international trade

Image credit importingmadeasy.com ZIMSEC O Level Commerce Notes: International trade:Export and Import merchants

Export merchants

• Perform the functions of traders (i.e. wholesalers or retailers).
• Buy goods from local manufacturers.
• Sell these goods abroad.
• Buy and sell goods in their own names.
• Sell goods at a profit.
• Pay cash immediately for goods bought.
• Reduce manufactures’ problems by exporting […]
  

An import licence. govt.nz ZIMSEC O Level Commerce Notes: Other documents in international trade

Import licence

• An approval of goods to enter a country.
• Issued by the importing country.
• Enables the importer to obtain foreign currency to pay for the imports.

Customs specification and entry

• Exporting country requires customs specifications.
• Importing country requires […]
  

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 […]
  

Image credit DHL. ZIMSEC O Level Commerce Notes: Export Invoice

Export invoices

• Prepared from various invoices for goods purchased and expenses incurred (on transportation and warehousing of goods)
• Summarises the goods bought and expenses incurred.
• Copies of the original invoices received from suppliers of goods and services are attached to the […]
  

Image credit jaicourtney.net ZIMSEC O Level Commerce Notes: Consular invoice

Consular invoice

• Assist customs officials to calculate customs duty where duty is charged on the value of imported goods.
• Signed by a consul of the importing country certifying and confirming that the prices of the goods are correct:
• prices of the […]