Did you remember what CPT is Did you remember what CIP is Did you remember what

Did you remember what cpt is did you remember what

This preview shows page 34 - 38 out of 60 pages.

Did you remember what CPT is?Did you remember what CIP is?Did you remember what DAF is?Did you remember what DES is?Did you remember what DEQ is?Did you remember what DDUis?Did you remember what DDP is?Did you remember what CIA is?Did you remember what CAD is?Did you remember what letter of credit is?Did you remember what consignment sale is?
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29A man’s feet must be planted in his country, but his eyes should survey the world.”George SantayanaLEARNING ACTIVITY-3At the end of this learning activity, students should be able to:Learn types of documents in foreign trade.Go to a foreign trade company and ask the documents about foreign trade. Ifpossible, try to have sample documents and prepare a chart to show thedocuments.3. TYPES OF DOCUMENTS IN FOREIGNTRADE3.1. Pro Forma InvoicePro forma invoice is the first draft of the exporter's bill, provided to the importer priorto shipment of the merchandise, informing him of the kind and quantity of goods to be sent,their estimated price and other characteristics (weight, size, etc.). On the basis of thisinformation, the importer will decide whether he wants to confirm an order or not.3.2. Commercial InvoiceAninvoiceis a commercial document issued by a seller to a buyer, indicating theproducts, quantities and agreed prices for products or services with which the seller hasalready provided the buyer. An invoice indicates that, unless paid in advance, payment is dueby the buyer to the seller, according to the agreed terms. Invoices are often called bills.LEARNING ACTIVITY-3AIMSEARCH
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30From the point of view of a seller, an invoice is asales invoice. From the point ofview of a buyer, an invoice is apurchase invoice. The document indicates the buyer andseller, but the term invoice indicates money is owed or owing. In English, the context of theterm invoice is usually used to clarify its meaning, such as "We sent them an invoice" (theyowe us money) or "We received an invoice from them" (we owe them money).A typical invoice containsseller's address for payment (remit-to address)buyer's Purchase order (PO) and the seller's invoice numberseller's tax ID number or Data Universal Numbering System (DUNS)date the invoice was recorded and the date the items were shippedbuyer's billing and shipping addressesterms of payment, including due date, discount due date and discount amountline-item list for each product, one per row, with columns showing quantity, unitof measure, unit cost, product description, sub-total line cost, tax, total line cost,and item notes.shipping method and costsum of each column, showing total number of items, raw sub-total, sub-total tax,and total amount due
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31ALYA A.Ş.Mahmutbey Cad. No: 08TEL: 0 262 321 34 56İZMİT - TURKEYCOMMERCIAL INVOICECONSIGNEE:PAYMENT: CASH AGAINISTDOCUMENTS (CAD)DELIVERY: FOB- DERİNCEDIOR GMBH.
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