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Showing posts with the label SHIPPING DOCUMENT

TOP 11 Shipping Document Must Known

All international commerce transactions rely on two essential types of papers import and export documents. These documents orchestrate a long chain of actions. From offering the parties that are responsible for import and export with accounting data, the companies that are handling shipping and transportation with what needs to be done with a particular parcel, and the banks with the right tools to ensure that the payment is collected. The documents that ensure a smooth process of import and export are of different types and classifications. Some documents are official, some commercial, while others are related to insurance and finance. Purchase Order This document acts as official confirmation that an ordered has been processed. It contains vital information about the nature of the transaction, the parties that partake in it, the nature of the goods, and the date that this agreement has been signed. This document covers an entire set of essential functions. First, the help cl...

LETTER OF CREDIT

Dalam perdagangan, metode menggunakan sarana letter of credit (L/C) dan S urat Kredit berdokumen Dalam Negeri (SKBDN) sering menjadi pilihan penjual dan pembeli. Mengapa? Tak lain karena adanya unsur jaminan pembayaran dari bank penerbit L/C atau SKBDN itu. Umumnya L/C atau SKBDN digunakan untuk membiayai sales contract antara penjual dan pembeli yang belum saling mengenal dengan baik. Dengan L/C atau SKBDN, penjual merasa aman dengan adanya janji pembayaran dari bank penerbit L/C atau SKBDN (issuing bank) itu sepanjang penjual dapat menyerahkan dokumen yang sesuai dengan syarat L/C atau SKBDN (complying presentation). Di lain pihak, pembeli juga begitu. Ia sebagai pihak pemohon L/C atau SKBDN juga merasa aman dengan adanya syarat penyerahan dokumen yang telah ditentukan dalam L/C atau SKBDN, karena banknya tidak akan melakukan pembayaran sebelum dokumen diterima olehnya. L/C dan SKBDN sendiri diterbitkan oleh bank sebagai pelaksanaan klausul-klausul dalam sales contract yan...

CHARTER PARTY

This article is about the maritime legal term. For the Cincinnati political party , see Charter Party . Charter Party (Lat. charta partita, a legal paper or instrument, divided, i.e. written in duplicate so that each party retains half), a written, or partly written and partly printed, contract between a shipowner and a merchant , by which a ship is let or hired for the conveyance of goods on a specified voyage, or for a defined period. A vessel might also be chartered to carry passengers on a journey. Also, a written contract between shipowner and charterer whereby a ship is hired; all terms, conditions and exceptions are stated in the contract or incorporated by reference. A charter party is the contract between the owner of a vessel and the charterer for the use of a vessel. The charterer takes over the vessel for either a certain amount of time (a time charter) or for a certain point-to-point voyage (a voyage charter), giving rise to these two main types of charter agreement...

CERTIFICATE OF ORIGIN

A Certificate of Origin (often abbreviated to CO or COO) is a document used in international trade . It traditionally states from what country the shipped goods originate, but "originate" in a CO does not mean the country the goods are shipped from, but the country where their goods are actually made. This raises a definition problem in cases where less than 100% of the raw materials and processes and added value are not all from one country. An often used practice is that if more than 50% of the sales price of the goods originate from one country, that country is acceptable as the country of origin (then the "national content" is more than 50%). In various international agreements, other percentages of national content are acceptable. When countries unite in trading agreements, they may allow Certificate of Origin to state the trading bloc as origin, rather than the specific country. The document may be informal, i.e. issued for example by the exporter, b...

LETTER OF INTENT

A letter of intent or LOI is a document outlining an agreement between two or more parties before the agreement is finalized. The concept is similar to the so-called heads of agreement . Such agreements may be Asset Purchase Agreements, Share Purchase Agreements, Joint-Venture Agreements and overall all Agreements which aim at closing a financially large deal. LOIs resemble written contracts , but are usually not binding on the parties in their entirety. Many LOIs, however, contain provisions that are binding, such as non-disclosure agreements , a covenant to negotiate in good faith , or a "stand-still" or "no-shop" provision promising exclusive rights to negotiate. A LOI may also be interpreted as binding the parties if it too closely resembles a formal contract. The purposes of an LOI may be: To clarify the key points of a complex transaction for the convenience of the parties To declare officially that the parties are currently negotiating, as in a merger ...

BILL OF LADING

Bill of Lading Surat yang dikeluarkan maskapai pelayaran yang menerangkan bahwa ia telah menerima barang dari pengirim untuk diangkut sampai ke pelabuhan tujuan dan diserahkan kepada penerima; surat muatan mempunyai tiga fungsi yaitu sebagai perjanjian pengangkutan, tanda bukti penerimaan barang, dan tanda bukti pemilikan barang (Surat Muatan)