This territorial-based approach simplifies and streamlines the determination of a contract's international nature, allowing for a concise definition: "A contract signed between parties w
THEORETICAL FRAMEWORK OF INTERNATIONAL GOODS
Overview of international goods sales confracf che 2 1.2 Overview of vietnamˆs exportafion sifuafion nhe 6
1.1.1 Concept of international goods sales contract
International goods sales contracts have evolved through several key international conventions, notably the 1974 New York Convention, the 1980 Vienna Convention, the 1986 Hague Convention, and the 1983 Geneva Convention.
The 1988 Ottawa Conventions establish a unified criterion for identifying the international nature of commercial contracts, emphasizing the location of the parties' commercial headquarters An international commercial contract is defined as one executed between parties whose headquarters are in different countries, provided those countries are signatories to the convention or their laws are applied under private international law principles This territorial-based approach simplifies the process of determining a contract's international status, leading to a clear definition: "A contract signed between parties whose commercial headquarters are located in the territories of different countries."
According to Circular 39/2015/TT-BTC issued by the Vietnamese Ministry of Finance on March 25, 2015, a goods sales contract is a written agreement or its equivalent, such as telegrams, telexes, faxes, or data messages, that formalizes the sale of goods The seller is responsible for delivering the goods, transferring ownership to the buyer, and receiving payment, while the buyer must pay the seller, accept the goods and ownership The transfer of goods occurs through Vietnamese customs or borders, whether from a free trade zone to the domestic market or vice versa The seller may be a goods seller or a service provider.
1.1.2 Foreign Trade Contract Execution Process
The execution of a contract involves multiple stages to guarantee its proper implementation Although the specific steps may differ based on the type of goods, the countries involved, and the contract terms, the overall process is typically categorized into two main phases: export contract execution and import contract execution.
Order Confirmation: Once a buyer places an order, the exporter confirms the order, ensuring that all details, including quantity, price, delivery terms, and payment conditions, are accurately specified
The exporter begins the production process by following the established quality standards, ensuring that quality control measures are in place throughout to meet the buyer's specifications.
Packaging and Labeling: The goods are packaged and labeled according to the contract's requirements and any applicable export regulations
Customs clearance involves the exporter securing essential export licenses and permits from the appropriate authorities to comply with export control regulations Once these requirements are met, the goods are cleared for export through customs.
Goods are shipped to the designated destination using the specified transportation method, whether by sea, air, or land The exporter supplies the buyer with essential shipping documents, including the bill of lading, commercial invoice, and certificate of origin.
Payment: The exporter receives payment from the buyer according to the agreed- upon terms, which may involve a letter of credit, bank transfer, or other payment methods
1 Import Authorization: The importer obtains the necessary import licenses or permits from the relevant authorities, ensuring compliance with import regulations
Customs Clearance: Upon arrival of the goods, the importer clears them through customs, providing the required documentation and paying any applic able import duties or taxes
Inspection: The importer may conduct a quality inspection of the goods to ensure they meet the contract's specifications and are free from defects
Payment: The importer makes the agreed-upon payment to the exporter, following the terms specified in the contract.
5 Receipt and Storage: The importer takes possession of the goods and stores them as necessary until they are needed for sale or further use
1.1.2.3 Key Points to Consider When Drafting a Contract
Determine the Legal St atus of the Contracting Parties
To ensure clarity in legal status and authority, businesses, organizations, and individuals involved in a contract must provide essential information This includes clearly defining their roles and responsibilities within the agreement.
For organizations and businesses, it is essential to provide accurate details such as the name, headquarters, establishment license, and the entity's representative This information must align with the Establishment Decision, Business Registration Certificate, or Investment License Parties should present and verify these documents prior to contract negotiations and signing to ensure proper authority.
Individuals must provide their full name, identification number, and permanent address, ensuring that this information aligns with the details on their identity card, passport, or residence registration Verification of these details is essential prior to signing the contract.
In an international goods sales contract, key terms are essential for clarity and minimizing disputes A crucial element is the identification of the parties involved, which requires clear definitions of the buyer and seller, including their legal names, addresses, and contact details This information is vital for establishing the legality of the relationship between the parties.
A precise description of the goods is crucial to eliminate ambiguity regarding the contract's subject This description should encompass details such as quantity, quality, specific characteristics, and any necessary packaging and labeling Additionally, specialized goods may require certifications or adherence to specific standards.
