Guidance Letters of credit for importers and exporters Letters of credit and how they can be used to reduce risk in international trade. Published 1 August 2012 From: HM Revenue & Customs Contents Introduction What is a letter of credit? When to use a letter of credit Types of letter of credit Uniform customs and […]
Category: Trade Documents & Issues
Trade Paperwork
Guidance International trade paperwork Contracts, licences, declarations and documents needed to import and export goods and services. Published 1 August 2012 Last updated 6 April 2017 — see all updates From: HM Revenue & Customs Contents Introduction Key documentation for international trade International trade contracts and Incoterms Import documentation Export documentation International transport documentation International trade […]
INCOTERMS
International Sale of Goods It is essential that there is a clear written contract between buyer and seller, specifying what has to be delivered and the terms of sale. Supply contracts should set out where the goods are to be delivered. It should specify who is responsible for every stage of the journey, including custom […]
C INCOTERMS
Cost and Freight Cost Insurance Freight Under Cost and Freight (CFR) and Cost Insurance Freight (CIF), the seller is responsible for arranging and paying for the main carriage. The risk of damage and loss rests with the buyer. CFR and CIF are used in relation to transport by sea or inland waterways. Under Cost and […]
F INCOTERMS
Free Terms The terms Free Carrier (FC or FCA), Free Alongside Ship (FAS) and Free on Board (FOB) provide that the seller is responsible for arranging for and delivering the goods to a carrier. FOB and FAS refer to sea or inland waterway transport. Under FAS the seller must complete all export documentation and is […]