A203: A rough guide… Pro Forma Invoice Of the three, this may not be required. Whether it is or not depends on the buyer’s needs and it is often a requirement of the import country in initiating or supporting an import license request, or a pre-shipment inspection. In this manner it is a precondition of […]
A202: In a C-prefixed transaction, the Seller sells the Buyer documents evidencing the handover or dispatch of cargo. A C-prefix contract is never to the Buyer’s advantage unless the Buyer intends to sell the documents on to another Buyer. Effectively, the Buyer buys the hope that the documentation leads to the contract goods, but there […]
A201: In an Incoterms CIP sale, the Seller is off-risk on handover of the goods to the first Carrier at the point of supply, and the tender of the correct documentation to the Buyer. The Seller contracts with the Carrier and pays the international carriage to the named place – in this case the Buyer’s […]
A200: There is a massive downside to this practice, and it should be avoided except where a law makes it impossible to do so. (The HS code is perhaps better known as the tariff code. It is a sequence of numbers that identifies a product at a customs level. HS codes are regulated by the […]
Day One Exchange control for exports and merchantingThe UCR SystemDefault positions and solutions.BoP Reporting Day Two Overview: A course covering the complexities of the vendor’s VAT position dealing with export and offshore supplies in international trade. Detail: Export Regulation R.316 and Indirect Exports;Zero-Rated Direct Exports & VAT;Special SuppliesReturn & Repair;Merchanting and offshore selling, etc.We will […]
Thank you for showing an interest in this material. This course, although accessible to entry-level delegates, comprises of a series of sessions that are designed to allow for a more thorough understanding of the subject. Seasoned users of commercial terms will also benefit by the material, as we unpack some of the finer points of […]