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What documents are needed for entrepot trade? Do you know?

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I recently plan to engage in entrepot trade. I haven't been exposed to this area before and am not very clear about the required documents. I would like to ask what documents are generally needed for entrepot trade? I hope you can be more detailed so that I can have a clear idea in my mind. Otherwise, I'm really afraid that problems with documents will delay things. What documents are needed for links such as customs declaration, transportation, and settlement respectively?

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Professional consultant answers

Joseph Zhou
Joseph ZhouYears of service:10Customer Rating:5.0

Senior foreign trade managerConsult

Entrepot trade involves multiple links, and the required documents are relatively complex. First, there are commercial documents, including commercial invoices, which are lists issued by the seller to the buyer containing details of the goods, prices, etc., and are used for settlement between the trading parties. The packing list is also very important, which details the packaging of the goods, facilitating customs inspection and the consignee's verification of the goods. Second, there are transportation documents. The ocean bill of lading is a receipt for goods, a proof of the transportation contract, and a document of title, ensuring the accurate transportation and delivery of goods. For air transportation, an air waybill is used. Third, there are customs declaration documents. The customs declaration form needs to be filled with the goods information truthfully and is used to declare to the customs. There is also the certificate of origin, which is essential if preferential tariffs are involved, as it proves the country of origin of the goods. Insurance documents play a protective role when there are risks to the goods during transportation. In terms of settlement, letters of credit are more common, guaranteeing the rights and interests of both the buyer and the seller.

In short, the documents for different links are interrelated and all need to be carefully prepared.

Emily Liu
Emily LiuYears of service:10Customer Rating:5.0

Settlement and payment expertConsult

Drafts may also be used, often in the settlement link. It is a bill issued by the drawer, entrusting the drawee to unconditionally pay a certain amount to the payee or the bearer at sight or on a specified date.

James Liu
James LiuYears of service:10Customer Rating:5.0

Foreign trade tax refund consultantConsult

Inspection and quarantine certificates are sometimes indispensable. If the goods need to meet specific quality, hygiene, etc. standards, this certificate needs to be provided to prove that the goods have passed the relevant inspection and quarantine.

William Yang
William YangYears of service:5Customer Rating:5.0

International logistics consultantConsult

The weight list is also a relatively important document. It details the weight information of the goods, which is crucial for goods priced by weight or with weight requirements during transportation.

Andrew Huang
Andrew HuangYears of service:7Customer Rating:5.0

Supply chain optimization expertConsult

The shipping advice is also commonly used. After the goods are loaded on board, the seller needs to promptly send a shipping advice to the buyer, informing the buyer that the goods have been loaded and relevant shipping schedule information, facilitating the buyer to prepare for receiving the goods.

Michelle Chen
Michelle ChenYears of service:3Customer Rating:5.0

Business coordination consultantConsult

The warehouse receipt is involved in the goods storage link. It is a document of title issued by the warehouser to the depositor, and the depositor can use it to withdraw or transfer the goods.

Amanda Yang
Amanda YangYears of service:3Customer Rating:5.0

Cost control consultantConsult

There must be a trade contract. It clarifies the rights and obligations of the buyer and the seller, is the basic document for the entire entrepot trade, and makes detailed agreements on all aspects of the transaction.

David Li
David LiYears of service:6Customer Rating:5.0

Senior customs declaration consultantConsult

The Generalized System of Preferences (GSP) certificate of origin should be provided if the goods enjoy GSP preferential tariffs, enabling the importing country to grant duty reduction or exemption treatment to goods originating from the exporting country.

Sarah Zhang
Sarah ZhangYears of service:8Customer Rating:5.0

Document expertConsult

Consular invoices are required by some countries. It is an invoice visaed by the consulate of the importing country in the exporting country, mainly used to control the price of imported goods, etc.

Elizabeth Li
Elizabeth LiYears of service:3Customer Rating:5.0

Compliance and risk managerConsult

Customs invoices are also used. They are forms formulated by the customs of the importing country and filled in by the exporter for the importer to use for customs declaration, used to verify the country of origin of the goods, etc.

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