Export Documentation

In: Miscellaneous

Submitted By Yasir
Words 7147
Pages 29
Import Export Pakistan Legislation Terms and Definition

Posted on June 19, 2008 by Imran
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Bill of Lading for Import Export Pakistan
A bill of lading (also referred to as a BOL or B/L) is a document issued by a carrier , e.g. a ship’s master or by a company’s shipping department, acknowledging that specified goods have been received on board as cargo for conveyance to a named place for delivery to the consignee who is usually identified.
Care (Customers Administrative) for Import Export Pakistan
Care stands for Customs Administrative Reforms and it is a project of the Central Board of Revenue overseeing reforms in Pakistan Customs. The project was initiated in February 2002. Since its inception CARE has carried out research and development work to enhance the efficiency of the department.
Cost and Freight (CFR) for Import Export Pakistan
Cost and Freight (CFR) means that the seller pays for transportation to the Port of Loading (POL), loading and freight . The buyer pays for the insurance and transportation of the goods from the Port of Discharge (POD) to his factory . The passing of risk occurs when the goods pass the ship ’s rail at the port of shipment which means that this term cannot be used for airfreight or land transport and also is inappropriate for most containerised sea shipments.
Cost, Insurance and Freight (CIF) for Import Export Pakistan
Cost, Insurance and Freight (CIF) is a common term in a sales contract that may be encountered in international trading when ocean transport is used. When a price is quoted CIF, it means that the selling price includes the cost of the goods, the freight or transport costs and also the cost of marine insurance.
Carriage and Insurance Paid To (CIP) for Import Export Pakistan
The passing of risk occurs when the goods have been delivered into the custody of the first carrier. This means that the…...

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