following in the bank rules:

1. Classified: If any body not pay interest within 6 month end of that period is called classified.

In this period bank calculate interest as a bank profit. It never been reduced.

2. Suspension: The period after 6 months of classified is called suspension. Bank shows interest in lager. Its have chanced to reduce 50% depend on customer actual situation.

3. Bed loan: The period after 6 months of suspension is called Bed loan period. Banks don’t show interest in lager. It can reduce 100% but depend on customer actual situation.

SHIPPING TERMS

1. CM- cost of making / cutting & making.

2. FOB- free on board / freight on Bord.

3. C& F- cost & freight / clearing & forwarding.

4. CIF- cost, insurance & freight.

5. CIFI- cost, insurance, freight & interest.

6. CIFE- cost, insurance, freight & exchange.

7. COD- cash with order

8. CWO- cash on delivery

9. FOW- free on wagon.

10. Franco- Exporter bear the transportation cost  from Exporter store to              

      Importer store.

11. CRF- clean report of finding

12. HS CODE- Harmonic system code.

CARGO BOOKING

Require paper: 1. commercial invoice.

                        2. Packing list (with Gross weight & Net weight) CBM

1. Berthing: shipping line knows an inform when the ship loading.

    Cut off: 12 hours before sailing is called cut off.

    Special sailing: when the ship leave in port permission we take for putting the container in ship before 6 hours from sailing.