Import Processor

JOB SUMMARY:

Responsible for negotiation of payment and release of original shipping documents under Letters of Credit/OA/DP/DA Accounts.

JOB DESCRIPTION:

• Receives original shipping documents from foreign banks through courier
• Receives incoming advise o f negotiation from cable section and informs account
• officers for proper disposition i.e. instruction for booking
• Records in the IB/CLA logbook and assigns numbers in consecutive manner
• Refers to offering memos or credit memorandum regarding conversion rates and other instructions to be used
• Prepares computations of principal and other correspondent bank charges
• Prepares IB/CLA manifold, billing statements, discrepancy letters
• Prepares cable for discrepancy acceptance, reimbursement authority and incoming telex queries to correspondent bank.
• Monitors correspondent bank charges collecte...

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