Visa, MasterCard, Discover and American Express accepted. Select Payments, bills and notices, then choose Make a payment from the expanded menu.Īn Online Services account also allows you to view your current balance on open bills, respond to department notices, review your account summary, and view messages from the department.Select ≡ Services menu in the upper-left corner of your Account Summary homepage.Log in to (or create) your Online Services account.Pay directly from your bank account for free, or pay with your credit or debit card for a fee. Tired of paper bills and notices? Go paperless and receive electronic copies of bills and notices when you sign up for email alerts. If the buyer doesn’t pay, the bank will settle it later in the form of loan or advances.Can't pay in full? Request an installment payment agreement. Here, the buyer’s bank is obliged to pay the full amount to the seller’s bank whether the buyer paid or not paid. The seller then asks his bank (i.e., sellers bank) for payment, who eventually asks the buyers bank. The buyer’s bank settles the payment.The Carrier then request to the buyer to pay the LC amount.The Carrier then getting his own bill of lading, deliver the goods to the buyer. Buyer receives the Bill of Lading and gives it to the carries to unload the goods.Seller takes the Bill of Lading and provides it to his bank (Beneficiary’s Bank), who eventually transfer it to the buyer’s bank, and the buyer’s bank provides it to the buyer.Beneficiary Consigns the goods to a carrier, in exchange of a Bill of Lading (one kind of Challan provided by the carrier of goods) After getting the Letter of Credit, the beneficiary confirms regarding the receiving money of supplied goods.The Buyer submits necessary documents as directed by the LC Issuing Bank, and Bank opens a Letter of Credit.A contract is signed between a buyer and the seller. ![]()
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