Document issued by the carrier confirming that the

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: to settle dispute settlement clause in agreement o Commercial arbitration—UN convention on settlement of commercial disputes (60 countries) o In Europe: ICC- Geneva commercial court or English courts (under Law of England) 8- 4 The exporting process & Documentation • Requires quite complex procedures and documentation, to be in compliance with all government laws, regulations, duties and taxes—of both exporting and importing countries • Export/import shipping arrangements, insurance and payment and delivery terms must be agreed among the all the parties in advance and correctly executed. Critical Exporting Questions: • What is the true total cost of the product delivered to the customer’s doorstep? • How much total time is required to get the product to the customer in the destination country? (delivery date) • Have all government and customs regulations (both exporting and importing countries) been met? • What will be the packing & transport arrangements? • Who will take care of the insurance? • • • What will the payment & credit arrangements? Which export spets should be used to facilitate the exporting process? Who is responsible in case something goes wrong, who has to fix it and who is liable? Exporting process steps • Secure order and set up contract (s) • Obtain export license if required • Obtain currency permit • Pack goods for export • Transport goods to place of departure • Prepare a land bill of lading • Complete necessary customs export papers • Prepare customs or consular invoices • Arrange for ocean freight and preparation • Obtain marine insurance and certificate of the policy Simple Exportation Process Producer à༎ Exporter à༎ Importer à༎ Customer The exporting process comprises both the physical movement of the goods (logistics) and the preparation of the required associated paperwork. Typical Exporting Process The exporting process comprises both the physical movement of the goods (logistics) and the preparation of the required associated paperwork. Paperwork for Exporting Process Key Export Documents Bill of Lading – negotiable document, you can sale to the bank. Is the identity card of the goods at anytime, who has it owns the good. Document issued by the carrier confirming that the goods have been received « on board » in good order for shipment to an identified consignee (buyer); also « railway B/L », « airway B/L ». • A critical commercial document between the seller, the carrier and the buyer, forming a basic part of the contract between the shipper and the carrier • Posse...
View Full Document

Ask a homework question - tutors are online