How should the payment documents for entrepot trade be correctly filled out? Please come and help me!
Our company is currently engaged in entrepot trade and involves payment operations. I'm not very clear about how to fill out the payment documents. For documents such as the payment application form, commercial invoice, and bill of lading, how should each piece of information be specifically filled out? Are there any special requirements? I haven't handled the payment for entrepot trade before and I'm worried that incorrect filling will affect the subsequent process. I'd like to ask everyone how to specifically fill out the payment documents for entrepot trade.
Professional consultant answers
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Care should be taken when filling out the payment documents for entrepot trade. Firstly, for the payment application form, basic information such as the application date, the name and code of the applying unit should be accurately filled out. Select "Entrepot trade" as the trade mode, fill out the payment amount and currency, and clearly indicate in the "Nature of Payment" column whether it is advance payment, payment upon receipt of goods, etc.
For the commercial invoice part, it should include information about the buyer and seller, description of the goods, quantity, unit price, total price, etc. Note that the invoice amount should be consistent with the contract and the payment amount.
For the bill of lading, detailed information about the shipper, consignee, and notify party should be included, and the description of the goods, quantity, weight, etc. should also match the actual situation. The port of shipment, transshipment port, and port of destination on the bill of lading should be clearly filled out and be consistent with the trade process. In addition, all document information should corroborate each other to avoid contradictions. After filling out, carefully check to ensure accuracy.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
On the payment application form, the information of the payee should be consistent with that of the commercial invoice and bill of lading, otherwise the bank's review may not pass. Both the uppercase and lowercase amounts should be clearly written and not omitted.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
The commercial invoice should indicate that it is specifically for entrepot trade, and clearly write down the country of origin and the final country of sale of the goods to facilitate the customs and the bank to understand the trade flow.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
The signing of the bill of lading should be standardized, and neither the stamp nor the signature can be omitted. Moreover, the authenticity of the bill of lading should be ensured and no false ones should be used.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Remember to attach the entrepot trade contract when filling out the payment documents. The bank will check the content of the documents according to the contract to ensure the authenticity of the trade.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
The dates involved on the documents should be reasonably arranged. For example, the date of the bill of lading should be after the date of signing the contract, and the payment date should conform to the contract agreement.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
If it is a telex release bill of lading, it should be clearly marked on the documents, and at the same time relevant documents such as the telex release letter of guarantee should be provided.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
When filling out the commercial invoice, the more detailed the description of the specifications of the goods, the better, to prevent disputes due to unclear description in the subsequent process.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The purpose of payment on the payment application form should be clearly written as the relevant payment for entrepot trade, and should not be ambiguous.