The contract must clearly outline the price, payment terms, and currency, specifying the acceptable payment methods such as wire transfers or letters of credit It should also detail the payment schedule, which may include advance or partial payments, and include penalties for late payments or defaults.
To ensure smooth payment processing, it is crucial to specify the terms of delivery, typically outlined through Incoterms These internationally recognized terms clarify the responsibilities of both the buyer and seller regarding the delivery of goods, including associated costs and risks For instance, under the FOB (Free On Board) term, the seller is responsible for delivering the merchandise onto a vessel for transport, while the CIF (Cost, Insurance, and Freight) term requires the seller to cover the costs and insurance for delivering the goods to the customer.
Delivery terms are closely linked to the transfer of risk in a transaction It is essential for the contract to clearly outline when the risk of loss or damage to the goods transfers from the seller to the buyer This clarity ensures fair dealings and helps both parties understand their responsibilities throughout the transaction process.
ANALYSIS AND EVALUATION OF THE INTERNATIONAL
INTERNATIONAL SALES CONTRACT BETWEEN TRUONG PHU
VINH ONE MEMBER CO., LIMITED AND PURESUN TRADING CO.,
2.1 Overview of the contract between Truong Phu Vinh One Member Co., Ltd and PureSun Trading Co., Ltd
Seller: Truong Phu Vinh One Member Co., Ltd
+ Address: 348D, Nguyen Dinh Chieu Street, Phu Hung Village, Ben Tre Province, Vietnam
+ Representative: Mr Truong Phu Vinh - Director
+ A/C No.: 117000197513 Industrial Commercial Bank of Vietnam, Ben Tre Branch
Buyer: PureSun Trading Co., Ltd
+ Address: 5F No 5-4, Alley 10, Lane 30, Tung An Road, Tainan Taiwan R.O.C + Representative: Mr Michael H.M Chiu - Manager
The contract between the parties is valid as both entities are legal entities authorized to engage in import-export business in Vietnam, in accordance with Article 6 of the 2005 Commercial Law and Decree 69/2018/ND-CP Each party possesses full legal capacity and is headquartered in different countries, confirming their lawful status.
The contract was signed on January 31, 2020 for the purpose of buying and selling the following goods: “Coconut Sap and Extract (Class A)’
According to Decree 69/2018/ND-CP, the goods in question are classified as freely importable and exportable, as they are not listed among prohibited or conditionally importable and exportable items Consequently, the subject matter of the contract is deemed lawful.
Date of contract signing: Jan, 31st 2020
The contract consists of 6 clauses
Article 1: Commodity, specification, quantity, price and amount
Article 4: Full set of documents required
The signing section includes the name of the representative of the seller (Mr Truong Phu Vinh - Director) and the signature of the buyer’s representative (Mr Michael H.M Chiu - Manager)
The contract is designed to encompass a variety of transactions rather than focusing on a single shipment, featuring the standard components of an international commodity sales contract, including an introduction, terms and conditions, and a signing section While it lacks some details, the contract remains legally valid and complies with the laws of both Vietnam and Taiwan The introduction section provides essential information such as the contract number and signing date The terms and conditions section outlines critical clauses, including technical specifications, financial conditions, transportation details, and required documents, while clearly defining the responsibilities of both the seller and buyer, as well as arbitration procedures for dispute resolution.
10 needs to be further clarified by adding clauses and details on product specification, quantity, delivery term, quality, force majeure, alterations, packaging requirements and product labeling
Regarding the signing section, there are already complete signatures of the legal representatives of both parties
2.2.1 Contract objects a Name of goods
Article 1 specifies the name of the commodity as "Coconut Sap and Extract (Class A)"
Comment: The name of the goods in the contract is clear and concise It accurately reflects the product being sold However, the contract could be further enhanced by:
Including a commercial name: This could be a brand name or a proprietary name given to the product
Specifying the origin of the product: This could be helpful for buyers who prefer products from specific regions
Providing a more detailed technical specification: While the dimensions are mentioned, additional technical details such as color, taste, or packaging could be included
Including the HS code for a product is essential for accurate customs clearance, helping to prevent delays and penalties It also offers a standardized method for product identification, ensuring clarity in international trade.
The pH for this product is: pH: 3.20
A pH level of 3.2 is not suitable for Coconut Sap and Extract (Class A), as it may compromise the product's quality and safety Research indicates that the ideal pH range for maintaining the natural characteristics and quality during delivery is between 4.5 and 7.
