F
Financed Bills
Bills sent on collection in which the remitting branch has a financial interest.
Foreign Bill Purchased (FBP)
A bill remitted to a correspondent bank in which the remitting branch is financing the exporter - see Financing Export Collections.
Forward Exchange Contract
Contract between the Bank and its customer to buy/sell a fixed amount of foreign currency at a future date at a specified rate. This could be for a customer to make payment under a DC or to sell the proceeds received from an export negotiation.
Freight
Goods OR the cost of transporting goods.
G
General Average
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