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Show MU The National Enterprise, August 31. 1977 Page Doing Business Abroad James Take a friend to lunch. by In my last column 1 dis- cussed the first of two general categories of documents necessary in exporting ship1 will discuss Here. ping. briefly those more . common collection documents. A commercial invoice is a 322-194- statement of the transaction between seller and buyer. Particulars as to the product weight, price, address of shipper and consignee, port of exportation, date, name of carrier, terms of sale and insurance provisions must be shown. Various countries have different requiremay but is the general this ments, format. A destination control 2 VISA are here Call us if you need a Real Estate Loan James R. Cahoon President statement must be shown, the following one being used genUnited States Law erally: Prohibits Disposition of These Commodities to Southern Rhodesia. North Korea, Communist-Controlled Areas of Viet Nam or Cuba. Other statements may be used and such information obtained from the U.S. Dept, of Commerce. Of course, as trade relations change with these countries, these controlled statements can also change. Therefore, it is important that you check with the U.S.D.C. before using the preceding statement. A certificate of origin notorized or countersigned by the local chamber of commerce is often required. Some countries may also require by the resident visaing consul. The number of copies required varies with the country. Generally, the signature on the invoices must be original or a rubber stamped facsimile. Photocopies are normally accepted, provided they have been individually signed as stated above. Commercial invoices may be typed on the sellers own letterhead. Although the commercial invoice may include a statement of origin, some countries -- residential or commercial. Nick Nicholson Vice President We will take a loan application any day of the week - 7 days a week. JeriMaosen Glenn Woodward Loan Officer Office Mgr. Friendly - Courteous We are here to serve. W-- Kay Dean Chytraus Loan Officer Don Quigley Loan Officer The Lombard Mortgage Company 1137 East 2100 South Salt Lake City, Utah 84106 7 Telephone (801) 486-483- E. Ferguson Director of Marketing. Salt Lake International Center Collection Documents 510 SO. STATE twenty-thre- e require a separate certificate of origin countersigned by the chamber of commerce and legalized by the countrys consulate. Such statements may apply only to specific products. A special form issued by the consignees country may be required, or more often a statement on the shippers letterhead is acceptable. The reason for such certificates is generally for determination of whether goods should receive most favored nation treatment in regard to import duties. Consular invoices prepared in the language of the country of destination may be required. This document is usually prepared by the forwarder and visaed by the consignees consulate at the port of exportation. The purpose of this document is to clear shipment through customs in the buyer's country. For this reason, it should be accurately prepared, lest any errors result in fines to the importer and thus to the seller. Consular invoices are prepared on forms sold by the consulate of the country in question and call for information similar to that provided on the commercial invoice. Very few countries still require this particular documentation. As in domestic shipments, there are two general types of bills of lading straight and to order. The straight bill of lading is not negotiable. It is merely acknowledgement by the car- Continued on page 24 |