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Export, Import Performance

The document outlines the steps involved in export and import contracts, including checking letters of credit, preparing goods, inspection, and making necessary contracts for carriage and insurance. It emphasizes the importance of adhering to legal requirements and incoterms, as well as the procedures for clearing goods and settling claims. Additionally, it details the payment methods and documentation required for both exporting and importing processes.

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diynguyen7
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5 views7 pages

Export, Import Performance

The document outlines the steps involved in export and import contracts, including checking letters of credit, preparing goods, inspection, and making necessary contracts for carriage and insurance. It emphasizes the importance of adhering to legal requirements and incoterms, as well as the procedures for clearing goods and settling claims. Additionally, it details the payment methods and documentation required for both exporting and importing processes.

Uploaded by

diynguyen7
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Export contract

 Checking L/C ( if payment by D/C)


 Preparing source of goods for export
 Export goods inspection
 Making a contract of carriage
 Making a contract of insurance
 Clearing the goods for export
 Delivery the goods to carrier
 Forming a payment document
 Settling a claim( if any)

Pay more attention to incoterms rule and payment method to pick up suitable steps.

Performing steps:

Having a thorough grasp of and implement satisfactorily policies of State exporting management

Exporting merchants must satisfactorily implement the terms of legal current documents

Accessing the pages as follows

Checking L/C:

Checking the true of L/C: relying on Advising bank to check SWIFT code of L/C

Checking carefully L/C content:

Checking carefully every field of L/C

Considering every field of L/C from every term of contract that had been signed before

Considering every requirement of L/C to suit within Seller’s performing ability

If YES, perform the next step

If No, ask for L/C amendment.

Peparing source of goods for export

Exporter can make the following modes to create source of goods for export:

 Organizing production, processing , acquaculture, catching, explitation of source of goods for


export
 Organizing purchase of goods for export
 Organizing processing goods for export
 Organizing a joint venture, asociation for export
 Organizing mandated export

Export goods inspection:

Before delivery, exporter obligates experiment and quarantine:

Experiment: check the goods for quality, quantity, weight

Quarantine: check the goods for ability to transmit disease and settle against epidemic diseases,
insect( in case of exporting animal plants and food)

Export goods inspection systems is carried out in two level:

At grassroots level: experiment is carried out by KCS( knowledge centered support)

At border level: experiment is carried out by exporting importing goods inspection companies such
as: Vina control, OMIC, SGS…

Quarantine

At grassroots level: Quarantine is carried out by plant protection office or Veterinary sub-department

At border level: Quarantine is carried out by plant protection department or Veterinary department

Prodedure

Docuemtns: foreign trade contract and application for inspection

Exporting imporitng goods inspection companies check the goods for quality, quantity, weight and
take sample

After having result, contemporary certificate of sanitary inspecion is issued for exporter to clear the
goods for export

After B/L, official certificate of sanitary inspection is issued for exporter

Making a contract of carriage (if any)

Basis to define that exporter obligates to make a contract of carriage

Rule C and D

Contract has the term: Buyer asks seller for making a contract of carriage

Choose proper mode of charter:

 Liner
 Tramp
 Time tramp

Making a contract of insurance ( if any )

CIP and CIF

Contract has the terms: Buyer asks seller for making a contract of insurance

Choose proper insurance contents:

 Insurance condition
 Amount insured
 Others

Clearing the goods for export

 Declare to clear the goods for export


 Bring the goods to named place for examination by customs
 Making export duty ( if any)

Delivery goods to carrier

In case of container usage

Delivery in term of FCL

In case transportation right belongs to exporter:

 Choose competitive shipping line and proper schedule


 Sending booking request
 Receiving booking note
 Exporter contact agent for carrier at POL to receive empty container stuffed and sealed
 Delivery container to agent for carrier at CY
 B/L is issued for exporter by agent for carrier at POL

In case transportation right belongs to the importer:

 Receiving booking note


 Exporter contact agent for carrier at POL to receive empty container stuffed and sealed
 Delivery container to agent for carrier at CY
 B/L is issued for exporter by agent for carrier at POL
Delivery in term of LCL

In case transportation right belongs to exporter

 Choose competitive forwarding agent and proper schedule


 Sending booking request to forwarder
 Receiving booking confirmation
 Delivery shipment to forwarder at CFS
 B/L is issued for exporter by agent for forwarder at POL

In case transportation right belongs to importer

 Receiving booking confirmation


 Delivery shipment to forwarder at CFS
 B/L is issued for exporter by agent for forwarder at POL

Forming a payment document

Payment by T/T: Seller forms and sends payment documents to buỷe

Payment by other temrs: seller forms and sends payment documents to the import bank

Payment documents: elemetns and content must be suitable to payment document required
belonged to foreign trade contract or field 46A belonged to L/C ( in case payment by L/C)

Settling a claim ( if any )

Basis a settle a claim:

 The law applies to contract


 Content of terms and conditions of contract
 Othes

Import contract
 Opening L/C ( if payment by D/C)
 Making a contract of carriage ( if any )
 Making a contract of insurance ( if any )
 Payment
 Clearing the goods for Import
 Taking delivery the goods from carrier
 Testing quality, label and stamping importing goods
 Settling a claim ( if any)
Having a thorough grasp of and implement satisfactorily policies of State importing management

importing merchants must satisfactorily implement the terms of legal current documents

Accessing the pages as follows

Opening L/C ( if payment by D/C)

 Filling out and handing in application asking to open L/C


 Making a deposit to open L/C

Making a contract of carriage ( if any )

Rule E and F

Contract has the terms: Seller asks buyer for making a contract of carriage

Choose proper mode of charter:

 Liner
 Tramp
 Time tramp

Making a contract of insurance

EXW, FCA, CPT, FAS, FOB, CFR.

Contract has the terms: Seller asks Buyer for making a contract of insurance

Choose proper insurance content:

 Insurance condition
 Amount insured
 Othes

Payment

 T/T: Buyer forms and sends remittance order to remitting bank


 D/A: Buyer signs and sends accepted B/E to Collecting Bank
 D/P: Buyer forms and sends remittance order to collecting bank
 D/C: Issuing bank signs accepted B/E (L/C usance) or make payment (L/C at sight)
 Payment documents: elemetns and content must be suitable to payment document required
belonged to foreign trade contract or field 46A belonged to L/C ( in case payment by L/C)

Clearing the goods for import

 Declare to clear the goods for import


 Bring the goods to named place for examination by customs
 Making import duty ( if any)

Taking delivery goods from carrier

In case of container usage

Delivery in terms of FCL

 Receiving Notice of Arrival


 Presenting B/L to get D/O or eD/O
 Taking delivery the goods at CY after presenting D/O or eD/O and customs documents

Delivery in term of LCL:

 Receiving Notice of Arrival


 Presenting B/L to get D/O or eD/O
 Taking delivery the goods at CFS after presenting D/O or eD/O, Warehouse receipt and
customs documents

Quality testing

Decision no. 50/2006/QĐ-TTg dated 7th March 2006

Lebeling

Decree no. 89/2006/NĐ/CP dated 30th August 2006 (clause 5)

Stamping importing goods

Acccording to ministry of finance’s regulations

Settling a claim (if any)

To damaged goods

Forming COR- Cargo outturn report


To shortage of goods:

Forming ROROC- report on receipt of cargo

Forming CSC- Certificate of short landed cargo

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