Indent document

Indent

• An order to buy goods abroad.
• Sent by an importer (principal) to an agent overseas.
• Gives details of:
• types, quantities and prices of goods required.
• How the goods are to be forwarded.
• Marking or numbers on crates for identification.
• Cost of insurance.
• How goods are to be packaged.
• Place and address to which goods are to be delivered.
• Terms of payment.
• Can be an open indent where:
• the indent does not state the source from which the goods are to be obtained.
• The agent must obtain quotations from several suppliers or manufacturers .
• The agent must inform the principal about the orders placed on his behalf.
• Or it can be a closed indent where:
• it specifies the types ( and brands) of goods required and the manufacturers from whom the agent must buy the goods.

To access more topics go to the Commerce Notes page.