Important Shipping Documents of International Trade Transaction for Imports
Proforma Invoice: This is one of the essential documents that are needed for an the above stated IDR document.
Important Shipping Documents of International Trade Transaction for Imports
Proforma Invoice: This is one of the essential documents that are needed for an the above stated IDR document.
(a) International trade transactions for imports. It is an import document that is usually issued by the exporter only when the importer has made a request with clear cut specifications for the products to be imported within the confines of an international trade business transactions. It contains the following (i) Quantity and quality of the goods to be imported (ii) price of the goods (iii) port of sail, (iv) port of origin (v) weight of cargo etc (Ndikom, 2012)
(b) Form-m: This is an import documents usually issued by the local banks to an imported who has presented an original proforma invoice meant for imports =. This is one of the documents required for transactions in an organised international trade business procurement (Ndikom, 2012). It is a banking document for purposes of imports used in the processing of letter of credit (L/C) from the banks.
(c) Attested/Invoice: This is the most important documents that are needed for every international trade business procurement. The documents is called an attested invoice because it has an internationally confirmed price value of the goods to be exported into a foreign country, after an inspection has been concluded by the international inspection agent. This is usually issued by the concerned inspection agent, after thorough inspection has been carried out on the goods for export (Ndikom, 2004).
(d) Commercial Invoice: This is not in any way attested, as it contains an unconfirmed international price value of goods for exports. A commercial invoice suggests that the goods have not been inspected by the inspection agent, hence, the international price has not been confirmed (Ndikom, 2012).
(e) Parking Lot: This shows the comprehensive list of goods imported as per the exact invoice, as part of what is being shipped through the container or cases, as the case may be (Ndikom, 2004).
(f) Import Duty Report: This is one of the documents required for every international business procurement. This is also issued by the inspection agent, after an inspection has been conducted, and this is after a clean report of findings (CRF) has been issued by the agent (Ndikom, 2004). the above stated IDR document.
(g) Clean Report of Funding: Clean report of finding is usually issued by the inspection agent after a thorough verification of the commercial invoice price, as being the same with the international market price (Ndikom, 2012).
(h) Bill of Lading: This is one of the international trade business documents. It is a document of title to the goods and the corner of a bill of lading usually is the owner of the goods.
The traditional bill of lading is a key shipping document which serves several purposes including:
(i) evidence of a contract of carriage
(ii) evidence of receipt of goods.
(iii) document of title of goods
(i) Manifest: This is the total summary list of all the goods that follow the vessel as she arrives at a particular port of destination (Ndikom, 2012).
(j) RAR: This is known as Risk Assessment Report. This is one of the import documentation papers that are needed for the clearing of goods at the end. This issued by the engaged inspection agents at all levels of seaports. It is pertinent to note that the calculations of import-related revenue paper is purely on adversary note.
(k) PAAR: This is known as pre-arrival assessment report usually issued by the customs mainly for import valuation of goods at the ports. It is pertinent to note that the Nigeria customs needs to introduce this PAAR alongside the RAR if proper valuation of important goods will be calculated for the benefits of the ports industry, governments revenue earnings and the maritime industry as a whole at the end. The obvious of the six year tenure industry as a whole at the end. The obvious of the six year tenure contract of the engaged destination inspection agents seem to be a obvious hindrance for the introduction of PAAR and correct and desirable valuation of goods in all stages of our ports operations (Ndikom, 2013).
(l) Risk Assessment Report: This is one of the international trade business procurement document that assesses the level of risk involved in the products been imported e.g. in terms of quality and quantity of goods imported (Ndikom, 2004). This document replaces
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