Tuesday, January 19, 2010

Learn Import Export

There is generally some variation in the documentation required for trade from country to country but they’re sure to include the following:
Purchase order – It seems like a business requirement but it may be needed for financing. The purchaser may need to show the order to his bank to organize a temporary loan or customs may want to see the paperwork to make sure everything is valid.
Letter of credit – this is used for making payments for imported goods, once the necessary documents are handed over (see, we told you they were important). A letter of credit basically says that the importer’s bank guarantees to pay provided all the papers stipulated in it are in order.
Shipment documents – a bill of lading is needed for sea shipments or an airway bill when goods are sent by plane, as proof that the goods have been sent by the supplier.
Certificates of origin – Several countries have restrictions on the learn import of goods from certain other countries, and may apply tariffs to these goods or ban them altogether. Alternatively, there may be tariff benefits accorded to goods from specific supply sources. In such cases, an learn export will need to submit a Certificate of Origin, which is endorsed by a designated regulatory authority.
Quality or inspection certificates – if the buyer specifies an inspection prior to shipment, these are paramount to making sure the deal is confirmed.