SPA Circular No. 03: Generation of Freight Charge Information via OEMS and OIMS

Foreign Exchange Operation Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd. SPA Circular No-3 Date: August 09, 2023 All Authorized Dealers of Foreign Exchange and All Airlines/Shipping Companies/Licensed Freight Forwarders and General Sales agents working in Bangladesh Dear Sir, Generation of “Information of freight charge on prepaid basis against export”& “Information of freight charge against FOB (or similar term) import” by using Bangladesh Bank Online Export Monitoring System (OEMS) & Bangladesh Bank Online Import Monitoring System (OIMS) respectively. Please refer to Paragraph-1 (viii) (a) & (b) of Chapter-10 and appendix 5/13 of the Guidelines for Foreign Exchange Transactions (GFET), 2018 regarding issuance of certificates by ADs in support of accepting freight in local currency by Airlines/Shipping Companies for export and import. Currently ADs are issuing those certificates manually. 02. Now it has been decided that ADs shall generate￾a) "Information of freight charge on prepaid basis against export" (to be termed as Form FF- Export Prepaid) using Bangladesh Bank Online Export Monitoring System (OEMS) as per instructions given in the User Manual (Freight Forwarder- Import Collect Certificate management Guideline) of ‘Documents’ tab of OEMS instead of issuing certificate manually as mentioned in Paragraph-1 (viii) (a) of Chapter-10 of GFET in favor of concerned Exporter. b) "Information of freight charge against FOB (or similar term) import" (to be termed as Form FF- Import Collect) using Bangladesh Bank Online Import Monitoring System (OIMS) as per instructions given in the User Manual (Freight Forwarder- Import Collect Certificate management Guideline) of ‘Documents’ tab of OIMS instead of issuing certificate manually as per appendix 5/13 of GFET in favor of concerned Importer. 03. Exporter/Importer shall provide ‘Form FF- Export Prepaid’/‘Form FF- Import Collect’ to the concerned Freight Forwarders/ airlines/shipping companies in support of freight charges received in local currency. 04. In this regard, Freight Forwarders/Airlines/Shipping Companies shall collect ‘Form FF- Export Prepaid’ or ‘Form FF- Import Collect’ from the concerned Exporter/Importer in support of freight charges received in local currency and submit the same to the designated AD while remitting their surplus earnings/Freight Charges to their Head Office/ Principal/Counterpart Freight Forwarder abroad. 05. Other instructions contained in Paragraph-1 (viii) (a) and (b) of Chapter-10 of GFET shall remain unchanged. ADs are advised to bring the above instructions, effective immediately, to the notice of all constituents concerned. Yours Faithfully (Mohammad Zahir Hussain) Director (FEOD) Phone: 9530127