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International Shipping: Requirements of Documents

20Cube Logistics

In both these activities, many documents change hands forming a long chain of exchange. Documents start from the parties responsible for import and export, companies that are handling shipping and movement will look at another set of documents to move the consignment in international waters. Purchase Order. Air Waybill.

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Negotiating Essential Clauses for Purchase Contracts

SIPMM Professional Publications

Contracting is defined as a process based on project management plans and developing budget specifications to closeout a contract with a set of document detailing an agreement of legally binding terms. When both parties […].

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The Beginner’s Guide to Bill of Lading Documents

ShipLilly

While you don’t want to forget any of those documents (no matter how numerous or tedious they may be), there’s one you definitely want to become familiar with: the bill of lading. A bill of lading is one of the most common – and important – documents in the shipping and logistics industry. Why are Bills of Lading important?

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Key Provisions to be Negotiated in a Construction Purchase Contract

SIPMM Professional Publications

Construction contracts are complicated documents that try to balance the needs of many different parties involved in a project. The post Key Provisions to be Negotiated in a Construction Purchase Contract appeared first on SIPMM INSTITUTE. While every clause in a construction contract is important to review, there are […].

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Eight Essential Documents That Are Key to Shipping

MTS Logistics

On the other hand, you also need to know and understand the rules and regulations of exporting and importing, and crucially, you need the proper shipping documents. However, most documentation is still handled manually in some countries. Pro Forma Invoice. Packing List. Bill of Lading (BOL). Certificate of Origin.

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Commercial Documents Required for Customs Clearance

20Cube Logistics

Every country has their own laws as outlined by the government and the shipping companies as well as freight forwarders should be aware of it and keep a tab on the new laws related to customs so as not to skip any mandatory document while in international trade. Purchase order is issued before completing the sales transaction.

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What documents should I retain for record keeping?

Globalior

It is generally a good idea for traders to keep all documents archived for at least 10 years in all countries (unless retention standards are longer). When it comes to record keeping requirements of Customs authorities, the legal requirements usually stipulates that all documents related to the imported or exported goods must be archived.