Image credit gotomyies.com

Image credit gotomyies.com

ZIMSEC O Level Commerce Notes: 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.

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