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Date post: 04-Nov-2015
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  • The commercial documents are those which by customs of trade, are required for effecting physical transfer of goods and their title from the exporter to the importer and the realization of export sale proceeds.14 out of the 16 commercial documents have been standardized and aligned to one another.Shipping order and bill of exchange could not be brought within the fold of the aligned documentations system because of their very different date elements and having very little documents in common with other commercial documents.

  • COMMERCIAL DOCUMENTS

    EXPORT DOC. AUXILIARY DOC. -COMMERCIAL INVOICE - PERFORMA INVOICE -PACKING LIST -INTIMATION FOR INSPECTION -BILL OF LADING -SHIPPING INSTRUCTION -INSURANCE CERTIFICATE -INSURANCE DECLARATION -CERTIFICATE OF ORIGIN -BILLS OF EXCHANGE -MATE RECEIPT

  • A commercial invoice is a bill for the goods from the seller to the buyer. These invoices are often used by governments to determine the true value of goods when assessing customs duties. Governments that use the commercial invoices to control imports will often specify its form, content, number of copies, and language to be used, as well as other important details

  • The Packing List is refers to the particular of the contents of an individual pack, while the packing list is a consolidated statement of the contents of a number of cases or packs.It should include the packing note number, date of packing, name and address of the exporter , name and address of the importer , order number, date, shipment , bill of lading number and date, marking number, and the contents of the goods in terms of quantity and weight.Normally ten copies of the packing note/list should be prepared . The first is to be sent with the shipping document , two copies in advance to the buyer , one to the shipping agent and the remaining retained by the exporter.

  • Bill of Lading is the official document prepared by the carrier duly accepting the goods for shipment containing information like item, quantity, value, vessel details, date, port, consigner , consignee etc. Bill of lading is a contract to carry the goods to the said destination based on which seller can claim consideration and buyer can take delivery of the goods

  • Insurance is a policy from a large financial institution that offers a person, company, or other entity reimbursement or financial protection against possible future losses or damages.

  • Documents that certifies a shipment's country of origin. It is used member of a trading block where special privileges are granted to goods produced in certain countries. Certificates of origin is commonly issued by a trade promotion office, or a chamber of commerce in the exporting country. Also called declaration of origin.

  • A bill of exchange is a written order by the drawer to the drawee to pay money to the payee. The most common type of bill of exchange is the cheque, which is defined as a bill of exchange drawn on a banker and payable on demand. Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date sometime in the future.

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