Specification for the goods is: 0.6 x 0.6 x 1.5
This specification does not explicitly meet or fail international standards; however, it is missing crucial details that could lead to confusion among contracting parties To improve the enforceability of the contract and clarify obligations and expectations, it is essential to include units of measurement and a detailed product description.
Article 1 specifies that: Quantity (kg): 64,800
For larger contracts, it is recommended to use metric tons (MT) for easier reference Additionally, including an allowance for minor quantity deviations can help accommodate potential variations during shipping or handling.
The unit price of goods includes the pricing currency (USD), the price itself, and the delivery terms For enhanced transparency, it is advisable to also specify the pricing unit, the applicable Incoterms version, and the port of delivery.
Amount = Quantity x USD/kg CFR
Say: U.S Dollars Thirty eight thousand eight hundred and eighty only
The total price of the goods should be clearly stated, and it is advisable to include an allowance that corresponds with the specified quantity to accommodate potential variations in quality conditions.
Article 1 states that: Quality is as the sample both sides agreed
The contract stipulates that the goods must adhere to agreed-upon quality standards; however, it lacks specific details regarding these requirements This ambiguity may lead to challenges in enforcing the contract in the event of a quality dispute To mitigate these issues, it is advisable to clearly define the quality criteria within the contract.
A comprehensive contract should incorporate a precise and detailed description of quality standards, rather than depending solely on a sample This can be achieved by citing industry standards, specifications, or other objective criteria to ensure clarity and consistency.
To guarantee that the delivered products adhere to the established quality standards, it is essential for the contract to mandate quality testing or inspection by an independent third party.
To enhance buyer protection, contracts should incorporate quality guarantees or warranties that outline the remedies available if the goods fail to meet the specified quality standards.
To minimize disputes and ensure that delivered goods meet buyer expectations, parties involved in an international sales of goods contract should implement clear and enforceable quality standards Proper packing is also essential in this process.
The article also states that the goods will be packed in: In plastic - box
Coconut sap and extract are commonly packaged in liquid form, making plastic boxes an ideal choice for their containment These boxes offer reliable leak-proof capabilities, secure sealing, and ease of stacking and transportation, making them particularly suitable for international shipping.
Article 2 specifies that Payment will be made: By L/C through Industrial Commercial Bank of Viet Nam
ANALYSIS, EVALUATION AND RECOMMENDATIONS TO
TO THE SET OF RELATED DOCUMENTS
3.1 Analysis of the set of required documents
Bill of Lading Number: YMLUI490380628
Carrier Name and Logo: YANGMING MARINE TRANSPORT CORP
Name: TRUONG PHU VINH ONE MEMBER CO., LTD
Address: 348D, NGUYEN DINH CHIEU ST, PHU HUNG VILLAGE, BENTRE PROVINCE VIETNAM
Name: PURESUN TRADING CO., LTD
Address: 5F, NO 5-4 ALLEY 10, LANE 30 TUNG AN ROAD, TAIWAN TAIWAN
5F, NO 5-4 ALLEY 10, LANE 30 TUNG AN ROAD, TAIWAN TAIWAN TEL: 886-6-2381588
Place of Receipt: CAT LAI PORT, VIET NAM
Port of loading: CAT LAI PORT, VIET NAM
Port of discharge: TAI CHUNG PORT, TAIWAN
Place of delivery: TAI CHUNG PORT, TAIWAN
Final destination: TA] CHUNG PORT, TAIWAN
Container Number/Seal Number: YMLU3502747/20DC LCL/FCL YMAF983957
Type of Packaging and Description of Goods: 120 DRUMS
Goods Description: COCONUT SAP AND EXTRACT (CLASS A) ORIGIN
The term "Shipper’s Load, Stowage and Count Drums" indicates that the shipper holds the responsibility for loading, counting, and sealing the cargo The shipping line is not liable for any problems related to the goods, including the presence of prohibited items or loss of cargo, provided that the container and seal remain intact The total quantity involved is 120 drums.
Commodity Classification Number (for chemicals): None
Total Number of Containers/Packages (in words): SAY ONE (1X20°HQ) CONTAINER ONLY
Freight and Charges Payable at: TAI CHUNG PORT, TAIWAN
Freight and Additional Charges: FREIGHT PREPAID
Place and Date of Bill of Lading Issuance: HO CHI MINH 18/02/2020
Stamp and Signature of the Shipping Company: YANGMINH MARINE TRANSPORT CORP
The bill of lading contains almost the essential main details required
The issued bill of lading serves as a sea waybill, obligating the carrier to transport goods from the port of departure to the port of destination, while excluding responsibility for any transportation beyond the port.
