INTERNATIONAL TRADE DOCUMENTS used in Export and Import Procedures are Commercial Invoice, Packing List, Certificate of Origin, Irrevocable Letter of Credit, Bill of Lading and CMR Document.
5. Methods of Payment in International Trade/Export and Import FinanceCharu Rastogi
This presentation discusses methods of obtaining export and import finance such as Accounts Receivable Financing, Factoring (Cross-Border Factoring), Letters of Credit (L/C) Banker’s Acceptance (BA), Working Capital Financing, Medium-Term Capital Goods, Financing (Forfaiting) and Countertrade. It also discusses methods of payment of international trade; Cash in Advance, Letters of Credit, Documentary Collections and Open Account followed by a comparative study of different methods. Furthermore, types of letter of credit and procedure of working of a letter of credit are also discussed.
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letter of credit
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parties involved in lc transaction
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letter of credit process
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commercial letter of credit flow
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advantages of letter of credit
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risks involved
Documents involved in International trade, INCOTERMS, Trade and Exchange Cont...Mohammed Jasir PV
Documents involved in International trade: Statutory Documents, Financial Documents, Transport Documents, Risk Bearing Documents. INCOTERMS: C.I.F., F.O.B., C.I.P. Financing of Imports by Opening of Letter of Credit: Documents required, Trade and Exchange Control Formalities, Sanction of LC Limit. -- Export Finance: Financing of Export/ Deemed Export: Pre ship, and Post Ship Finance, Export Methods --, E.C.G.C. and other formalities. Uniform Custom Practices of Documentary Credits -- Uniform Rules Collection
Some of the documents required in export transaction are preliminary inquiry and offer, confirmation of order, export license, finance among others. There are two dozen commercial and regulatory documents that are involved in the pre-shipment stage of an export transaction.
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TRANSPORT DOCUMENT more used for sea transport, road transport and air transport are CMR document, Bill of Lading, Airway Bill and Multimodal Bill of Lading.
5. Methods of Payment in International Trade/Export and Import FinanceCharu Rastogi
This presentation discusses methods of obtaining export and import finance such as Accounts Receivable Financing, Factoring (Cross-Border Factoring), Letters of Credit (L/C) Banker’s Acceptance (BA), Working Capital Financing, Medium-Term Capital Goods, Financing (Forfaiting) and Countertrade. It also discusses methods of payment of international trade; Cash in Advance, Letters of Credit, Documentary Collections and Open Account followed by a comparative study of different methods. Furthermore, types of letter of credit and procedure of working of a letter of credit are also discussed.
,
letter of credit
,
parties involved in lc transaction
,
letter of credit process
,
commercial letter of credit flow
,
advantages of letter of credit
,
risks involved
Documents involved in International trade, INCOTERMS, Trade and Exchange Cont...Mohammed Jasir PV
Documents involved in International trade: Statutory Documents, Financial Documents, Transport Documents, Risk Bearing Documents. INCOTERMS: C.I.F., F.O.B., C.I.P. Financing of Imports by Opening of Letter of Credit: Documents required, Trade and Exchange Control Formalities, Sanction of LC Limit. -- Export Finance: Financing of Export/ Deemed Export: Pre ship, and Post Ship Finance, Export Methods --, E.C.G.C. and other formalities. Uniform Custom Practices of Documentary Credits -- Uniform Rules Collection
Some of the documents required in export transaction are preliminary inquiry and offer, confirmation of order, export license, finance among others. There are two dozen commercial and regulatory documents that are involved in the pre-shipment stage of an export transaction.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
TRANSPORT DOCUMENT more used for sea transport, road transport and air transport are CMR document, Bill of Lading, Airway Bill and Multimodal Bill of Lading.
Basic Shipping Documentation.
- An induction on the container transport, and its driving forces.
- Outlines of the parties and sectors who involve in the business.
- Outlines of the operation, and
- Introduction of the various key documents associated with each sector of the business, and their significance.
