It is used before concluding the transaction

Lesson 10

1

1. 
   The basic documents are a commercial invoice, transport documents and an insurance policy. Without these documents no transaction can take place and every exporter has to present them to a foreign importer.
   
2. 
   It specifies in detail all characteristics of goods to be sold, to prove that they are exactly up to the contract or previous requirements of the importer. That is why apart from the detailed specification, an invoice presents also exact data on the price and joint value of goods in question, terms of their delivery, details on their packing, marking etc.
   

3. 
   The invoice is usually accompanied by a packing list to identify all items included.
   

4. 
   A correctly completed commercial invoice should confirm to the sales contract. The commercial invoice can serve as a checklist so that a particular consignment Can be identified. It can also be used as the main evidence in any assessment for customs duty.
   

5. 
   The invoice leading to the financial settlement of the transaction is called a final invoice, while a provisional invoice means that only part of the payment is effected (as stated by the contract).
   

6. 
   it is used before concluding the transaction
   

7. 
   It does not authorize the seller to any financial claims towards the buyer.
   

8. 
   A consular invoice is an extremely detailed version of a commercial one mostly used for customs clearance in the importing countries as well as for statistical purposes.
   

9. 
   The Bill of Lading (in sea transport), the Bill of Freight or Railroad Bill of Lading (in rail transport), the International Consignment Note (in car transportation) and the Air Way Bill (for air transport) are the major transportation documents.
   

2.