The bank clock
starts at shipment.
State Bank rules set the outer date. The proforma can be sooner. The first season is not an open account.
Zarkaar invoices export lots in the currency on the proforma, usually US dollars. The money comes home through a Pakistani authorised dealer. Under State Bank Notification No. F.E. 1/2022-SB of 5 January 2022, proceeds are due on the contractual date or within 120 days from shipment, whichever is earlier, unless a tighter rule applies to that payment type.
The commercial term you actually sign is often sooner than that outer clock. A new buyer pays 50 percent by telegraphic transfer in advance and 50 percent against documents. After two seasons we can work a sight letter of credit or 30-day documents against acceptance. We do not open an account and ship the first season on trust.
Three payments people mix up
They share the number 20 or the word deposit. They are not the same instrument.
Shipment T/T
Half before we book the vessel or the flight, half against the documents. This is the export default for a new buyer. It is not a fertiliser transaction.
Mango season deposit
A 20 percent deposit holds volume. Booking opens on 1 January. Sindhri closes in mid-March. Chaunsa closes at the end of April. The deposit does not replace the 50/50, and it does not lock the freight unless the proforma says so. Spot fruit later in the season is about 15–25 percent above contracted volume.
Fertiliser rate-lock
A different business. Twenty percent advance, 14 days, the bag rate on the day you order. It does not freeze transport, and it does not create an export file.
What the bank sees
The authorised dealer keeps the trader profile. Pakistan Single Window carries the declaration that proceeds will arrive through that dealer. When the term needs it, the letter of credit, the collection, or the advance is associated as the financial instrument. We do not print the bank, the IBAN, or the instrument number on this page. Those land in the invoice pack for the lot.
When the money arrives, the bank records it. A shortfall against the declared value has to be explained. We do not offer a quiet discount after shipment to shrink the file. If a claim is real, it is documented on the arrival-claim page, and any credit note is something the bank can read.
What this page will not do
We do not quote a live dollar rate, a rupee conversion, or a rebate. Duty drawback and the Export Facilitation Scheme are not a discount we print into your price. If a scheme applies to a lot, the proforma says so in words, not as a guessed percent.
Domestic counter sales are cash on delivery in rupees. They never enter this export clock.
FAQ
Frequently Asked Questions
Can we pay the balance 120 days after arrival?
Which bank do you use?
Does the mango deposit lock the freight?
Do you ship open account in year one?
Get in touch
Say whether this is your first season.
The answer picks the instrument. The crop picks the invoice.
Mon–Sat 9:00 AM – 7:00 PM PKT · Shesha Basti Talab, Multan, Punjab, Pakistan