Export-Import Documentation in India
Role of Export Documentation
Export Documentation in India
Parties: Interested in export documentation in India
Export Documentation in India
Classification of Export Documents
Commercial Documents
Suggested Readings

Commercial Documents

(9) Bill of Exchange: Also known as Draft, this is an instruments for payment realization. It is a written unconditional order for payment from a drawer to a drawee, directing the drawee to pay a specified amount of money in a given currency to the drawer or a named payee at a fixed or determinable future date. The exporter is the drawer and he draws (prepares and signs) this unconditional order in writing upon the importer (drawee) asking him to pay a certain sum of money either to himself or his nominee (endorsee).