The bill of lading is nominative In the Consignee section, the recipient's name and address are specifically mentioned
This is a clean bill of lading, with no notes regarding defects of the goods
The bill of lading has been duly signed by the shipping company
Delivery terms are defined as CY-CY (Container Yard — Container Yard), indicating that the delivery occurs from the sender's container yard to the recipient's container yard The freight charges have been prepaid in accordance with the contractual agreement.
The information on the goods in the bill of lading matches the commercial invoice and the packing list
There is no provision regarding the number of original bills of lading held by the parties; this has been specified in the contract
The bill of lading has been amended three times
Seller information: o Seller: TRUONG PHU VINH ONE MEMBER CO., LTD o Address: 348D, Nguyen Dinh Chieu, Phu Hung Village, Ben Tre, Vietnam o Tel: 84-75-3892530
Buyer information: o Buyer: PURESUN TRADING CO., LTD o Address: 5F, NO 5-4 Alley 10, Lane 30 Tung An Road, Tarwan o Tel: 888-6-2381588
Product details: o Coconut sap and extract (Class A) o Quantity: 16200 kg o Price: 0.60 USD/kg o Cost: 9720 USD
Cont/Seal NO.: YMLU3502747/Y MAF983957
Port of discharge: Cat Lai port, Vietnam
Port of destination: Taichung port, Taiwan
The commercial invoice includes most of the mandatory required details
The commercial invoice did not specify the mode of transportation However, based on the information in the contract, it can be inferred that the shipping method was maritime
The delivery terms were not included in the commercial invoice This information is available in the contract
Banking information for receiving or transferring purpose is missing This information is available in the contract
The gross weight is not provided This information is available on the packing list
The details ofthe buyer, seller, and goods on the commercial invoice match those in the contract and the packing list
The invoice is fully stamped and signed by the seller
The invoice number matches the packing list
Seller information: o Seller: TRUONG PHU VINH ONE MEMBER CO., LTD o Address: 348D, Nguyen Dinh Chieu, Phu Hung Village, Ben Tre, Vietnam o Tel: 84-75-3892530
Buyer information: o Buyer: PURESUN TRADING CO., LTD o Address: 5F, NO 5-4 Alley 10, Lane 30 Tung An Road, Tarwan o Tel: 888-6-2381588
Product details: o Coconut sap and extract (Class A) o Number of casks: 120 drums o Total Net weight: 16200 kg o Total Gross weight: 19560 kg
Cont/Seal NO.: YMLU3502747/Y MAF983957
Port of discharge: Cat Lai port, Vietnam
Port of destination: Taichung port, Taiwan
A comprehensive packing list is essential, detailing the packing list number, shipping method, destination port, and pertinent information about the buyer and seller, along with a thorough description of the goods.
The packing list specifies the net and gross weight of the items, with most details aligning with the commercial invoice and contract information.
The packing list is signed and stamped by the seller
Exporter Name: TRUONG PHU VINH ONE MEMBER CO.,LTD
Address: 348D, NGUYEN DINH CHIEU ST, PHU HUNG VILLAGE, BENTRE PROVINCE VIETNAM
Consignee: PURESUN TRADING CO., LTD
Address: 5F, NO 5-4 ALLEY 10 LANE 30, TUNG AN ROAD, TAIWAN, TAIWAN ROC
From: Cat Lai Port, Viet Nam
Method of Transport: By sea (Vessel's name: AMALIA C 074B)
Port of Discharge: Taichung Port, Taiwan
This section allows the importing country to indicate whether preferential treatment under the ACFTA is granted (The boxes for "Preferential Treatment Given" or "Not Given" are left unchecked here.)
