Documents in International Trade PDF

Documents in International Trade In international trade, documents and contracts are very important. A **document** is a paper or file that provides information. A **contract** is an agreement between two or more companies or people. Contracts in global trade make sure that all parties understand t...

Documents in International Trade In international trade, documents and contracts are very important. A **document** is a paper or file that provides information. A **contract** is an agreement between two or more companies or people. Contracts in global trade make sure that all parties understand their responsibilities and follow the rules. Several key documents are used in international trade. One of them is the **commercial invoice**. This document shows the buyer how much they need to pay for the goods. It includes details like price, quantity, and description of the products. Another important document is the **bill of lading**. This is used when goods are shipped by sea, and it proves that the goods have been loaded onto the ship. A **customs invoice** is used for goods that are being imported. It helps the customs office calculate any taxes or duties that must be paid. The **certificate of origin** shows where the goods were made, which is important for customs and trade agreements. Finally, there is the **letter of credit**. This is a document from a bank that promises the seller will be paid once they meet the conditions of the sale. It makes trade safer by ensuring payment. These documents help international trade run smoothly and protect both buyers and sellers.