STEPS for Commercial work (FOB)

#1. Send PO/PI to Customer for open LC.
#2. Customer accept the PO/PI and send to his Bank For Open LC.
#3. Customer Bank Issue LC for Supplier.
#4. Advising Bank receives the LC.
#5. Advising Bank Send the LC to Supplier.
#6. Supplier Accept the LC and Lien Mark to his Bank.
#7. Supplier Open BTB LC against Master LC.
#8. Supplier Shipped the Goods as per LC terms.
#9. Supplier Prepare all Export documents.
#10. Supplier Collect the BL from Forwarder.
#11. Supplier Submit Export Documents to his bank.
#12. Supplier Bank sends the Export documents to LC issuing Bank for Payment.
#13. LC issuing Bank sends Documents to Customer for Accept.
#14. Customer accept the documents and issuing Bank send payment to supplier Bank.
#15. Supplier receives his Payment on his account after deduct the BTB Amount.