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Showing posts from September, 2019

Custom Procedure

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Customs Procedure for Clearance of Imported and Export Goods

sales contract Auxillary documents

             Auxiliary Documents ´ Proforma Invoice ´ Intimation for inspection ´ Shipping Instructions ´ Insurance Declaration ´ Shipping Orders ´ Mate’s Receipt ´ Application for Certificate of Origin (Form B) ´ Letter to the Bank for Collection/Negotiation of Documents ´ Proforma Invoice :     A preliminary estimated invoice sent by a seller to a buyer in advance of a shipment. It records the kind and quantity of goods, their value, and other important information such as weight and transportation charges. ´ Intimation for Inspection :     A report issued by an independent surveyor (Inspection Company) for the specific shipment, including quality, quantity; required by certain buyer and countries. Inspection is usually performed by the third party, often an independent testing organization.  ´ ´ Shipping Instructions :  A document sent by an exporter giving details of how goods are to be s...

Sales contract & commercial documents

Sales Contract  & Related Documents International Sales Contract  Two important Governing Entities  ´ The  United Nations Convention on Contracts for the International Sale of Goods  (CISG) is the main convention for international sale of goods. Established by UNCITRAL (United Nations Commission on International Trade Law). ´ The Convention governs the conclusion of the sale contract and buyer & seller obligations, including respective remedies . In other words, UNCITRAL main business is Harmonization and modernization of rules on international business International Sales Contract-How it works?? ´ Technically, a contract is not required for two or more parties to do business  in international trade. ´ The preferred method is to have written and signed agreements  entered into by authorized parties that demonstrate offer, Acceptance and Consideration ´ Business transaction can be conducted without a written contract ,...