Who on earth should issue the documentary materials for entrepot trade? Come and discuss it together!
Solved#Entrepot trade#
I have recently been involved in the entrepot trade business and am a bit confused about the issuing party of the documentary materials. In the entrepot trade process, it involves that the goods are first transported from the exporting country to the transit country and then transshipped to the final importing country. For the documentary materials such as the export declaration form, bill of lading, and packing list involved in this process, should they be the responsibility of the exporter, the transit trader, or the importer to issue? I hope that experienced friends can help answer this in detail. How are the issuing entities of different documentary materials distinguished?
Professional consultant answers
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
In entrepot trade, the issuing parties of different documentary materials are different. First of all, regarding the export declaration form, when the goods are declared at customs in the exporting country, generally the exporter prepares the relevant customs declaration materials to declare to the customs of the exporting country. And when declaring at customs in the transit country, it is usually the transit trader who is responsible for preparing the customs declaration materials to declare to the customs of the transit country. As for the bill of lading, if it is a through bill of lading, it is generally issued by the carrier or its agent responsible for the whole journey of transportation; if it is a sectional bill of lading, the bill of lading from the exporting country to the transit country is issued by the carrier responsible for the front section of transportation, and the bill of lading from the transit country to the final importing country is issued by the carrier responsible for the back section of transportation. The packing list is usually issued by the party actually responsible for packing the goods, generally the exporter or the packing party under the supervision of the exporter. Regarding the invoice, the exporter should issue an invoice to the transit trader, and the transit trader will then issue a new invoice to the importer. In short, the issuing entity should be determined according to the characteristics of different documentary materials and the links in the trade process.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
The bill of lading is generally issued by the carrier, but it also depends on how the trade contract stipulates. If it is stipulated that the freight forwarder can sign the bill of lading, then the freight forwarder can also issue the bill of lading.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
The packing list is basically issued by the exporter. After all, the goods are packed before export, and the exporter is the most aware of the actual packing situation of the goods.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
In entrepot trade, the exporter gives the transit trader a set of commercial invoices, and the transit trader will re-make a set and give it to the importer to conceal the source of the goods.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
The certificate of origin is rather special. Normally, it is issued by the relevant institutions of the country of origin of the goods. However, in entrepot trade, to avoid anti-dumping and other issues, it may be issued by the relevant institutions of the transit country according to specific rules.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The quality inspection certificate is generally issued by the exporter after having the goods inspected by a qualified inspection agency to prove the quality situation of the goods.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
The insurance policy is usually issued by the insurance company after the insured purchases insurance from the insurance company. The insured may be the exporter, the transit trader, or the importer, depending on the trade terms and contract agreements.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
The weight list is similar to the packing list. Generally, it is also issued by the exporter to indicate information such as the specific weight of the goods.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
The sea waybill is similar in function to the bill of lading. Generally, it is issued by the carrier or its agent and is commonly used in some short-sea transportations.