export import bms

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export import documents

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Habib college of commerce and economics:

Habib college of commerce and economics

Name: shaikh Imbesat roll no: 12 SYBMS:

Name: shaikh Imbesat roll no: 12 SYBMS

Subject: Export import guided by: Minaz miss:

Subject: Export import guided by: Minaz miss

EXPORT’S DOCUMENTS:

E X PORT’S DOCUMENTS Commercial invoice. Shipping bill. Certificate of origin. Consular Invoice. Mate’s receipt. Bill of landing. Guaranteed Remittance (GR) form

Commercial Invoice:

Commercial Invoice Meaning- A commercial invoice is the exporters bill for sale of the goods. It is also called as “Document of contents”. The exporter prepares it after executing the export order. Export/import duty is also calculated on the basis of commercial invoice.

contents:

contents It is the basic document which helps in preparation of other shipping documents. It is an exporters bill which is to be paid by the importer. it contains full detail about shipped goods, their value, letter of credit, terms and conditions of payments, etc. it is needed for negotiation of documents for collecting export payment.

2. Shipping Bill:

2. Shipping Bill It is the main document needed by customs authorities for giving permissions for shipment. Goods enter the port after the custom’s stamp on it. It is prepared in normally 5 copies Customs copy Drawback copy. Port trust copy. Exporter’s copy. Export promotion copy.

3.Certificate of origin:

3.Certificate of origin It is a document giving proof that the goods exported are manufactured in a particular country. It is issued by the Chamber of Commerce or Trade Association or any other concerned authority. It has the name logo of the authority name, address of the exporter and importer name number of the vessel.

4. Consular invoice:

4. Consular invoice It is the invoice for goods certified by the consulate of the importer’s country. It helps faster clearance of the goods. Its aim is to provide the exact information to the authorities of importing country about the quantity, value, quantity, of import duties. It provides guarantee that the goods exported will enter importer’s country smoothly.

5. Mate’s receipt:

5. Mate’s receipt Mate’s receipt is a document issued by the master of the ship after the goods are loaded on the ships. It has the name of the exporter, importer, ship, birth, date, description and condition of package loaded on the ships.

6. Bill of lading:

6. Bill of lading It is issued when the goods are shipped through ships. It is the receipt for the goods loaded. It is the most important document of title of goods shipped. There are six types- Clean bill of landing. Claused bill of landing. Stale bill of landing. Freight paid bill of landing. Freight collect bill of landing. Transshipment bill of landing .

IMPORT DOCUMENTS:

IMPORT DOCUMENTS Bill of entry. Airway bill. Certificate of inspection. Certificate of measurement. Freight Declaration.

BILL OF ENTRY :

BILL OF ENTRY The bill of entry contains details like quantity, quality, number of packages, value of goods etc. There are three types of bill of entry: Bill of entry for goods imported for home consumption. Bill of entry for warehouse. Bill of entry for ex-bond clearance for home consumption.

Airway bill:

Airway bill Airway bill is a receipt by an airline for carrying the goods. Just as the shipping company issues a bill of lading, similarly, airline issues airway bill. I t is a receipt of goods loaded on the plane. The goods are delivered to the person whose name is mentioned in the airway bill after identifying himself as the party named in the airway bill as receiver of goods.

Certificate of inspection:

Certificate of inspection It is issued by the inspection authorities in the exporters country confirming that the goods have been inspected under the recognized quality standards. It mainly states that goods are in a good condition. The exporter requires certificate for inspection of goods when he purchases the goods from some other manufacturer.

Bibliography :

Bibliography Export import procedures & documentation by champa l from rishab publication. Images by www.google.com

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