What is the process of Export documentation?

What is the process of Export documentation?

The Export Shipping Documentation Process

1. Step 1: Receive an Inquiry. …
2. Step 2: Screen the Potential Buyer and Country. …
3. Step 3: Provide a Proforma Invoice. …
4. Step 4: Finalize the Sale. …
5. Step 5: Prepare the Goods and the Shipping Documents. …
6. Step 6: Run a Restricted Party Screening (Again)

What are the four 4 most common freight documents?

The most important shipping documents

• Commercial Invoice. …
• Packing List. …
• Export/Import Customs Declaration.
• Bill of Lading & Sea Waybill. …
• Certificates (production, vessel, phytosanitary) …
• Air or Rail Waybill. …
• Arrival Notice. …
• Certificate of Origin.

What kind of documentation is required for shipping?

Bill of Lading The most important document in the shipping process for exporters. A bill of lading (lading is the act of putting cargo on a ship) is a legal document that must be signed by the exporter, the shipping line and the importer.

What are the three types of documents that are required for every shipment?

Here are the top 5 ocean freight documents all shippers should be familiar with and how they differ from one another.

• Bill of Lading. …
• Packing list. …
• Commercial invoice. …
• Certificate of origin. …
• Letter of Credit. …
• 3 Critical Tips to reduce cost when transporting heavy loads.

What is Lut in export?

LUT in GST: Full form/meaning is Letter of Undertaking. It is prescribed to be furnished in the form GST RFD 11 under rule 96 A, whereby the exporter declares that he or she will fulfill all the requirement that is prescribed under GST while exporting without making IGST payment.

What are pre shipment documents?

Pre Shipment Finance is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance is to enable exporter to: Procure raw materials.

What is the difference between CFS and CY?

A container yard is a dedicated area for full container load (FCL) containers whereas a CFS caters to both LCL and FCL shipments. A CY is located within the port, unlike a CFS, which is located close to a port or terminal. A CFS picks up empty containers from a CY for FCL and LCL export shipments.

What is EP copy?

This export promotion copy of shipping bill is used by exporters to produce at different government agencies for claiming export benefits along with other export document like BL/AWB etc.

What is export checklist?

This checklist allows you to assess the progress of your exporting initiative or to get a snapshot of the entire process. Before Exporting: Carefully examine the pros and cons of exporting to ensure it is viable. Conducting a SWOT Analysis of your Export Capability.

What are the 4 essential cargo documents?

Types of Documents Required for Transport of Cargo

• Straight Bill of Lading. A bill of lading (B/L) is typically a transferable document that serves the following purposes: …
• Ocean Bill of Lading. …
• Non-Negotiable Sea Waybill. …
• Multimodal/Combined Transport Document. …
• Air Transport Document.

What are the transport documents?

Transport documents

• Bill of Lading. The Bill of Lading (B/L) is a contract for maritime carriage that specifies the taking of responsibility, or the loading, of goods by the carrier. …
• Sea Waybill. …
• Consignment Note (CMR) …
• Air Waybill (AWB) …
• Rail Consignment Note (CIM)

Who is responsible for preparing shipping documents?

Responsibilities. Who is responsible for preparing the shipping document? The consignor (shipper) must complete the shipping document before allowing a carrier to take possession of the dangerous goods.

What is freight certificate?

Freight Certificates are the documents, confirmed by the supplier, certifying the packaging and procedures for tax calculation for packaging. Freight Certificate is a letter sent to the vessel containing the cargo details and the charges assessed for carriage of the cargo.

What is form 6 in shipping line?

A form 6 Transboundary Movement Document is a special document that contains information on the control of transboundary movements of waste destined for recovery options. It will contain information about products and all parties involved with the International logistics of hazardous waste shipments.

What is a cargo document called?

A manifest, customs manifest or cargo document is a document listing the cargo, passengers, and crew of a ship, aircraft, or vehicle, for the use of customs and other officials.

What is the difference between Lut and IGST?

The full form of LUT is Letter of Undertaking. It is a document that exporters can file to export goods or services without having to pay taxes. Under the new GST regime, all exports are subject to IGST, which can later be reclaimed via a refund against the tax paid.

What is RFD 11 GST?

Furnishing of bond or Letter of Undertaking for export of goods or services.

What is difference between Lut and bond?

An exporter furnishing LUT’s is required to furnish fresh LUT for each financial year. If the conditions mentioned in LUT are not satisfied within the time-limit, the privileges are revoked and the exporter will have to furnish bonds.