Export Documentat Essay

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EXPORT DOCUMENTATION: TOP 10 EXPORT AND IMPORT DOCUMENTS EXPORT DOCUMENTATION lies at the heart of all international trade transactions. In provides exporters and importers with an accounting record; shipping and logistics companies with instructions of what to do with freight information; and banks with instructions and accounting tools for collecting payments. Export documents are more complex than those used for domestic sales due to the special characteristics of international trade: geographical distance, different customs laws, different means of transport, greater risks, etc. The documents required for each shipment will depend on the conditions of sale (Incoterms) agreed between seller and buyer. We describe below the top 10 export documents mentioning for each one: what are used for?, who prepares them? and to whom they are addressed? INTERNATIONAL PURCHASE ORDER Usually, international transactions are based on the buyer´s Purchase Order. Issuance of a international purchase order is normally preceded by an exchange of information between exporter and importer with respect to the price, quality and quantity of products, etc. When the transaction details have been agreed, the seller may issue an informal price quote or a more detailed proforma invoice. If the buyer accepts the seller´s price and other conditions, the buyer issues a purchase order. The International Purchase Order may constitute a binding offer or a bindin g acceptance, depending on the circumstances. Usually in international transactions involving a large commercial buyer, the purchase order is often the main contract form and constitutes the first legally binding offer. In such cases, the seller´s signatur e of the purchase order will constitute the acceptance of the transaction. Download model of International Purchase Order with instructions for completing the document

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