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Export Documentation

Actually ''Export documentation some as like Import documentation that's call where exporter or buyer can take some formalities for releasing there goods. So, includes export documentation & other requirement both foreign importer and exporter. In generally documents require for exportation by Letter of Credit (LC)  or Agreement such as Commercial Invoice, Packing List, BL/Awbl, Certificate of Origin, Insurance Policy, LCAF, Bill of Export, Exp Etc,

Exporter Necessary working Step

>> Letter of Credit Received  <<
  1. Ready Goods for Export
  2. Exp (Export Permission)
  3. Shipment Booking by Vessel or Air
  4. Collect BL (Bill of lading)
  5. Ready Buyer Requirement Doc
  6. Document Sub to Bank Due time
  7. Follow-Up for Payment
>> letter of Credit (LC) <<

After negotiation buyer & seller get letter authorization form where are mentioned dealing also both site. there mentioned all kinds of terms & conditions.
Letter of Credit Received Mood

01. Ready Goods for Export
Previews article have described fist of all received LC then planing for production, collect accessories & time calculation for due time export to buyer. Basically when  goods ready for export at that time will be completed internal goods Quality Checking- QC. After all particulars finish goods export to buyer by Air or Sea.

02. EXP -Export Permission

EXP is a file extension for exported files. Which means ''Export Permission'' EXP stands for Exported files. EXP file extensions are commonly used for exporting standardized files to be used with other applications. Some of the more common applications that use EXP files are Quick Books, Microsoft Visual C++ and several CAD software suites. Its Authenticate by Centre bank for collect foreign remittance. 

EXP Form-Page-01
Exp Form-Page-02

03. Shipment Booking by Vessel or Air
The document has a unique booking reference and includes details of the freight forwarder, the shipper, the consignee, transportation service, any additional service, timing and cargo details. It normally also has details of next steps and addresses of the forwarders warehouses relevant for your shipment.

4. Bill of Lading :
A Bill of Lading is a legal document between a shipper and a carrier that details type of quantiy and destination of the goods being carried. The bill of ladding also serves as a shipment receipt when the carrier delivers the goods at the predetermined destination. This document must accompany the shipped goods no matter the from of transportation, and an authorized representative from the carrier shipper and receiver must sign it.
Bill of lading
5.Ready Buyer Requirement Document
Commonly Export Documents divided various type. It is divided into the following subsections common export documents transportation documents, export compliance documents, certificates of origin, other certificates for shipments of specific goods, other export-related documents, and temporary shipment documents. So, again breif here for better understanding which document such as Commercial Invoice, Paking List, Bill of Lading, GSP Form A, Certificate of Orign, Beneficiary Certificate, Benificery Dclaration, etc.

5.Document Submission to Bank for payment
After submission follow up with bank for payment confirmation. Its dependable what kinds payment type At-Sight or Deffered payment. To succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their customers attractive sales terms supported by the appropriate payment methods. Because getting paid in full and on time is the ultimate goal for each export sale, an appropriate payment method must be chosen carefully to minimize the payment risk while also accommodating the needs of the buyer. As shown in figure 1, there are five primary methods of payment for international transactions. During or before contract negotiations, you should consider which method in the figure is mutually desirable for you and your customer.

6. Follow-Up for Payment
An open account transaction in international trade is a sale where the goods are shipped and delivered before payment is due, which is typically in 30, 60 or 90 days. Open accounts are risky for exporters; however, from your client's perspective, this is the referred method of payment in terms of costs and risks. 

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