IBM 416 Lecture Notes - Lecture 6: World Customs Organization, Commercial Invoice, Harmonized System
17 Mar 2016
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What are the things that you should be aware of when shipping a product overseas? you must be aware of packing, labeling, documentation, and insurance requirements and regulations. Agent for moving cargo to an overseas destination. Customs broker an individual or company that is licensed to transact customs business on behalf of others. Airway bills: air freight shipments are covered by air waybills, which can never be made in negotiable form. Bill of lading: a contract between the owner of the goods and the carrier ( as with domestic shipments): straight: which is not negotiable and does not give title to the goods, negotiable: (shipper"s order)bill of lading. The latter can be bought, sold, or traded while the goods are in transit. The customer usually needs an original bill of lading as proof of ownership to take possession of the goods. Commercial invoice: bill for the goods from the seller to the buyer.
