What Do You Know About Import And Export Registration?

If business organization wants to do import / export business it must get its name registered with government. Following documents are used in foreign trade.

Indent is an order place by importer of one country with exporter of another country. It contains detail of goods like price, quality, quantity, packing, shipping and payment method. A letter of credit is a commitment on the part of the buyer's bank to pay or accept drafts drawn upon it provided that such drafts do not exceed specified amount. It is instruction given by shipping company to the captain of ship to accept goods of specified quantity on the ship.

Dock authority will receive goods from exporter and issue a receipt to him. This receipt is called dock receipt. Captain of ship is called mate. Mate will issue a receipt after loading goods on ship. It contains detail about goods such as quantity, number of packets, condition of goods etc.

It is a receipt issued by shipping company. In this receipt, the shipping company acknowledges the receipt of goods from exporters. It is a bill of goods supplied to importer. This is prepared according to terms and condition settled. It contains full description of goods like price, quantity and port of destination.