International Trading

merchandise: things bought and sold; commodities; wares.

The exporter authenticates the accuracy of the invoice by appearing before the Importer country’s Consul.

The COO is an instrument that establishes the origin of goods imported into a country.

Business salutations and greetings

It is an agreement signed by the buyer of the goods to pay the seller a certain sum of money on a specified future date

officials who collect this tax

Undertaking given by the importer’s bank acting upon the request of the importer. It will make payment to a beneficiary

If you know the name of the person you are writing to use:

A document that shows where goods come from

There are two categories of Certificate of Origin of Goods (COO)

letter from a bank authorising a person to draw money from another bank.

After the recipient’s name, you need to write their house name or a number and the street name.

Goods or products that are being transported or shipped.

Evidence of a contract between the carrier and the exporter to deliver the goods to a specified destination (importer).

Protect goods in transit from loss or damage from the time they leave the exporter’s warehouse until another warehouse

Commercial documentation

An L/C involves a minimum of four parties

huge box to hold goods for transport

London postcodes are used to divide London into geographic areas.

An L/C imposes the superior creditworthiness of the importer’s bank over that of the importer and protects the exporter

issuing bank

When the goods are in packages, the packing list gives details of the goods in each package.

Developed countries use it to give tariff concessions to developing countries.

Email – letter structure

Inspection certificate: States that the goods have been inspected and conform to the quality - other contractual terms.

Inspection certificate