Importer's Payment by Bank Draft
Exporter Agreeing with Extension of Draft
This document can be used as a template for the exporter / supplier to respond to the importer / buyer's request to extend the period of the draft. This document can be used when the exporter / supplier agrees with the extension.
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01
Create Document
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02
Fill Information
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03
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04
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Document Description
The document titled 'Importer's Payment by Bank Draft' is an important document that is used in the context of international trade and finance. It serves as a means of payment for goods or services provided by an importer to a foreign supplier. The document contains various sections that provide detailed information and instructions.
The entire document starts with the account holder's first name and last name, followed by their job title. The next section includes the account holder's address, which is mentioned in a single line. The date of the document is then mentioned, indicating the current date.
The main body of the document begins with a salutation, addressing the recipient as 'dear sir/madam.' The purpose of the document is stated, which is to respond to a letter requesting an extension of the tenor of the draft. The account holder acknowledges the special circumstances mentioned and expresses willingness to grant the request.
To facilitate the extension, the account holder encloses a draft drawn at the desired extension. The recipient is requested to add their acceptance to the draft and return it.
The document concludes with a closing phrase, 'yours faithfully,' followed by the account holder's first name, last name, and job title.
Each section of the document serves a specific purpose and provides necessary information to ensure clarity and proper communication between the parties involved. The document's importance lies in its role as a formal means of granting an extension and facilitating payment through a bank draft.
How to use this document?
Guidance for using the document:
1. Enter Account Information: Fill in the account holder's first name, last name, job title, and address in the designated fields.
2. Specify the Date: Update the date field to reflect the current date.
3. Address the Recipient: Modify the salutation to address the recipient appropriately (e.g., 'Dear Mr./Ms. [Recipient's Last Name]').
4. Acknowledge the Request: In the main body, acknowledge the recipient's request for an extension of the draft's tenor.
5. Express Willingness to Grant Request: State the account holder's willingness to grant the extension due to the recipient's prompt settlement of accounts in the past.
6. Enclose the Draft: Include the draft drawn at the desired extension and request the recipient to add their acceptance.
7. Closing: Conclude the document with a closing phrase, such as 'Yours faithfully,' followed by the account holder's first name, last name, and job title.
Follow these steps to effectively use the document and ensure clear communication and proper execution of the requested extension and payment process.
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