Discuss the various documents used in international trade giving their importance
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Those exporters (or potential exporters) who are not fully familiarized with the nuances of international trade transactions may be unaware of the importance that transport documentation represents. To explain it, let’s start with the basics. In this sense, an analogy with post service is useful.
Let’s think of the document as a person who is mailing a package. This person goes to the post office, and hands over the package. The postal worker looks at the package, and verifies its condition, ensuring that it is properly sealed and suitable for shipping. The postal worker then weighs it and measures it to determine the shipping cost. Once the shipping costs have been paid, the sender receives a receipt (an airway bill or print receipt) with the corresponding breakdown of what was paid for. This creates duties and responsibilities for the postal service, because they must now deliver the package to the correct location, and only to the person named as the recipient. Also, as specified on this receipt, the sender is to receive a notice that the package was received. The postal service retains a copy of the airway bill or receipt, which indicates the specific recipient to receive the package, with the right to receive the package, as designated by the sender. That package can only be delivered to the recipient, as indicated on the receipt.
How does this example of sending a package from the post office relate to that of an international export transaction, where we are no longer talking about a single package but rather a full container of merchandise, with a declared value of several thousand dollars or more. There are several similarities, although rather than a simple receipt from the post office, a much more valuable document is involved, which is called a “transport document.”
It could be said that the transport document is the document issued by the carrier when it takes possession of the merchandise, which is delivered to the sender. The transport document represents the freight carrier’s commitment to transport the merchandise to a specific destination, under certain conditions, in exchange for a monetary sum. It should be added that the shipper must include in this document, as indicated by the sender, a list of recipients, whether an individual or legal entity, entitled to claim the shipment at the place of destination.
As such, why is the transport document so important? It is important because:
It represents the contract of carriage, containing the conditions that pertain to the shipping transaction. It should be noted that it will contain all of the terms and conditions under which the transport operation will take place;
It is proof that the merchandise has been delivered for transport; the seller can demonstrate this to the customer, which is the only way the buyer could get their hands on this document.
It shows that the goods were delivered in good conditions. The freight carrier would not accept any merchandise that is visibly damaged or contains noticeable flaws, notifying the exporter of the situationsituationp
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Let’s think of the document as a person who is mailing a package. This person goes to the post office, and hands over the package. The postal worker looks at the package, and verifies its condition, ensuring that it is properly sealed and suitable for shipping. The postal worker then weighs it and measures it to determine the shipping cost. Once the shipping costs have been paid, the sender receives a receipt (an airway bill or print receipt) with the corresponding breakdown of what was paid for. This creates duties and responsibilities for the postal service, because they must now deliver the package to the correct location, and only to the person named as the recipient. Also, as specified on this receipt, the sender is to receive a notice that the package was received. The postal service retains a copy of the airway bill or receipt, which indicates the specific recipient to receive the package, with the right to receive the package, as designated by the sender. That package can only be delivered to the recipient, as indicated on the receipt.
How does this example of sending a package from the post office relate to that of an international export transaction, where we are no longer talking about a single package but rather a full container of merchandise, with a declared value of several thousand dollars or more. There are several similarities, although rather than a simple receipt from the post office, a much more valuable document is involved, which is called a “transport document.”
It could be said that the transport document is the document issued by the carrier when it takes possession of the merchandise, which is delivered to the sender. The transport document represents the freight carrier’s commitment to transport the merchandise to a specific destination, under certain conditions, in exchange for a monetary sum. It should be added that the shipper must include in this document, as indicated by the sender, a list of recipients, whether an individual or legal entity, entitled to claim the shipment at the place of destination.
As such, why is the transport document so important? It is important because:
It represents the contract of carriage, containing the conditions that pertain to the shipping transaction. It should be noted that it will contain all of the terms and conditions under which the transport operation will take place;
It is proof that the merchandise has been delivered for transport; the seller can demonstrate this to the customer, which is the only way the buyer could get their hands on this document.
It shows that the goods were delivered in good conditions. The freight carrier would not accept any merchandise that is visibly damaged or contains noticeable flaws, notifying the exporter of the situationsituationp
This is your answer. Please mark me as brainlist and follow me. I want to become a teacher in the subject economic . You can ask me doubt in it. But please mark me as brainlist.
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