As an exporter and/or importer, you may encounter daily problems in your international transactions. Selling or purchasing goods overseas involves one or more modes of transportation, numerous types of documents and paperwork, and needs deep knowledge on the global trade and transportation.
The distance between the purchaser and the seller is a main concern. It is not always quick and easy to transport and deliver goods on time, to a purchaser who is many, many miles away. Considering the different types of transportation (land, sea, air, and rail) as well as the numerous ways goods are delivered overseas, arranging transportation could certainly be a complicated job.
Also, global trading is administered by number of complex rules, regulations, and laws. Not only should you consider the laws of the country where goods originated, you should also observe the policies of the country where goods are to be delivered, as well.
In most countries, cargos being exported or imported are subject to customs declaration. The vendor or an authorized agent should complete certain documents to comply with the law. He should also provide the Bill of Lading to the transportation company.
Every country has its own policies and requirements. More than 800 different documents about commercial transactions between nations were indexed at the United Nations Conference on Trade and Development. Needless to say, this number of necessary documents makes a complex array of requirements.
For instance, In Panama, every shipment entering the nation should be accompanied by a consular invoice in the Spanish language, upon arrival. Blank copies of such invoices could be purchased at the Consulate. It should be noted that once it is completed, the consular invoice is not to be modified or changed in any manner. Aside from the consular invoice, the bill of lading and the commercial invoice should show specific information and/or certain declarations. When such documents are completed, they should be countersigned by the Department of Commerce or the Chamber of Commerce, and then finally legalized by the Consulate of Panama. Other governments are not different and require specific documents when goods enter a certain country.
When you are entering in a transaction with a foreign commercial partner, how can you be certain that the transportation and the deliver will be completed without any hassle? How can you be certain of having all of the important and necessary paperwork and documents for customs clearance and transportation of your goods? Your international freight forwarder most likely has the answers to such questions.
The international freight forwarder is a specialist in the field of global transportation and makes arrangements in shipping in accordance with the set standards of the industry. The role of a forwarder is to give advice, inform, and complete all of the necessary documents for the shipment. Since they regularly deal with different people in an international level, they are aware of the requirements, rules, and policies of each nation with regards to international trade. Also, they are considered experts in the field of transportation.
- Starting Your Own Home-Based International Trading Business
- Evaluating Financing Options for Your Business: Myths and Facts
- How to Raise Money to Finance a Franchise
- How to Market Your Wedding Photography Business
- 5 Key Benefits of Invoice Financing for Your Small Business