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Module III - Documents Involved in International Trade
Module III - Documents Involved in International Trade
Module III - Documents Involved in International Trade
International Trade
MODULE III
Foreign trade is nothing but trade between the different countries of the
world.
Classification of Documents
Commercial documents
Official documents
Insurance documents
Transport documents
Commercial Documents
Proforma Invoice
Commercial Invoice
Certified Invoice
Certificate of Origin
Packing List
Official Documents
Consular Invoice - It is an invoice made out in a specially printed form of the exporter
and is shown before the consul of importing country stationed in the exporters
country as being correct in all respect
Legalized Invoice: Some Middle East countries require that the commercial invoice
should be countersigned and stamped by the authorized officer in their Embassy or
the consulate in the exporters country instead of consular invoice.
Black-listed Certificate: Under this certificate, the exporter has to provide a Blacklisted certificate evidencing that all parties involved including the bank and shipping
line are not black-listed
Insurance Documents
There are some risks of damage, loss or destruction of goods during the
time of transit. Thus Marine Insurance plays a very vital role in this respect
Voyage Policy - Covers from one place to another irrespective of the length of
time taken
Open cover or Blank policy: This policy is automatically covers all the
shipments of the exporter up to an estimated amount during a given period.
Transport Documents
This document indicates that the goods, which are delivered to the named
shippers, airlines or transporters, must be carried to a named port, airport
or place of delivery
Mates Receipt
Bill of Lading
Roadway Bill
Letter of Credit
Bill of Exchange
Promissory Note
Trust Receipt
Financing of Export/ Deemed Export: Pre ship (Packing Credit, etc.), and
Post Ship Finance (Export Credit)
ECGC
ECGC
ECGC is the seventh largest credit insurer of the world in terms of coverage of
national exports.
UCP 600 are the latest revision of the Uniform Customs introduced in
2007
INCOTERMS
Who is responsible for the cost of transporting the goods, including insurance,
taxes and duties
INCOTERMS
INCOTERMS