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A Bank Draft is a payment instrument issued by an issuing bank on behalf of a payer, guaranteeing payment to the payee. Drawn from the bank’s own funds, it provides security that the draft will be honored upon presentation. Commonly used in international trade transactions, it is also known as a demand draft, banker’s draft, bank check, or teller’s check.
A Bill of Lading (B/L) is a legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being shipped. It serves as a receipt for the shipment, a contract between the carrier and shipper, and a document of title, allowing the
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A Bill of Materials (BOM) is a comprehensive list of raw materials, components, and assemblies required to manufacture a product. It includes quantities, part numbers, and descriptions of each item needed for production. The BOM is essential for production planning, inventory management, and cost estimation, ensuring that all necessary materials
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A Certificate of Export is a document issued solely by EIC (Export Inspection Council), verifying that goods have been exported from a country. This certificate confirms that the specified goods have left the country of origin and are in compliance with all export regulations. It is often required for claiming
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A Certificate of Inspection is a document issued by an independent inspection agency, certifying that the goods have been examined and meet the specified quality, quantity, and condition requirements. This certificate provides assurance to buyers that the goods conform to the agreed-upon standards and are fit for shipment. It is
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A Certificate of Insurance is a document provided by an insurance company, confirming that insurance coverage has been secured for the shipment of goods. While it is not mandatory to obtain a certificate of insurance, this provides financial protection against potential losses or damages during transit. An exporter can obtain
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A Certificate of Measurement is a document that specifies the dimensions, weight, and volume of cargo. Issued by an authorized surveyor or measurement company, this certificate is used to verify that the shipment meets the required specifications and is essential for freight calculation, customs clearance, and logistical planning. Accurate measurement
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