TO THE ORDER OF BANK OF IDBI IRAN

Business Nature: Financial Institution / Bank

Description:

IDBI Bank (Industrial Development Bank of India) acts as a financial intermediary for international trade transactions involving Iran. The entity "TO THE ORDER OF BANK OF IDBI IRAN" is not a manufacturing factory or a commercial trading company. It is a banking designation used in trade finance documents, such as Bills of Lading or Letters of Credit, to secure payment and legal title of goods during the shipping process. The bank holds the title to the goods as collateral until the importer fulfills the financial obligations stipulated in the trade agreement.

Classification: Financial Institution (Bank)

The entity TO THE ORDER OF BANK OF IDBI IRAN is a financial designation used in international trade documentation, specifically in Bills of Lading, rather than a manufacturing or commercial company that produces goods.

In this context, the bank acts as a consignee or a financial intermediary to secure payment for exported or imported goods. The products associated with this entity are determined by the specific trade transaction or commercial contract involving Iranian entities, which typically include but are not limited to the following categories:

Petrochemical products

Chemicals and fertilizers

Crude oil and refined petroleum products

Agricultural commodities such as pistachios, saffron, and dates

Construction materials like cement and steel

Hand-woven carpets and rugs

Mineral ores and industrial metals