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iv. Bill of lading: – It is readied and marked by the captain of the ship
recognizing the receipt of merchandise on board. It contains terms and
conditions on which the products are to be taken to the destination.
v. Bill of entry: – It is a form provided by the customs office to the
importer who filled it at the duration of getting the merchandise. It
must be in triplicate and is to be submitted to the customs office.
vi. Letter of credit: - It is a document that contains a certification from
the importer bank to the exporter’s bank that it is attempted to respect
the payment up to a specific sum of the bills issued by the exporter
for transportation of the products to the importer.
vii. Trade Enquiry: It is a written request made by a logistic firm to the
abroad provider for giving data in regards to the cost and different
terms and conditions for trading merchandise.
viii. Commercial Invoice
The seller issues the commercial invoice to the buyer containing the
terms of the transaction like date of transaction, seller details, buyer
details, value, shipping terms and more.
Customs duty is levied on the shipment usually based on the
commercial invoice raised by the seller
ix. Air Waybills
An airway bill is proof of shipment of goods by air. Air waybills serve
as a proof of receipt of goods for shipment by the air cargo agent, an
invoice for the air shipment, a certificate of insurance and a guide to
the air cargo agent for handling, dispatch and delivery of the
consignment.
A typical airway bill contains details about the shipper and the
consignee, the departure airport and destination airport, description
of the goods, sign and seal of the carrier.
x. Bill of exchange
Bill of exchange is used when an importer agrees to pay the exporter
in future on a date on or before that is mutually agreed upon. Bill of
exchange is an important written document in wholesale trade
wherein large amounts of money are involved.
Bill of exchange can be classified as a bill of exchange after date and
bill of exchange after sight. Bill of exchange after the date is when the
due date for payment is counted from the date of the drawing. Bill of
exchange after sight is when the due date for payment is counted
from the date of acceptance of the bill.
xi. Certificate of Origin