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International Trade

International Trade

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Published by: Royal Projects on Sep 07, 2011
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MATE RECEIPT

A mate receipt is a receipt issued by the commanding office of the ship when the

cargo is loaded on the ship, and contains information about the vessel, berth, date of

shipment, description of packages, marks and numbers, condition of the cargo at that time

of receipt on board the ship, etc. The mate receipt is first handed over to the Port Trust

authorities so that all the port dues may be paid by the exporter,. After paying all the port

dues, the merchant or the gent may collect the mate receipt from the Port Trust

authorities. The bill of lading prepared by the shipping agent after the mate receipt has

been obtained.

SHIPPING BILL

The shipping bill is the main document on the basis of which the customs'

permission for export is given. The shipping bill contains particulars of the goods

exported, the name of the vessel, master or agents, flag, the port at which goods are to be

discharges, the country of final destination, the exporter's name and address, etc. It also

contains details of the packages and the goods, such as number and description, marks

and numbers, quantity details about each case, real value as defined in the sea customs

act, whether Indian or foreign merchandise to be re-exported, total number of packages,

their total weight and value etc.

CART TICKET

A cart ticket also known as a cart chit, vehicle and gate pass, is prepared by the

exporter and includes details of the export in terms of the shipper's name, the number of

packages, the shipping bill number, the port of destination and the number of the vehicle

carrying the cargo. The driver of the vehicle carrying cargo should posses the ticket, and

when the vehicle is brought at the port gate, it should be presented to the gate

warden/inspector along with other shipping and port documents. The inspector, after

satisfying himself that the vehicle is carrying the cargo as mentioned in the document,

allows it to pass the gate.

CERTIFICATE OF MEASUREMENT

Freight is charged either on the basis of weight or measurement. When it is

charged on the basis of weight, the weight declared by the shipper may be accepted.

However, a certificate of measurement from the Indian chamber of commerce or other

approved organization may be obtained by the shipper and given to the shipping

company for calculation of the necessary freight.

BILL OF LADING

The Bill of lading is a document where in the shipping company gives its official

receipts of the goods shipped in its vessel and at the same time contracts to carry them to

the port of destination. It is also an document of title to the goods, and, as such, is freely

transferable by endorsement and delivery.

A Bill of lading serves three main purposes: I) As a document of title to the

goods' (ii) as a receipt from the shipping company'; and (iii) as a contract for the

transportation of goods.

Each shipping company has its own Bill of lading. The exporter prepares the Bill

of lading in the forms obtained from the shipping company or from the agents of the

shipping company. The information contained in the Bill of lading includes the date and

place of shipment; the name of the consignor; the name and destination of the vessel; the

description, quality and destination of the goods; the marks and numbers; the invoice

number and the date of export; the gross eight and net weight; the number of packages;

the amount of freight etc.

A Bill of lading acknowledging receipt of the goods apparently in good order and

condition and without any qualification is termed as a clean bill of lading; if a Bill of

lading is qualified with certain adverse remarks such as 'goods insufficiency packed in

accordance with carriage of goods by Sea Act", "one box damaged" etc., it is termed as a

claused bill of lading.

AIRWAY BILL

An airway bill, also called an air consignment note, is a receipt issued by an

airline for the carriage of goods. As each shipping company has its own bill of lading,

each has its own airway bill.

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