Documents required for payment using L/C for trade under FOB
Post 72 of 92
Replying to [newdog]:
L/C means Letter of Credit. It is an instrument of payment for a transaction.
FOB is Free On Board. FOB is a means of shipment of goods from Seller to Buyer.
L/C means Letter of Credit. It is an instrument of payment for a transaction.
FOB is Free On Board. FOB is a means of shipment of goods from Seller to Buyer.
30 Jun 2007 22:19
Post 73 of 92
Replying to [mugesh]:The document required are Packing List,Invoice,Certificate of Fumigations, Certificate of Origin, B/L original and copy, manufacture and packing declarations ( if you wanna export to Australia country). All the documents can be issued and provided by Forwarder agent
23 Aug 2007 21:28
Post 74 of 92
we are one of china's biggest wholesaler of electrical product such as:digital cameras, mobile, LCD TV, Laptops Notebooks,
Digital Video, GPS,Mp4, ... and so on.
If you make a big of order from our website,we will give you more of special discount,thank you very much
WEB : www.mall-ebay.com
MSN : malleeby@hotmail.com![[em17]](http://img.alibaba.com/images/eng/style/icon/emoticons_shake_hands.gif)
Digital Video, GPS,Mp4, ... and so on.
If you make a big of order from our website,we will give you more of special discount,thank you very much
WEB : www.mall-ebay.com
MSN : malleeby@hotmail.com
29 Sep 2007 07:32
Post 75 of 92
Replying to [kai1]: you receive a B/L on that is: stamped or confirmed : received for shipment
01 Oct 2007 15:18
Post 76 of 92
Dear friend:
welcome to visit our website!You can never find such a low price in other place...
(we are one of china's biggest wholesaler of electrical product such as:digital cameras, mobile, LCD TV, Laptops Notebooks, Digital Video, GPS,Mp4, ... and so on.)
If you make a big of order from our website,we will give you more of special discount,thank you very much
WEB : www.mall-ebay.com
MSN : malleeby@hotmail.com
E-mail : malleeby@gmail.com
13 Oct 2007 08:39
Post 77 of 92
Dear friend:
welcome to visit our website!You can never find such a low price in other place...
(we are one of china's biggest wholesaler of electrical product such as:digital cameras, mobile, LCD TV, Laptops Notebooks, Digital Video, GPS,Mp4, ... and so on.)
If you make a big of order from our website,we will give you more of special discount,thank you very much
WEB : www.mall-ebay.com
MSN : malleeby@hotmail.com
E-mail : malleeby@gmail.com
13 Oct 2007 08:39
Post 78 of 92
Replying to [kai1]: dearmy friend,
i understand your consider about fob process. i am an exporter in marble market. we always export fob. after our contact agent sh1p the goods, they send the b/l to us. basically we do have the b/l after shipment, and you dont have to have the original b/l after shipment. otherwise you might have the right to take the goods from the port with the original b/l.
anyway, after sh1pment exporter would have the b/l, and you must notify the b/l on the lc in order to ensure the shipment. exporter must prepare all the documents that you notify on the lc(could be cert. of origin, certificate of heat treatment, inspection certifficate etc.) and send it to his bank. After exporter's bank check the documents, they send the documents to importer's bank. And after all thi process your bank will have received the original b/l already. You will see the b/l and can confirm the payment which is logic and not risky.
an advice; want the certificate that would be issued by a government organization or somthing like that.
best regards,
![[em20]](http://img.alibaba.com/images/eng/style/icon/emoticons_victory.gif)
i understand your consider about fob process. i am an exporter in marble market. we always export fob. after our contact agent sh1p the goods, they send the b/l to us. basically we do have the b/l after shipment, and you dont have to have the original b/l after shipment. otherwise you might have the right to take the goods from the port with the original b/l.
anyway, after sh1pment exporter would have the b/l, and you must notify the b/l on the lc in order to ensure the shipment. exporter must prepare all the documents that you notify on the lc(could be cert. of origin, certificate of heat treatment, inspection certifficate etc.) and send it to his bank. After exporter's bank check the documents, they send the documents to importer's bank. And after all thi process your bank will have received the original b/l already. You will see the b/l and can confirm the payment which is logic and not risky.
an advice; want the certificate that would be issued by a government organization or somthing like that.
best regards,
19 Oct 2007 07:26
Post 79 of 92
Replying to [kai1]: All shipment thru L/C term also choose Bill of lading be best way that draw the money in the bank. But sometime buyer / seller deal the agreement like to use CARGO RECEIPT document.
20 Oct 2007 06:00
![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif){kind=icon}
Post 81 of 92
Replying to [kai1]:
once you have the fob - ask the customer to first fax you the signed bill of lading - before it leaves the dock - that way you can get a seal number as well and then you also have tracking information - that how i did it when I worked for Skyjack Incorporated - Guelph, Canda - set up a contract such as 30 days to be paid in full once shipments leaves the dock - or you make make it 60 days - what ever your overhead wil allow.
Hope this helps you - if you need any other assistance - I am pleased to assist you. I can write contracts ...etc...
Ivy
once you have the fob - ask the customer to first fax you the signed bill of lading - before it leaves the dock - that way you can get a seal number as well and then you also have tracking information - that how i did it when I worked for Skyjack Incorporated - Guelph, Canda - set up a contract such as 30 days to be paid in full once shipments leaves the dock - or you make make it 60 days - what ever your overhead wil allow.
Hope this helps you - if you need any other assistance - I am pleased to assist you. I can write contracts ...etc...
Ivy
05 Nov 2007 19:44