What documents are produced in facilitating the shipment cycle:
- Apart from the physical transportation of the goods from the buyer to the seller, there are various kinds of documents involved.
- This presentation aims at providing a basic knowledge on the key documents.
- For details on the documents, you may need to refer to the relevant text.
Each shipping order is to be stamped by the customs to allow export. Каждый заказ на доставку должен быть проштампован таможней, чтобы разрешить экспорт Cargo Officer signs a shipping order and it becomes a Mate’s Receipt. On basis of Mate’s Receipt a Bill of Lading is issued.
Similar to International Trade Documents: 10 Top Documents (20)
Los nuevos INCOTERMS 2020 introducen algunos cambios importantes en relación a los anteriores como por ejemplo el Incoterms DPU o diferentes coberturas de seguros.
El Pacto de Socios - en Inglés, Shareholders Agreement - para crear una empresa o startup se utiliza para regular los aspectos más importantes en las relaciones de los socios tanto en la gestión de la empresa como en la transmisión de las participaciones entre los socios.
Contrato de Agente Comercial en Ingles – Commercial Agency ContractGlobal Negotiator
El Contrato de Agente Comercial - en Inglés, Commercial Agency Contract - lo utilizan las empresas que contratan en el exterior a un agente comercial para la promoción y venta de sus productos o servicios en un país o zona geográfica determinada.
Contrato de Servicios en Inglés – Service Provider ContractGlobal Negotiator
El Contrato de Servicios - en Inglés, Service Provider Contract - lo utilizan aquellas empresas o profesionales autónomos para contratar con clientes en el exterior, a los cuales ofrecen una oferta de servicios determinada en cuando a prestación de un determinado servicio.
Contrato de Alianza Estrategica en ingles - Strategic Alliance ContractGlobal Negotiator
El Contrato de Alianza Estratégica - en Inglés Strategic Alliance Contract - se utiliza para establecer acuerdos con empresas en el exterior que puede tener distintos objetivos: llevar a cabo un proyecto de investigación, diseñar y fabricar nuevos productos o, prestar servicios complementarios
Contrato de Distribucion en Inglés - Distribution ContractGlobal Negotiator
El Contrato de Distribución - en Inglés, Distribution Contract - es un contrato que utilizan los fabricantes-exportadores para conceder a un distribuidor el derecho a promocionar y vender unos productos en un país deteminado.
La UTE es una Unión Temporal de Empresas independientes que firman un acuerdo de colaboración para un proyecto completo y por un período de tiempo determinado que puede consistir en la ejecución de una obra o suministro concreto.
Sociedad Limitada Profesional: Creación y EstatutosGlobal Negotiator
Definición de Sociedad Limitada Profesional que incluye el proceso de creación y los estatutos que regulan la actividad que tiene que realizarse en común y ser desarrollada por una mayoría de socios que sean profesionales colegiados.
La definición de una Sociedad Limitada Unipersonal SLU es aquella formado por un único socio que posee todo el capital y que normalmente toma todas las decisiones ya que actúa como Administrador y Representando de la sociedad ante terceros.
Definición de Sociedad Anónima SA y explicación de su creación y los estatutos que regulan el número de socios, la toma de decisiones y el proceso de decisión en las juntas generales.
Definición de Sociedad Limitada SL. y explicación para la creación de este tipo de sociedad así como de los estatutos en los que se establecen el capital mínimo, el número de socios, la constitución y tomas de decisiones de los socios en las juntas.
La Fundación sin Ánimo de Lucro es un tipo de organización que se constituye aportando sus creadores unos recursos para la realización de fines de interés general, no para la obtención de beneficios económicos como es el caso de las sociedades mercantiles.
La Propuesta de Negocio para Inversores es un documento que utilizan las empresas para captar financiación de inversores que les permita expansionar sus negocios.
El Plan de Negocio para Inversores es un documento que contiene toda la información estructura en apartados de un proyecto empresarial para que el inversor tome su decisión de financiar el proyecto.