Marks and Numbers on Packages: N/M (No markings)
Description of Products) COCONUT SAP AND EXTRACT (CLASS A) ORIGIN OF VIETNAM
This section confirms that the exporter, TRUONG PHU VINH ONE MEMBER CO., LTD, declares that the goods meet the rules of origin for ACFTA and are exported to Vietnam
Signature and Date: Signed in BENTRE VIETNAM FEB 18th 2020
Certifying Body: This section certifies the accuracy of the exporter's declaration, and it is signed by the authorized certifying body in BENTRE VIETNAM FEB 18th, 2020
Form E: This indicates the specific form under the ASEAN-China Free Trade Agreement for preferential tariff treatment
LC Issue Date: FEB 18th, 2020
The Certificate of Origin (C/O) under the ASEAN-China Free Trade Agreement (ACFTA) is a crucial document that guarantees adherence to international trade standards between China and Vietnam, allowing Tatwan to gain indirect benefits from trade with Vietnam.
Clear Exporter and Consignee Information: The document provides detailed contact information for both parties, aiding in traceability
The transport route from Cat Lai, Vietnam to Tai Chung, Tatwan is clearly outlined, ensuring efficient logistics The shipment consists of 120 drums of coconut sap and extract, classified under HS Code 170211, which guarantees accurate tariff application and product classification.
Declaration and Certification: The exporter confirms that the goods meet ACFTA rules of origin, and certification by the Shenzhen authority adds credibility
Form E Compliance: The use of Form E ensures the goods qualify for preferential tariffs under ACFTA, facilitating smoother trade
3.2, Recommendations to the set of required documents
Overall, the documents set covered all major papers that are necessary for ensuring smooth transactions and compliance with regulations
There is an omission of the HS code in this Bill of Lading, which should be included to enhance the customs clearing process
There is a need to include the telephone number and email of the consignee in order to enhance communication and avoid unnecessary delays in the coordination process
Providing a specific estimated time of arrival is essential for clients to effectively plan for the receipt of goods, helping them avoid any additional costs.
When addressing cargo insurance, it is essential to clearly specify the terms to ensure the protection of both parties' rights and interests Additionally, this section of the Bill of Lading (B/L) must include the signatures and official stamps of the relevant parties, confirming the legal validity of the document and ensuring that all associated aspects are properly authenticated.
The commercial invoice must specify the mode of transportation; for maritime transport, it is essential to clearly outline the delivery method of the goods to the buyer.
The sellers banking details for the payment such as the account number and the bank may be included for easy payment
Understanding payment terms outlined in the letter of credit, including payment at sight, due dates, and accepted payment methods, is essential for both parties to grasp the financial agreement clearly.
Relevant tax information that may apply to the transaction can also assist both parties follow this transaction
The delivery terms were not included in the commercial invoice This information can help clarify the responsibilities of both parties regarding shipping and costs
The packing list contains essential information, including the packing list number, shipping method, destination port, and details about the buyer and seller, along with a comprehensive description of the goods.
Coconut sap is sensitive to storage and transportation conditions, as well as the type of preservative used To ensure proper handling, it is essential to include clear instructions on the packing list regarding the product's sensitivity Additionally, a Certificate of Origin should be provided.
The C/O document is nearly complete but requires additional details such as specifying preferential treatment, certifying authority, and origin criterion to ensure it meets all requirements
The final destination should be explicitly stated as “Country of Destination: Taiwan, ROC” to clarify that the goods are being exported to Taiwan
When discussing regulatory and classification requirements for goods, it is essential to include specific details, particularly concerning the safety of food products Additionally, ensure that the photocopy of the Certificate of Origin (C/O) includes the official stamp and signature of the certifying authority.
To comply with the ACFTA Rules of Origin provisions, it is essential to specify the origin criterion, such as stating that "goods which are wholly obtained or produced in Vietnam" qualify, or indicating the maximum percentage of local content allowed.
CONTRACT IMPLEMENTATION PROCESS
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The seller and buyer have agreed to utilize a Letter of Credit (L/C) for payment An L/C is a formal document issued by a bank at the buyer's request, serving as a legally binding commitment to pay the seller a specified amount upon the presentation of required documents that meet the L/C's terms and conditions The process for transferring the L/C involves specific steps to ensure compliance and secure payment.
