Foreign Trade Documents

1) What is Bill Of Landing?

Bill of lading is a type of document that is used to acknowledge the receipt of a shipment of goods. A transportation company or carrier issues this document to a shipper. In addition to acknowledging the receipt of goods, a bill of lading indicates the particular vessel on which the goods have been placed, their intended destination, and the terms for transporting the shipment to its final destination.

2) What is Proforma Invoice?

A Proforma invoice is an invoice provided by a supplier in advance of providing the goods or service. Suppliers will do this if for some reason they are not prepared to extend normal credit terms to the University. Finance strongly advise department to consider very carefully the risks of trading with companies in this way, as if the goods are never forthcoming it is unlikely the University will be able to recover the money and departments will bear that cost. However, in exceptional instances we do allow payments on proforma invoices.

3) What is Commercial Invoice?

Commercial Invoice refers to the evidential document of importing accounts, tax payment or customs declaration. The contents of commercial invoices generally includes: 1. the word: &quotINVOICE" 2. Number and Date of Issuance; 3. Contract Number or Order Number; 4. Consignee's Name and Address; 5. Exporter's Name and Address; 6. Commodity, Specifications, Quantity, Gross Weight and Net Weight, etc; 7. Packing and Measurement; 8. Unit Price and Price Term; 9. Total Amount; 10.Signature of Maker.

4) What is Freight Bill?

Carrier's invoice for freight charges applicable to ashipment. Also called freight invoice.