Replying to [budy]:
Further comments, dont ask the buyer what type of contract he wants, you make one up yourself, Inernational Chamber of Commerce and your local chamber of commerce can help you. One very very essential point, if any claims under the contract, if not settled byt mutual negotiation, then the claim to be referred to 2 arbitrators, one to be appointed by each party, if not result then to the International Chamber of Commerce, but always, I repeat always outside of Vietnam, you will not get a fair hearing if you agree to settle any claims under Vietnamese law.

Replying to [budy]:

In my 'umble opinion, this is not the way to manage one's business as a start-up. If that was possible, then I would have become a hands-on exporter (even at this age) rather than remaining just a banker! You have to get your hands dirty and your feet wet. You have to get into the water to learn how to swim! There is no shortcut.

It is better for the person concerned to seek expert advice locally, or be an understudy to an established exporter for sometime to learn the ropes, the tricks of the trade.

Replying to [budy]: The best way is you to have a staff who specialized in these things. Even an expert on the L/C could not help you, because you even do not know how to make a invoice,
there's so many details for you to make after you got the L/C, and
these info for the L/C are very important, if what you supplied are different between doc. you would then have big trouble to get
payment for the L/C.

Replying to [budy]:Hey Buddy contact me on shrimpcrab69atyahoodotcom
tks

Quoting from [budy]:






Hi, guys... i need some expert to answer my question.


Before i ask some questions, i need to introduce myself.



My name is Budy, i'm a supplier for frozen soft shell crab, now i got my first buyer from vietnam, and we all agree for prices, packing, payment, etc.



My buyer want to make payment with L/C, and this is my first time deal with it. and here is the email to me :


There are some things you must prepare and let me know to open L/C for you:


1. Name, address and banking details of the company which stands for you to export.


2. Proforma Invoice under that company's name for me to open L/C (Product name: FROZEN RAW MATERIALS OF WHOLE ROUND OF SOFT SHELL CRAB )


3. Contract with my company signed by the above mentioned company to open L/C.


Your attention is appreciated.


* In the L/C I'll indicate all needed docs. Contact me if you need more information.



Can anyone help me, please......


1. I know the first one, i have name. address, and banking detail.


the rest i dunno.


2. What is proforma invoice anyway, what is inside proforma invoice, can anyone give me more detail ?


3. The contract. who supposed to be make a contract ? A BUYER OR SELLER ? What is supposed to be inside the contract ?



I'm very gladly if someone help me. I need the EXPERT one to help me.



THANKS A MILLION


BUDY HARTONO

2. What is proforma invoice anyway, what is inside proforma invoice, can anyone give me more detail ? Proforma Invoice is Pre-SalesContract documents, it's describes all terms and conditions of business you are dealing with.

3. The contract. who supposed to be make a contract ? A BUYER OR SELLER ? What is supposed to be inside the contract ? contract can be made by any parties even not by buyer or seller (third party) as long as agreed by buyer and seller. Contract must be bear all the things you'are concern of your business transaction such as, description of goods, price, all agreement, risk cover, charges, method of payment, method of delivery, dispute solvency etc. 



You can contact me on mail.rahmanhakim@gmail.com for more details.

Quoting from [budy]:




Hi, guys... i need some expert to answer my question.

Before i ask some questions, i need to introduce myself.


My name is Budy, i'm a supplier for frozen soft shell crab, now i got my first buyer from vietnam, and we all agree for prices, packing, payment, etc.


My buyer want to make payment with L/C, and this is my first time deal with it. and here is the email to me :

There are some things you must prepare and let me know to open L/C for you:

1. Name, address and banking details of the company which stands for you to export.

2. Proforma Invoice under that company's name for me to open L/C (Product name: FROZEN RAW MATERIALS OF WHOLE ROUND OF SOFT SHELL CRAB )

3. Contract with my company signed by the above mentioned company to open L/C.

Your attention is appreciated.

* In the L/C I'll indicate all needed docs. Contact me if you need more information.


Can anyone help me, please......

1. I know the first one, i have name. address, and banking detail.

the rest i dunno.

