For goods exported to Egypt, ACI certification is required. The consignee must first pre-declare the goods in the local system to obtain an ACID number, which must be provided to the shipper. Failure to provide the ACID number will result in the goods being forcibly returned to the port of shipment and fined.
People in foreign trade often hear two professional terms: document customs declaration and purchase declaration. Lets take a look at the two customs declaration methods you need to know in trade.
How many types of letters of credit are there? Classification of letters of credit, how many types of letters of credit are there, and how to distinguish between them. Below is a detailed guide.
The air waybill is a transportation contract between the carrier and the consignor, as well as a receipt for goods issued by the carrier or its agent. The air waybill can serve as foundational documentation for cargo confirmation and accumulation, and as a basis for customs inspection and clearance. However, the air waybill is not a bill of lading representing the airline. The consignee name and address in the air waybill must be written in detail and cannot be made to order.
The Ocean Bill of Lading is a receipt issued by the carrier after receiving the goods, and also a voucher for the carrier to sign the transportation contract. The bill of lading also represents the ownership of the goods carried and is a document with property rights.
A letter of credit (L/C) is a document issued by a bank (the issuing bank) at the request and instruction of the importer (the applicant) to the exporter (the beneficiary), authorizing the exporter to draw drafts payable by the bank or the importer. Payment must be accepted and made upon presentation of drafts and documents in compliance with the L/C terms. The letter of credit is the most commonly used primary payment method in international trade.
How to apply for an ATA Carnet for goods going abroad for exhibitions? Learn about the conditions, required materials, and specific procedures for obtaining an ATA Carnet to simplify customs formalities, reduce costs, and ensure smooth customs clearance for exhibition goods.
This article addresses whether FCR documents can replace bills of lading for export tax rebate filing, detailing the definition, purpose, and limitations of FCR in export tax rebates. By comparing differences between FCR and bills of lading, it helps foreign trade enterprises understand documentation requirements for export tax rebates and avoid affecting rebate processes due to document discrepancies.
This article provides a detailed introduction to the selection of foreign trade payment methods, including common methods such as Telegraphic Transfer (TT), Letter of Credit (LC), Documents against Payment (DP), and their respective advantages and disadvantages. By comparing different payment methods, it helps foreign trade practitioners choose the most suitable payment method based on transaction scale and customer situation to ensure safe and smooth transactions.
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