Bill of Exchange Generation for International Trade

What is a Bill of Exchange in international trade?

A Bill of Exchange is a legal document used in international trade(exim) as a financial instrument. It represents an unconditional order by the exporter (drawer) directing the importer (drawee) to pay a specified amount at a fixed or determinable future date. It’s widely utilized in global trade transactions to provide payment security, facilitate smooth business transactions, and enhance trust between trading partners.

Click Here to Download Sample bill-of-exchange

Details Example from a Typical Bill of Exchange:

Exporter (Drawer): [Exporter Company Name & Address]

Importer (Drawee): [Importer Company Name & Address]

Invoice Number & Date: Specific reference to exported shipment

Amount Payable: Clearly defined total amount

Terms of Payment: 90 Days from Bill of Lading Date

Due Date: Clearly defined payment due date

Bank Details: Details of the exporter’s bank account

Authorized Signature: Signature and stamp of exporter for authenticity

How Does a Bill of Exchange Work?

The exporter generates and issues the Bill of Exchange to the importer.

The importer reviews, accepts, and confirms the payment obligation.

The accepted Bill may then be presented to a bank for collection, discounting, or negotiation.

Payment is made on the maturity date according to the stated terms (such as 90 days after the Bill of Lading).

Who Needs a Bill of Exchange?

Exporters who ship goods internationally and require payment guarantees.

Importers who prefer clear, structured terms for international trade payments.

Banks and financial institutions managing international trade financing.

Businesses engaging in cross-border transactions need secure payment mechanisms.

How Shipzy Helps with Bill of Exchange

With Shipzy Export-Import ERP Software, you can automatically generate accurate and professional Bill of Exchange documents based on invoice selection, significantly reducing manual work and potential errors.

Benefits of Using Shipzy:

Automated Document Creation: Generate Bills of Exchange instantly, pulling details directly from invoices.

Enhanced Accuracy & Efficiency: Minimize errors and streamline your financial document workflows.

Seamless Compliance: Ensure all generated documents adhere to international trade and banking standards.

Integrated Workflow: Link seamlessly with other export documentation, simplifying complex export-import processes.

Our Clients

With shipzy, we have significantly reduced document errors, resulting in smoother customs clearance and improved customer satisfaction. It's easy to find all documents in one place.

Tiles exporter - morbi

Shipzy is a game-changer for our export businesses. It has revolutionised our documentation process, saving us hours of manual work. The ability to create documents from anywhere is truly amazing!

Jitendra shah - spice exporter

It has been a rewarding experience working with this Shipzy Export Import Software on our recent software development project, and we are extremely pleased with the results. Mukesh Bhai and Pinal Ma'am are both exceptionally supportive, innovative in their ideas, and quick to respond to any queries or challenges we presented. They consistently delivered high-quality work within our budget and on time and always honoring their commitments. One of the most impressive aspects of working with them is their ability to align innovation with our working patterns, allowing us to achieve smoother operations and significant manpower cost savings. Their team specially Jadeja Bhai and others are not only highly skilled but also cooperative and dedicated to ensuring the success of the project. We highly recommend their services to anyone looking for a reliable and efficient partner in software development.

Murtuza Foods - Mahuva

Bill of Exchange

What is a Bill of Exchange in international trade?