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INTERNATIONAL BUSINESS 273 borne by the importer. After payment After payment of the import duty, of dock charges, the importer is given the bill of entry has to be presented to back one copy of the application as a thedocksuperintendent.Thesamehas receipt. This receipt is known as ‘port to be marked by the superintendent trust dues receipt’. and an examiner will be asked to The importer then fills in a form ‘bill of entry’ for assessment of customs physicallyexaminethegoodsimported. import duty. One appraiser examines The examiner gives his report on the bill of entry. The importer or his agent the document carefully and gives the examination order. The importer presents the bill of entry to the port procures the said document prepared authority. After receiving necessary charges, the port authority issues the by the appraiser and pays the duty, if any. release order. Major Documents used in an Import Transaction Trade enquiry: A trade enquiry is a written request by an importing firm to the exporter for supply of information regarding the price and various terms and conditions on which the latter exports goods. Proforma invoice: A proforma invoice is a document that contains details as to the quality, grade, design, size, weight and price of the export product, and the terms and conditions on which their export will take place. Import order or indent: It is a document in which the buyer (importer) orders for supply of requisite goods to the supplier (exporter). The order or indent contains the information such as quantity and quality of goods to be imported, price to be charged, method of forwarding the goods, nature of packing, mode of payment, etc. Letter of credit: It is document that contains a guarantee from the importer bank to the exporter’s bank that it is undertaking to honour the payment up to a certain amount of the bills issued by the exporter for exports of the goods to the importer. Shipment advice: The shipment advice is a document that the exporter sends to the importer informing him that the shipment of goods has been made. Shipment of advice contains invoice number, bill of lading/airways bill number and date, name of the vessel with date, the port of export, description of goods and quantity, and the date of sailing of the vessel. Bill of lading: It is a document prepared and signed by the master of the ship acknowledging the receipt of goods on board. It contains terms and conditions on which the goods are to be taken to the port of destination. Airway Bill: Like a bill of lading, an airway bill is a document wherein an airline/ shipping company gives its official receipt of the goods on board its aircraft and at the same time gives an undertaking to carry them to the port of destination. It is also a document of title to the goods and as such is freely transferable by the endorsement and delivery. Reprint 2026-27