El Pacto de Socios con Inversor es un tipo de acuerdo entre accionistas que regula las relaciones entre los socios fundadores de una empresa y un inversor que va a participar en su capital y financiar su desarrollo.
El Contrato de Compraventa Mercantil se utiliza entre empresas, y también entre particulares, para la compra de distintos tipos de bienes, en las cuales el vendedor se compromete a entregar un bien o bienes a cambio de un precio pagado por el comprador. Este contrato se utiliza para la compra de bienes de un cierto importe, de forma que quede constancia escrita de de las obligaciones que asumen, tanto el comprador como el vendedor.
El Pacto de Socios para crear una empresa o startup se utiliza para regular los aspectos más importantes en las relaciones de los socios tanto en la gestión de la empresa como en la transmisión de las participaciones entre los socios.
La Agrupación de Interés Económico AIE es un tipo de sociedad que se utiliza para diferentes proyectos como la investigación de nuevos productos, la solicitud de acceso a programas y subvenciones o la puesta en marcha de estrategias de carácter comercial.
Contrato de Confidencialidad de un nuevo Producto o Idea de NegocioGlobal Negotiator
El Contrato de Confidencialidad de un nuevo Producto o Idea de Negocio lo utilizan personas o empresas para proteger la información confidencial que suministran a posibles socios para evaluar su viabilidad comercial antes de lanzarlo al mercado.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
2. Export and Import Documents lies at the heart of all international
trade transactions. In provides exporters and importers with an
accounting record; shipping and logistics companies with instructions
of what to do with freight information; and banks with instructions
and accounting tools for collecting payments.
Export documents are more complex than those used for domestic
sales due to the special characteristics of international trade:
geographical distance, different customs laws, different means
of transport, greater risks, etc. The documents required for each
shipment will depend on the conditions of sale (Incoterms) agreed
between seller and buyer.
INTRODUCTION
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3. TOP TEN DOCUMENTS USED IN INTERNATIONAL TRADE
Purchase Order
CMR Document
Commercial Invoice
Airway Bill AWB
Packing List
Bill of Lading B/L
Letter of Credit
Multimodal Bill of Lading FBL
Certificate of Origen
Inspection Certificate
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4. Usually, international transactions are based on the buyer´s Purchase
Order. Issuance of a international purchase order is normally preceded
by an exchange of information between exporter and importer with
respect to the price, quality and quantity of products, etc.
The International Purchase Order may constitute a binding offer or
a binding acceptance, depending on the circumstances. Usually in
international transactions involving a large commercial buyer, the
purchase order is often the main contract form and constitutes the
first legally binding offer. In such cases, the seller´s signature of the
purchase order will constitute the acceptance of the transaction.
Model of International Purchase Order ready to use
INTERNATIONAL PURCHASE ORDER
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5. The International Commercial Invoice is an administrative document which
contains all the information about the international sale. The item, quantity,
price for the products/services sold, delivery and payment conditions, as
well as the taxes and other expenses that might be included in the sale, are
detailed in an International Commercial Invoice.
The importer, with the original of the International Commercial Invoice,
declares to the tax authority of his country the amount that it must pay, to
who it is going to pay and the agreed means of payment. For the exporter,
this document means a documentary evidence of the sales that it has made
in foreign markets.
Model of International Commercial Invoice ready to use
INTERNATIONAL COMMERCIAL INVOICE
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6. The Packing List is a more detailed version of the commercial invoice
but without price information. It must include, inter alia, the following:
invoice number, quantity and description of the goods, weight of the
goods, number of packages, and shipping marks and numbers.
A copy of the Packing List is often attached to the shipment itself and
another copy is sent directly to the consignee to assist in checking the
shipment when received.
Model of Packing List ready to use
PACKING LIST
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7. In an Irrevocable Letter of Credit L/C the importer´s bank agrees
to the exporter (called “the beneficiary”) that the exporter will get
paid if it can prove it has shipped the proper goods by providing the
corresponding documents required by the Letter of Credit. Exporters
like Letters of Credit because the advance assurance of payment
ensures the seller that it will not waste time preparing or shipping an
order to a buyer who ultimately refuse to accept or pay for the goods.
