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On Demand Draft instructions

An On Demand Draft or Bill of Exchange is a demand for sight payment issued by one party (the seller) on another party (the buyer).

The On Demand Draft form is to be used in conjunction with the Export Lodgement instructions.

You should refer to the instructions below to help you complete the form correctly.

 

  • Form - Complete in full without any corrections or alterations.
  • Amount - Complete amount in words and figures including currency .
  • No. - Your reference number.
  • Date - Enter date of bill.
  • To (Drawee) - Overseas party (i.e. the importer or buyer).
  • Signed - Enter company's name in full and sign in terms of authorities.