1 The Importer (Buyer) requests the Importer’s Bank to issue a Letter of Credit (L/C) in favor of the Exporter (Seller)
2 The Issuing Bank establishes the L/C and notifies the Exporter through the Advising Bank (Vietinbank - Vietnam Joint Stock Commercial Bank for Industry and Trade) at the place of export
3 The Advising Bank notifies the Exporter of the L/C terms and conditions, verifies their alignment with the contract, and requests confirmation The original L/C is then forwarded to the Exporter
4 The Exporter accepts the L/C and proceeds with shipment
5 Upon shipment, the Seller prepares the required documents as per the L/C and presents them to the Advising Bank for onward transmission to the Issuing Bank, requesting payment
6 The Issuing Bank examines the documents for validity If found in order, the Issuing Bank makes payment to the Exporter
7 The Issuing Bank then requests the Importer to settle the payment and transfers the original documents to the Exporter upon confirmation or payment
8 The Importer verifies the documents and makes the payment
4.2 Goods preparation and booking shipping space
Goods pre-shipment preparation process:
Consolidation of goods into export lots
Packaging and labeling of export goods
Marking and numbering of export goods
Completion of all necessary documents, records, and certificates for the goods
Before a vessel arrives, it is essential to inspect, analyze, and assess goods to ensure their suitability for export or import Customs clearance is granted only after confirming that the goods meet eligibility criteria based on the results of these evaluations.
After thorough preparation, including documentation and packaging, the freight forwarder takes charge of the logistics for shipping goods This includes securing space with carriers—whether by air, sea, or land—coordinating transportation, managing customs paperwork, and ensuring that the shipment departs and arrives on schedule.
There are no international regulations that dictate the use of FCL (Full Container Load) or LCL (Less than Container Load) based solely on the type of goods Therefore, opting for an FCL container is often the most efficient and cost-effective choice This is particularly true for shipping coconut sap and extract, where FCL is preferred for several compelling reasons.
Coconut sap and extract are highly susceptible to contamination, making hygiene crucial for these food products Utilizing FCL eliminates the need to share containers with other items, significantly lowering the risk of contamination.
For large shipments, choosing Full Container Load (FCL) is more efficient With a total weight of 64,800 kilograms of coconut sap and extract, this amount generally surpasses the limits of Less than Container Load (LCL) shipments, which are designed for smaller quantities.
Perishable goods, such as coconut sap and extract, necessitate stable storage conditions to maintain quality FCL provides enhanced control over temperature and handling, allowing for the entire container to be customized to meet specific temperature and humidity requirements.
Using LCL (Less than Container Load) shipping can increase the risk of product damage due to rough handling or interference from other goods In contrast, FCL (Full Container Load) shipping ensures that your items are the sole cargo, significantly minimizing the chances of damage from neighboring shipments.
Cost Efficiency for Large Volumes
When a shipment occupies a substantial part of a container, Full Container Load (FCL) shipping proves to be more economical than Less than Container Load (LCL) shipping This is because the cost per unit decreases with FCL, as opposed to LCL, where you share container space and incur shared shipping expenses Additionally, FCL offers faster handling and shipping times.
In FCL, the goods are loaded at once, shipped directly, and unloaded at the destination, reducing delays in handling compared to LCL, where consolidation and deconsolidation processes take time
In contracts between Vietnamese exporters and Taiwanese importers, the term "partial shipment allowed" generally indicates that the exporter is responsible for booking shipping space, although the exact responsibilities may differ based on the specific terms agreed upon by both parties.
Under the Incoterms 2020 rules, the seller is primarily responsible for organizing transportation from their business location to the designated destination This responsibility encompasses booking shipping space and overseeing the entire transportation process Additionally, the exporter must prepare essential shipping documents, including bills of lading and commercial invoices, for each partial shipment.
In international trade, "partial shipment allowed" means the seller can send goods in multiple shipments instead of one complete delivery This flexibility benefits both buyers and sellers by enabling more efficient logistics and potentially lowering costs.
Permitting partial shipments offers buyers greater flexibility in inventory management and cash flow Nonetheless, this approach requires buyers to secure insurance for each partial shipment, which may lead to increased costs.
32 insurance costs The buyer should ensure that their insurance coverage is adequate to protect against potential losses or damages for each partial shipment
In the meantime, in the Custom Declaration for Export, there was an insurance amount for each HS code indicating that the seller provided insurance for the buyer
Imported and exported goods must adhere to specific customs clearance standards that ensure the quality, specifications, quantity, and volume of the products These standards are established under Law No 54/2014/QH13 on Customs, along with various implementing decrees and guiding circulars.
Companies engaged in the import or export of goods are required to submit a comprehensive dossier of documents to customs authorities, which must include the business registration certificate and the import/export business code registration certificate.
Exported goods need the following:
Electronic Export Customs Declaration (E-Form HQ/2015/XK)
There are 3 essential steps in custom declaration for export: