Documents in export-import context - Finance Ppl

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Documents in export-import context

Below mentioned are documents that are relevant wrt exports and imports:

  1. Certificate of Origin:
    Is a document that serves as evidence of country of origin of goods. COO certifies that goods in a shipment are wholly obtained, manufactured or processed in a particular country. Contains information regarding the product, its destination and country of export.
  2. Letter of credit:
    Letter of Credit is guarantee/undertaking given by buyer's bank to the exporter that payment due on the shipment shall be made once the seller fulfils the agreed upon terms and conditions.
  3. Commercial invoice:
    contains description of the goods being shipped, its quantity and value.
  4. Packing list:
    provides listing of items in the shipment with information on their weight and dimensions.
  5. Bill of lading:
    document issued by carrier to the shipper of goods as a contract of carriage of goods. it's also a receipt for cargo accepted for transportation. note that, the bill of lading is a document of title.
  6. Insurance certificate:
    it is a Proof that that the shipment is insured against loss or damage during transit.
  7. Import/export licenses:
    Copy of licenses in case of certain goods which may require specific licenses for import or export.
  8. Commercial invoice:
    contains description of the goods being shipped, its quantity and value.
  9. Packing list:
    provides listing of items in the shipment with information on their weight and dimensions.
  10. Bill of lading:
    document issued by carrier to the shipper of goods as a contract of carriage of goods. it's also a receipt for cargo accepted for transportation. note that, the bill of lading is a document of title.
  11. Insurance certificate:
    it is a Proof that that the shipment is insured against loss or damage during transit.