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A legalized invoice is a commercial invoice that has been authenticated by the embassy or consulate of the importing country. This process verifies the authenticity of the document and its contents, ensuring compliance with the importing country’s regulations. Legalized invoices are often required for customs clearance and to qualify for import tax benefits or preferential trade agreements.
A letter of credit is a financial document issued by an importer’s foreign bank guaranteeing a seller's payment from the buyer. It assures the seller that payment will be made once the terms of the letter are fulfilled, typically upon presentation of specified documents. Letters of credit
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A license exception is a regulatory provision that allows the export or re-export of certain items without the need for an individual export license. These exceptions are granted under specific conditions outlined by export control regulations, facilitating trade while ensuring compliance with national security and foreign policy objectives, thus simplifying
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A Manifest is a detailed list of a vessel's cargo, passengers, and crew. It is used by customs and port authorities for inspection and clearance purposes, ensuring that all goods and persons on board are accounted for and comply with regulations. Manifests facilitate efficient and legal international trade
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Marine insurance is a type of insurance specifically designed to cover the loss or damage of ships, cargo, and other movable property during sea transport. It includes various types of coverage, such as hull insurance for the vessel and cargo insurance for the goods being transported. Marine insurance provides financial
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The Market Access Initiative (MAI) is a scheme by the Government of India aimed at enhancing export opportunities by providing financial assistance to exporters. This assistance is used for market research, product development, promotional activities, and trade delegation participation, helping Indian exporters gain better access to global markets and improve
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A Master Document is a comprehensive, authoritative document that consolidates and organizes all necessary information and documentation related to a particular process, project, or transaction. In international trade, a master document may include contracts, invoices, certificates, and other critical documents. It serves as a reference point, ensuring consistency and completeness
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