Logistics, Trade Administration and Supply Chain

The Packing List is a document prepared by the shipper listing all kinds and quantities of merchandise in a particular shipment. A copy of packing list is often attached to the shipment itself and another copy send directly to the consignee to assist in checking the shipment upon received. In other words, the packing list is also called a bill of parcels. The packing list includes the following elements: Name and address of the seller/shipper/consignor, Name and address of the buyer/consignee, Issuance date, Invoice number, Sales order or contract number, Quantity and description of the goods, Shipping details including weight of the goods, number of packages, shipping marks and shipping numbers, Quantity and description of contents of each package, cartons, crate or container, Any other information as required in the sales contract or documentary credit e.g. country of origin. The packing list is a more detailed version of the commercial invoice but without the price...

The Shipper's Export Declaration (SED) is a document prepared by the shipper and presented to a government authority specifying goods expected along with their quantities, weight and destination. Each country has its own SED form. Certain elements are likely to be required in the SED for all countries. The SED typically includes the following elements: Name and address of seller, Name and address of buyer, Issuance date, Export license number (if required, based on certain countries' requirements and goods exported), Country of origin of the goods shipped, Country of final destination of the goods, Quantity and description of the goods, Country of export statistical classification number (some countries do not require this information for shipments under a certain level), Shipping details like, weight of the goods, number of packages and shipping marks and numbers. The SED is used by a nation's customs authority to control exports and compile trade statistic...

The Regional Trade Pact Import/Export Declaration is a standardised import/export document used in common by members of a regional trade group containing compliance, administrative and statistical information. This document is typically issued by the exporter or seller (shipper). The typical trade pact import/export declaration contains the following elements: Name and address of the exporter/seller/consignor/shipper, Name and address of the importer/buyer/consignee, Description and value of the goods, A statement of origin of the goods, Country of destination of the goods, Carrier and means of transport, Other compliance, administrative and statistical information. This document is used as an export declaration when exporting from any trade pact member country to a non-member country and as both an import and export declaration when transporting goods across country borders within the trade group. Because of its standardised format, this document is often linked to a...

Documents play a key role in international transactions. Both buyers and sellers need documents for bookkeeping, accounting, taxation, export and import formalities, as well as making payments using letters of credit and other documentary payment methods. This segment will give some examples of the most commonly used documents in the international trade. It is not an exhaustive listing. Specialized trades, special circumstances and different countries of origin and destination may require additional documentation. Transaction Documents The key transaction document is the invoice or commercial invoice. This document is used by all parties to the transaction for accounting and bookkeeping purposes. It is also required for export and import formalities as well as most banking and payment procedures. Export Documents These are documents required by the customs or national export authority of the country of export and vary greatly from country to country. Included are licenses,...

From licensed of raw materials/components, duty free for approved manufacturing purposes in the LWW warehouse and transfer of goods to Free Zones or to another LMW warehouse, the following formalities must be complied: Movement of goods (involving passage in transit through Principal Customs Area) must be covered by Customs Form 8. This statutory form 8 must be submitted by the importer or his agent at the first port/place of import. Customs Import Declaration 1 duly completed must be submitted by the importer (licensee) to the customs station responsible for the supervision and administration of the LMW concerned (This applies only to LMW from overseas). The goods must be transported in locked van or truck approved b y the Director Genera of Customs. Security in the form of Bank Guarantee is required to safeguard against any loss of revenue of goods carried in transit. Removal of Goods for Export The licensee or his agent is required to submit Customs Form 8 duly complete...