CozyKnitSweater

Chapter 24: What Types Of Papers Do I Have To Prepare When Importing Christmas, Funny Or Sustainable Socks?

For import and export, the most important, sensitive, and tricky work is handling the document. Before the sipping procedure always make sure that you have a right and complete set of documents to avoid any kind of inconvenience. This is the most complex part of shipping because it involves all the paperwork that you have to submit to related authorities and clear your shipment. Key point is that you always do the paperwork by yourself or through a proper and authentic source like a very experienced freight forwarder and keep a check on them throughout the paperwork process. Even if you are hiring a freight forwarder for your shipment and assigning all the paperwork to him we still recommend having a check and staying active. Some important documents that you are going to need for customized socks include;

Commercial Invoice

A commercial Invoice is the most important required legal document used for the clearance process of import and export during international trade. It is provided by the seller to the buyer and it is just like a contract. It is proof of sale that the buyer (importer) has bought a product from the seller (exporter).
It is just like a contract and includes all the details related to the price of the goods, quantity, and value of the products. It contains all the conditions and terms buyer and seller agree to.
A professional commercial invoice contains the following information:
Information related to the transaction
➔Invoice number
➔Invoice date
➔Order number
➔Total sale amount
➔Currency
➔Payment instructions
Information related to the exporter and importer
➔Exporter/seller information (name, address, phone number, etc.)
➔Exporter/seller’s tax identification number (eg. VAT, EORI, etc.)
➔Importer/buyer information (name, address, phone number, etc.)
➔Importer/buyer’s tax identification number (eg. VAT, EORI, etc.)
➔Notify party’s information
Information related to the shipping of the merchandise
➔Bill of Lading number
➔Forwarding agent
➔HS code
➔A clear description of goods (no. of packages, units, weight, etc.)
➔Incoterm under which the merchandise has been sold
➔Origin of merchandise
➔Insurance
➔Date of exportation means of transport, and final destination
➔Shipper’s signature

Packing List

A document that contains the information related to the product and its packing during international trading is called a packing list. Best way to add as much information as you can include in the price list. Usually, it contains information about the exporter, freight forwarder, packing method, dimension, etc. The main information that you should add to a packing list includes;
➔Date
➔Freight forwarder contact information
➔Exporter contact information
➔Cargo origin address for example China
➔The destination address of cargo, for example, UK
➔Total number of Cartons or packages within the specific shipment
➔A detailed description of every package
➔Volume and weight of every package
➔Entire shipment volume and weight
➔Shipment commercial invoice number

Insurance Certificate

Legal notice and certificate from an insurer that shows that you have insurance for your shipment are called Insurance certificates. It can also be called a certificate of liability insurance or proof of insurance.
When you are reviewing an insurance certificate for your shipment of customized socks always keep these points in your mind;
➔Issued by a legalized insurance company,
➔On the name of the company or specific person, you are hiring,
➔It covers all the desired points,
➔Including every coverage amount,
➔The policy period mentioned on the insurance certificate should be more or don't expire till the completion of the shipment.
A good insurance certificate should include the following information;
➔Mailing address,
➔Insurance company complete contact information,
➔Policy type,
➔Effective dates for policy,
➔Coverage limitations,

Bill Of Lading

BL, Bol, or bill of lading is an official legal document issued to a shipper from his client. Bill of lading contains all the information like the type of shipment, the quantity of the shipment, and destination information. It is also considered a shipment receipt. The Lading bill should be signed by the carrier, the shipper, and by the receiver.

Certificate Of Origin