The paperwork that is required for an export sales transaction
The means by which the shipping process is facilitated and performed.
Documentation is essential for moving goods through the channels of distribution, transferring responsibility or possession, clearing goods through customs, and effect payment according to the agreed contractual obligations.
Pro forma invoice - basically a price quote. Describes the type and quantity of the goods to be shipped, value of the goods, total cost of the transaction based on the terms of sale, and other specifications.
Bill of lading - a contract between the seller and the carrier. The BOL is usually prepared by the carrier of forwarder. It documents the condition of the goods upon the carrier’s acceptance. It is negotiable when it is consigned “to order of” meaning the buyer is allowed to take possession of the goods.
Certificate of Origin - a statement required by some countries that certifies the origin of the exported goods (eg. The NAFTA certificate of origin)
Packing List - An itemized list describing the contents of each package in a shipment. Used in determining the total weight and volume of a shipment and for verifying the cargo.
Commercial Invoice - Basically a bill for the goods from the buyer to the seller
The freight forwarding professional advises clients of the best rates, routings and modes of transporting goods to or from any area in the world. The forwarder is the exporter’s agent and provides the traffic and documentation services consistent with the exporter’s needs, arranging for carriage with vessel operators, trucking companies and airlines specializing in the consolidation of container-load shipments.
Using the many resources at their disposal, forwarders find the “right match” of services available so that products are moved by the most timely and cost-effective means.
“” Customized” services to fit the clients’ operational needs are forwarder’s specialty. Forwarders coordinate arrangements for storage, pick-and-pack operations, consolidations or full container movements as well as inland transportation to provide clients with true door-to-door service.
From assisting with initial quotations or preparation of proforma invoices, to banking clients’ documents for collection, the professional ocean and or air freight forwarder is and essential component in the facilitation of international trade.
EXW signifies a precise location where the product is made ready to the buyer.
When offering a EXW quotation: the price includes only those costs involved up to an agreed point of origin, usually the shipper’s factory. The shipper/seller places the product at the control of the buyer at a concurred place, date, time, etc.