Sunday, March 4, 2012

Import and Export Documentation

In today's world, shrinking, there is hardly any business transactions that do not require the goods and services to cross national shores. Import and export routine activity for many companies, the lifeblood of others. No doubt, you have used imported materials in the company before, but if this is the first time that are imported or exported directly something yourself, the following checklist will help you.

It is said that international trade does not deal with the goods or services, but with the documents. Strange, but true! Importance can not be overstated papers right when it comes to import and export transactions. If you're the type who can not abide paperwork, may we suggest you hire someone who can! Documentation is critical for international trade, and there are a lot of that to deal with.
Documents required to successfully complete the




transactions vary from country to country, but on a large scale it will cover the following:
Buy the system - certainly, this is a condition of work, but can also purchase order is required by the buyer or seller to arrange financing. No bank may ask the importer to get a copy before it issued the letter of credit, which will be used to pay source. On the other hand can be the source to be able to obtain financing from a bank for him, on the basis of the order and confirmed (also called finance the purchase of the system).

(He said, we see, Are they important) is used to make these payments for imported goods, and the necessary documents to be delivered once over - letter of credit. Letter of credit basically says that the bank guarantees to pay the importer provides all the papers stipulated in this report are in the system.

Must be the bill of lading for sea shipments or a bill to the airway when the goods are sent by air, as proof of dispatch - and the shipping documents.
Certificates of origin - some countries have restrictions on the volume of business that can be done with other countries. Instead, there may be tariff benefits accorded to goods from specific supply sources. In such cases, the source need to provide a certificate of origin, and approved by the regulatory authority or certain Chamber of Commerce.

Quality or inspection certificates - if the buyer specifies an inspection prior to shipment, be sure he wanted to see some evidence of this paper is on!
Packing list - finally, which makes sense! And how you want to get a bowl full of cardboard with no evidence of any one contains what elements?
Bill - but of course! Make sure you typed everything correctly, including the currency of the transaction.

Others (!) - These are specific requirements, and change from one country to another.For example, Australia's stringent quarantine restrictions governing the trade of food products and animal. You may need to obtain licenses, or goods subject to inspection or both.
This may seem like a long list, but is in no way comprehensive. This is why you need to hire someone who understands the import and export documents, so you can be sure that your international revenues smoothly.

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