Question

Discuss the various documents used in External Trade.

Answer 1

The documents include the commercial invoice, Bill of Lading, warranty of title, Letter of Credit, Certificate of origin of goods, Inspection certificate, Packing weight list, Export declaration, Consular invoice, and the insurance document.

Answer 2

Explanation:

Management There are three important documents which are normally involved in the foreign trade.

• The three documents are bill of exchange, bill of lading and letter of credit. .

• All foreign trade involves a time lag between dispatch of goods by exporter, receipt of goods by importer; and time involved in shipment of goods.