2. What is proforma invoice anyway, what is inside proforma invoice, can anyone give me more detail ?

3. The contract. who supposed to be make a contract ? A BUYER OR SELLER ? What is supposed to be inside the contract ?


I'm very gladly if someone help me. I need the EXPERT one to help me.


THANKS A MILLION

BUDY HARTONO

proforma invoice is invoice before the goods will ship

INVOICE (or COMMERCIAL INVOICE)

NO:.............../............/............../......../2008

Commodity: FROZEN RAW MATERIALS OF WHOLE ROUND OF SOFT SHELL CRAB

Consignee : Your buyer

Notify party : same as consignee

From : ...........port -Indonesia

To :.........*..........( *=destination port/your buyer port)

Container No. : ..................../ 20' or 40'

L/C No. :..........

Seal No. :

NO.    !    ITEM CODE  !    Quantity   !         DESCRIPTION OF GOODS                !  PRICE (USD)  ! AMOUNT(USD)           

                                  

 * Description of goods------------->  FROZEN RAW MATERIALS OF WHOLE ROUND OF SOFT SHELL CRAB 

           

TERM OF OUR LETTER OF CREDIT

Letter of Credit to be sent to........*(*your bank) with following details:

         BANK......................*( *your bank)

       Jl.........................

        Swift Code: ......................

        Account :......................

       on behalf of......PT.  ....................

40.A : Form of Documentary credit : IRREVOCABLE - by at sight L/C

41.D : Available with/by : ANY BANK IN INDONESIA BY NEGOTIATION

59. Beneficiary ( your company) : PT. .........................

47.A Aditional Conditions : THIRD PARTY DOCUMENTS : ALLOWED ( if your company has not export license)

     

Quoting from [budy]:

....




Dear Sir,
A Proforma invoice is an invoice provided by a supplier in advance of providing the goods or service.

In foreign trade transactions, a pro forma (or proforma)  is a document that states a commitment from the seller to sell goods to the buyer at specified prices and terms.  It is used to declare the value of the trade. It specify what is goods, amount, packing, delivery time, payment method, shipper,seller and buyer's specifications and incoterms (please note to what kind incoterms you want to sell , it specify costs and risks).

It be issued and signed by seller.

Contract is same proforma but signed by buyer too.

here is a sample proforma:

B/L, Bill of Lading

A bill of lading (also referred to as a BOL or B/L) is a document issued by a carrier, e.g. a ship's master or by a company's shipping department, acknowledging that specified goods have been received on board as cargo for conveyance to a named place for delivery to the consignee who is usually identified. A through bill of lading involves the use of at least two different modes of transport from road, rail, air, and sea. The term derives from the noun "bill", a schedule of costs for services supplied or to be supplied, and from the verb "to lade" which means to load a cargo onto a ship or other form of transport.


here is sample b/l: (it be issuing  by shipper):




you may read about numbers:

http://www.unzco.com/basicguide/figure3.html


in last I suggest you use irrevocable L/C at sigth to negotiate your commodity.

Quoting from [budy]:




Hi, guys... i need some expert to answer my question.

Before i ask some questions, i need to introduce myself.


My name is Budy, i'm a supplier for frozen soft shell crab, now i got my first buyer from vietnam, and we all agree for prices, packing, payment, etc.


My buyer want to make payment with L/C, and this is my first time deal with it. and here is the email to me :

There are some things you must prepare and let me know to open L/C for you:

1. Name, address and banking details of the company which stands for you to export.

2. Proforma Invoice under that company's name for me to open L/C (Product name: FROZEN RAW MATERIALS OF WHOLE ROUND OF SOFT SHELL CRAB )

3. Contract with my company signed by the above mentioned company to open L/C.

Your attention is appreciated.

* In the L/C I'll indicate all needed docs. Contact me if you need more information.


Can anyone help me, please......

1. I know the first one, i have name. address, and banking detail.

the rest i dunno.

2. What is proforma invoice anyway, what is inside proforma invoice, can anyone give me more detail ?

3. The contract. who supposed to be make a contract ? A BUYER OR SELLER ? What is supposed to be inside the contract ?


I'm very gladly if someone help me. I need the EXPERT one to help me.


THANKS A MILLION

BUDY HARTONO