Chapter 9 Implementation of the Contract 9

Preparation of the Goods 9.1 Implementation of Export Contract Quality & Specification Quantity Time for Preparing Commodity Page 199

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

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

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

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

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

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

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

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 …

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

Packing List & Weight Memo 9.3 Documents of Import and Export / Indicating assortment for each lot Net weight & Gross weight

Certificate of Origin 9.3 Documents of Import and Export Certificate of origin GSP Certificate of Origin Form A

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

Insurance Policy 9.3 Documents of Import and Export Insured Beneficiary of the L/C

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.

Ocean/ Marine Bill of Lading 9.3 Documents of Import and Export Consignor Beneficiary of the L/C

Bill of Exchange B/E 9.3 Documents of Import and Export Payer To… L/C Opening bank Collection Importer

Bill of Exchange B/E 9.3 Documents of Import and Export Payer Remitting bank or Negotiating bank