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Chapter 9 Implementation of the Contract 9
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Preparation of the Goods 9.1 Implementation of Export Contract Quality & Specification Quantity Time for Preparing Commodity Page 199
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Package 9.1 Implementation of Export Contract no label or brand light & small humidity & condensation theft & loading and unloading rudely bar code Preparation of the Goods Shipping mark
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Examining L/C 9.1 Implementation of Export Contract Our bank examines Political background Credit standing of the opening bank liabilities and responsibilities of payment the genuineness of the signature in the L/C
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Examining L/C 9.1 Implementation of Export Contract Exporter examines About L/C itself Terms of cargo Documents Indication about relative Time and Place Page 201
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Making out Documents for Settlement 9.1 Implementation of Export Contract Three means to make settlement Make Settlement after the Payment is Made Make Time Settlement Make Settlement Through Negotiation
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Relative Documents Application for inspection Booking order Shipping order Customs declaration Delivery order Shipping advice Export license Customs declaration order Mate s receipt Booking note
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Commercial Invoice 9.3 Documents of Import and Export a detailed list which declares the details of the shipment the foundation for keeping accounts the foundation for making declaration to the customs
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Commercial Invoice Key Points in filling out Commercial invoice 9.3 Documents of Import and Export Earlier than the date of B/L and insurance policy and not later than that of validity of L/C Date of issue
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Commercial Invoice Key Points in filling out Commercial invoice 9.3 Documents of Import and Export Consignee or importer opener / issuer / applicant / accountee / for account of … / by order of …
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Commercial Invoice Key Points in filling out Commercial invoice 9.3 Documents of Import and Export The bank is entitled to refuse a commercial invoice if its amount is larger than that of the L/C Invoice value
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Packing List & Weight Memo 9.3 Documents of Import and Export / Indicating assortment for each lot Net weight & Gross weight
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Certificate of Origin 9.3 Documents of Import and Export Certificate of origin GSP Certificate of Origin Form A
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Insurance Policy 9.3 Documents of Import and Export Date of issue The bank is entitled to refuse a insurance policy if its issuing date is later than that of shipment or dispatch or custody
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Insurance Policy 9.3 Documents of Import and Export Insured Beneficiary of the L/C
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Ocean/ Marine Bill of Lading 9.3 Documents of Import and Export Kinds of B/L Clean On Board Without stipulation in the L/C, the transshipment B/L and the through B/L are acceptable.
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Ocean/ Marine Bill of Lading 9.3 Documents of Import and Export Consignor Beneficiary of the L/C
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Bill of Exchange B/E 9.3 Documents of Import and Export Payer To… L/C Opening bank Collection Importer
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Bill of Exchange B/E 9.3 Documents of Import and Export Payer Remitting bank or Negotiating bank
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