Documents in export-import context - Finance Ppl

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

Certificate of Origin
What? 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.

Who issues? 
Agencies authorized by the Directorate General of Foreign Trade (DGFT) and Central Ministry of Commerce and Industry. 

Purpose?
customs clearance authorities require COO to ascertain the legitimacy of import and determine duties applicable to that shipment.


Letter of credit
What? 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: ie exporter ships the goods and presents all the applicable/requisite  documents to the exporter's bank as proof. 
If in case the buyer is unable to repay the amount to the seller on time, then the LC issuing bank will pay on the behalf of the buyer to the seller.

Who issues? It is the buyer's bank that issues LC and collects a fee for issuing LC at a percentage on the LC value. 

Purpose?
LC reduces risk in import and export by giving assurance to both importers and exporters. Such assurance by the  bank/FI serves as payment security to the selling party involved in international trade.

documentation required for customs clearance are:

Commercial invoice: contains  description of the goods being shipped, its quantity  and value.
Packing list: provides listing of items in the shipment with information on their weight and dimensions.
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.

Certificate of origin: certifies the country of origin of goods ie   country where the goods were wholly produced/manufactured or processed  wholly.

Insurance certificate: it is a Proof that  that the shipment is insured against loss or damage during transit.

Import/export licenses: Copy of licenses in case of certain goods which may require specific licenses for import or export.

Commercial invoice: contains  description of the goods being shipped, its quantity  and value.

Packing list: provides listing of items in the shipment with information on their weight and dimensions.

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.

Insurance certificate: it is a Proof that  that the shipment is insured against loss or damage during transit.