The following types of documents are usually required for entrepot trade:
For commercial documents, a commercial invoice is essential. It records detailed transaction information such as the description, price, and quantity of the goods and is used for settlement between the trading parties. A packing list clearly specifies the details of the goods packaging, such as the type and quantity of the goods in each package, facilitating transportation and inventory taking.
Among transport documents, an ocean bill of lading is commonly used in ocean transportation. It is a receipt for the goods, proof of the transportation contract, and a document of title. An air waybill is used for air transportation.
For insurance documents, if the trade terms stipulate that the seller shall handle the insurance, an insurance policy needs to be provided to safeguard the risks during the goods transportation.
Regarding official documents, a certificate of origin can prove the country of origin of the goods and plays an important role in enjoying tariff preferences, etc. In addition, an import and export license may also be required, which depends on the type of goods and the relevant policies of the trading countries.
Professional consultant answers
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
The following types of documents are usually required for entrepot trade:
For commercial documents, a commercial invoice is essential. It records detailed transaction information such as the description, price, and quantity of the goods and is used for settlement between the trading parties. A packing list clearly specifies the details of the goods packaging, such as the type and quantity of the goods in each package, facilitating transportation and inventory taking.
Among transport documents, an ocean bill of lading is commonly used in ocean transportation. It is a receipt for the goods, proof of the transportation contract, and a document of title. An air waybill is used for air transportation.
For insurance documents, if the trade terms stipulate that the seller shall handle the insurance, an insurance policy needs to be provided to safeguard the risks during the goods transportation.
Regarding official documents, a certificate of origin can prove the country of origin of the goods and plays an important role in enjoying tariff preferences, etc. In addition, an import and export license may also be required, which depends on the type of goods and the relevant policies of the trading countries.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Besides the ones mentioned above, sometimes an inspection and quarantine certificate is also required. If the goods have relevant inspection requirements for quality, hygiene, etc., this certificate needs to be provided to prove that the goods meet the specified standards.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
A weight list is also quite important. It records detailed information such as the gross weight and net weight of the goods. For goods priced by weight, the weight list can ensure the accuracy of the transaction quantity.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The shipping notice cannot be ignored either. After the goods are loaded on the ship, the seller needs to send a shipping notice to the buyer in a timely manner, informing the buyer of the name of the ship, the voyage number, the date of loading, the estimated arrival date, etc., so that the buyer can make preparations for receiving the goods.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
A bill of exchange may be used in the settlement of entrepot trade, especially when the settlement is made by letter of credit or collection. It is a payment order, issued by the drawer, requiring the payer to pay a certain amount to the payee upon sight or on a specified date.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Documents related to the endorsement of the bill of lading are sometimes also crucial. If the bill of lading needs to be transferred, the correct endorsement procedures and related documents can ensure the legal transfer of the bill of lading and the transfer of the ownership of the goods.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
A warehouse receipt may be involved in the goods storage process. It is a voucher given by the warehouse keeper to the depositor, proving the depositor's ownership of the goods and involving operations such as goods storage and withdrawal.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
If there are changes in the contract terms during the trade process, a trade contract amendment records the changed content, clarifies the changes in the rights and obligations of both parties, and ensures the smooth progress of the trade.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
A declaration of origin can replace the certificate of origin in some cases. It is declared by the exporter himself about the origin of the goods, but it must meet the relevant requirements of the importing country.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
If the goods are exported to a preference-giving country, a Generalized System of Preferences (GSP) certificate of origin can be used to enjoy the GSP tariff preference treatment, reduce the import cost, and improve the competitiveness of the products.