‘Going global’ is the aim of every businessman. Be it a single hand entity or a large institution, reaching out to wide customer range is the aim of every business organization. This is when the export and import terms come into use and analyzing what is required to achieve the global status.
Export-import also referred to as EXIM has many basic criteria which are necessary to be understood and learnt by every business s person whose aim is to capture big markets. Once you have decided to export your goods or import from another country an make a business in your country, you need to understand the essential requirements for this purpose.
Understand the shipment procedures and documents is the major step in EXIM context. Hop over to this site to get a detailed view of the same, however, we provide you with some quick lessons about the different documents required for EXIM procedures. Some of them are:
- Bill of lading: the first document used in an international shipment and it’s a contract between the sender and receiver of the shipment. This is the compulsory a most important document.
- Certificate of the manufacturer: this is from the manufacturer which shows that the products are manufactured abiding by all the legal rules and is ready for shipment.
- Certificate of origin: this is the certificate issued by the chamber of commerce of specific countries to shows the country of the manufacturer where the goods were made originally.
- Commercial invoice: once the international trade is complete, this is the document which has the entire details about the shipment right from the beginning till end.
- Inspection certificate: the products like industrial merchandise, meat products, and perishable goods will need this inspection certificate, therefore, the time of travel of this shipment will be according to their perishability.
- Insurance certificate: this is a certificate which acknowledges that you have insured the goods on the cargo. As huge losses may be hard for the exporter, keeping them insured in easy and risk-free to an extent.
- Packing list: this is like a shipping list which has the details of the products which have been shipped and their method of This is important for the freight forwarders to make the bill of lading and understand how much cargo will be needed for the shipment.
- Electronic export information: this is an online document required for the exports that value more than 2500 dollars or those which have an export license. These need to be filed with the respective country’s census bureau to collect the necessary statistics.