BCBA-Export guide-Export performance

In the case of direct export, the transaction by which the export price was paid is recognized as export performance.
Indirect export is applied to a case when a company provides raw materials or products to an exporting company rather than direct export. If you have a domestic letter of credit or purchase confirmation, they are recognized as export performance.
(* Domestic letter of credit: A kind of guarantee that the bank will pay money when supplying goods for export)
(* Purchase confirmation: A document issued by a foreign exchange bank or designated business operator equivalent to a domestic letter of credit)

Classification		Certifying Institution	Performance recognition amount
General	Direct export	Korea International Trade Association, Korea Trade Statistics Promotion Institute	FOB price
	Direct export	Korea Customs and Trade Development Institute	FOB price
	OEM/ODM	Korea International Trade Association, Korea Trade Statistics Promotion Institute	FOB price
	OEM/ODM	Korea Customs and Trade Development Institute	FOB price
	Direct export	u-TradeHub (foreign exchange bank)	Confirmed amount
	Export by service	Korea International Trade Association	Confirmed amount
	Intangible goods export	Korea International Trade Association, Korea Software Industry Association	Confirmed amount
By main trade customer	Transit trade	Foreign exchange bank	FOB price – CIF price
	Switch export	Foreign exchange bank	Confirmed amount
	Processing export on trust	Foreign exchange bank	Sales amount – (Raw material export amount + consigned processing fee)