An Irrevocable Letter of Credit cannot be amended or cancelled
without the consent of all Parties.
Model of Irrevocable Letter of Credit with instructions for completing
the document
IRREVOCABLE LETTER OF CREDIT L/C
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8. The CMR transport document is an international consignment note used
by drivers, operators and forwarders alike that governs the responsibilities
and liabilities of the parties to a contract for the carriage of goods by
road internationally.
The carrier usually completes the form, but the sender - in other words the
exporter - is responsible for the accuracy of the information and must sign
the form when the goods are collected. The consignee will also sign the
form on delivery, which is essential for the carrier to be able to confirm the
delivery of the goods and to justify the payment for its services.
Model of CMR Document ready to use
CMR DOCUMENT
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9. A Bill of Lading B/L is a document issued by the agent of a carrier to
a shipper, signed by the captain, agent, or owner of a vessel, furnishing
written evidence regarding receipt of the goods (cargo), the conditions on
which transportation is made (contract of carriage), and the engagement to
deliver goods at the prescribed port of destination to the lawful holder of
the bill of lading.
A Bill of Lading is, therefore, both a receipt for merchandise and a
contract to deliver it as freight. There are a number of different types of
bills of lading and a number of regulations that relate to them as a group
of documents.
Model of Bill of Lading B/L ready to use
BILL OF LADING B/L
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10. An Air Waybill AWB is a non-negotiable transport document covering
transport of cargo from airport to airport.
The Air Waybill must name a consignee (who can be the buyer),
and it should not be required to be issued “to order” and/or “to be
endorsed” as it is not a title of property of the merchandise. Since it is
not negotiable, and it does not evidence title to the goods, in order to
maintain some control of goods not paid for by cash in advance, sellers
often consign air shipments to their sales agents, or freight forwarders’
agents in the buyer’s country.
Model of Air Waybill ready to use
AIR WAYBILL AWB
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11. A Multimodal Bill of Lading FBL is an international transport document
covering two or more modes of transport, such as shipping by road and by sea.
It is also used as a carriage contract and receipt that the goods have been
received. When it is issued “to the order”, the Multimodal Bill of Lading is
title of ownership of the goods and can therefore be negotiated.
Only authorized forwarders integrated into FIATA (International Federation
of Freight Forwarders Associations) can issued this document. It is addressed
to the exporter, Multimodal Transport Operator on destination country, and
the importer.
Model of Multimodal Bill of Lading
with instructions for completing the document
MULTIMODAL BILL OF LADING FBL
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12. The Certificate of Origin certifies the country in which the goods originated
or in which the preponderance of manufacturing or value was added. It
also constitutes a declaration by the exporter. Virtually every country in the
world considers the origin of imported goods when determining what duty
will be assessed on the goods. Nevertheless the exporter´s own certification
on company letterhead will suffice.
In most countries, Chambers of Commerce are the key agent in the
delivery of certificates or origin. However, in some countries, this
privilege may also be extended to other entities such as ministries or
customs authorities.
Model of Certificate of Origen
with instructions for completing the document
CERTIFICATE OF ORIGIN
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13. The Inspection Certificate for pre shipment inspection is a document
issued by an authority indicating that goods have been inspected
(typically according to a set of industry, customer, government, or carrier
specifications) prior to shipment and the results of the inspection.
Inspection certificates are generally obtained from neutral testing
organizations (e.g., a government entity or independent service company
such as SGS o Bureau Veritas). In some cases the Inspection Certificate
can come from the manufacturer or shipper, but not from the forwarder
or logistics firm.
Model of Inspection Certificate with
instructions for completing the document
INSPECTION CERTIFICATE
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14. To obtain this 10 International Trade Documents and another
Export and Import Document such as International Proforma
Invoice, Insurance Certificate, Analysis Certificate or ATA
Carnet click here:
Pack International Trade and Transport Documents
INTERNATIONAL TRADE DOCUMENTS
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