Professional Documents
Culture Documents
Table of Contents
OBJECTIVE OF THE STUDY...........................................................................2
The main objective of the study is:........................................................2
Steps to enter in a contract with the party:.......................................................2
Some Important Abbreviations to be noted:.....................................................4
Picture of Cargo Ship used for loading Iron Ore...............................................5
Stowage Plan....................................................................................................5
EXPORT DOCUMENTS................................................................................6
Export background........................................................................................6
Setting up of export firm................................................................................7
Export documents to be submitted from exporter to importer (mentioned in
contract).......................................................................................................10
Flow chart of the documents to be submitted.............................................12
Flow chart explained....................................................................................12
GLOSSARY INTERNATIONAL FREIGHT TERMS................................19
GLOSSARY INTERNATIONAL FREIGHT TERMS
OBJECTIVE OF THE STUDY
The main objective of the study is:
➢ To know about Export/ Import process.
cargo.
➢ Price negotiations in US $.
➢ Once the berthing takes place both the party hires agent for
sampling and analysis of the cargo.
FOB: (Free On Board). This term identifies the location where title
to merchandise changes from seller to buyer. Trade contract term
that specify when title passes to the buyer, typically either when
the shipment is initiated or when it is received.
EXPORT BACKGROUND
The procedure of both the exports and imports are time consuming
and complicated. In this regard there are several logistic companies
and custom house agents providing their services on the behalf of
the exporters and importers to facilitate the trade between them.
These custom house agents and logistics companies take over the
responsibility of sending the goods from the exporter’s premises to
the importer premises, which also includes the most important
aspect of custom clearance.
IMPORTER
PURCHASES ORDER / L/C
C & F AGENT
EXPORTER
COMMERCI PACKIN DUPLICA NEGOTIAB ORIGI CERTIFICATE BILL OF
AL INVOICE G LIST TE COPY LE COPIES NAL OF ORIGIN EXCHANG
GR FORM OF B/L L/C E
NEGOTIATING BANK
The shipping line gives mate receipts to CHA agents after the
v.
payment of ocean freights and port due obtains the bill of
lading (B/L) from shipping line .B/L is a proof of dispatch of
cargo and also a negotiable document.
✔ SDF form
✔ Commercial invoice
✔ Packing list
✔ SDF form
✔ Certificate of origin
✔ Bill of exchange
✔ Shipment advice
After that, bank scrutinizes these documents and if found
correct make payment to exporter against documentations.
GLOSSARY INTERNATIONAL FREIGHT TERMS