国际贸易实务Chapter 10 Outline of import and export procedure

Chapter 10Outline of Import and Export Procedures

1.Import ProceduresImport license Sales contract L/C Shipment and insurance Document examination and payment Customs clearance Taking delivery and reinspection Settlement of disputes

1.1 Import licenseIt is import control system by importing country for the protection of home industry or control of quantity or safety of the people. Importers must obtain import license if the imported goods require one and get it before negotiation actually starts.

1.2 Sales contract(1)Three parts of a contract 1. Beginning part: 2. Body part 3. Third part

1.2 Sales contract(2)The beginning part Contract number, time and place of contract, names addresses and contacts of the importer and the exporter and preface

1.2 Sales contract(3)The body part 1.Terms and conditions of a contract: Commodity, quality, quantity, unit price and terms, amount, time and means of shipment, terms of payment, insurance, etc. 2. The rights and obligations of the importer and the exporter

1.2 Sales contract(4)The third part: Language of the contract, number of copies and the signature of the contractors.

1.3 L/CImporter should apply for the opening of L/C in time in favor of the seller according to the contract. Any disagreement will cause amendment, which will incur cost.

1.4 Shipment and insuranceUnder EX and F group terms, the importer is responsible for shipment and insurance. The buyer should inform the seller of the arrival of the carrying vessel so that the seller can arrange to get the goods ready for loading. If the buyer will arrange for insurance, the seller should advise shipment duly.

1.5 Document examination and paymentWhen L/C is used, bank will be responsible to check documents and make sure they are acceptable. When D/A or D/P are used, the buyer must check the documents to make sure they are acceptable before making shipment.

1.6 Customs clearanceFill out some forms and the customs officer will check the goods against the documents. Bill of lading, commercial invoice, inspection certificate (if required), insurance policy.

1.7 Taking delivery and reinspectionReinspection at the port: The importer should check the outer package and number of package according to the invoice and bill of lading. Reinspection at the importer’s premise: Open case inspection for quality and quantity.

1.8 Settlement of DisputesIn case of claim, friendly negotiation, arbitration, lawsuit will be applicable.

2. Export proceduresExport license Sales contract Getting goods ready for shipment L/C Export declaration and customs clearance Shipment Insurance Documentation and payment

2.1 Export licenseBefore negotiating a sales contract, an exporter should confirm if he needs and is able to get the license.

2.2 Sales contractTerms and conditions Obligation of both the exporter and importer In written form