- This topic has 2 replies, 3 voices, and was last updated 2 years, 1 month ago by
.
-
Various trade documents are to be produced when making transactions. Each trade document will differ from the other and show various trade aspects like quality, description, transportation medium, number, inspection, indemnity, etc. I would suggest that it is always better for exporters and importers to ensure that the document fulfils the guidelines per international trade transactions. Even a tiny error will cost you heavy. The list of documents essentially required includes:
1. Bill of Lading
2. Air Waybill
3. Certificate of Origin
4. Bill of Exchange or Draft
5. Combined Transport Document
6. Packing List/Specification
7. Insurance Policy (or Certificate)
8. Inspection CertificateI can explain the importance of documents while making international trade with a simple instance. If you are shipping a consignment and producing the Bill of Lading, the buyer will be assured that you have dispatched the goods after fulfilling the necessary steps and that the product will arrive safely. Similarly, if you provide an Inspection Certificate, the buyer will know that an inspection officer had checked the quality of goods before it was dispatched. In this way, he feels assured that the shipped items are not linked or prone to fraudulent activity. The list of documents to be submitted during international trade are:
1. Bill of Lading
2. Air Waybill
3. Certificate of Origin
4. Bill of Exchange or Draft
5. Combined Transport Document
6. Packing List/Specification
7. Insurance Policy (or Certificate)
8. Inspection Certificate
- You must be logged in to reply to this topic.