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Video instructions and help with filling out and completing Consignee on bill of lading

Instructions and Help about Consignee on bill of lading

Hello in this lecture we will define consign II according to fundamental accounting principles while 22nd edition that the definition of consignee is receiver of goods owned by another who holds them for purposes of selling them for the owner couple things that can be confusing about this term one has to do with inventory in terms of who owns the inventory and who is holding the inventory the other has to do with which side of the consignment transaction we are on are we the person that is giving the inventory or are we the person that is receiving the inventory let's take a look at an example where we have a farmer this farmer makes wine so we have wine we're gonna say that the former in this case is the consign or meaning the farmer owns the wine however the farmer is going to give the wine in this case to a restaurant so the restaurant is holding on to the wine it looks kind of like it's the restaurant that consignees inventory however it's not owned by the restaurant it's actually still owned by the owner even though it is now at the restaurant in location why would this happen because the restaurant then would be selling that wine to the end-user the restaurant has the ability to display the wine maybe to have the wine tasting so that the end-user can purchase the wine however when that purchase happens most of the revenue is going to go back to the owner rather than to the consign II and of course there would be some kind of negotiation for compensation between the owner and the consign II so this could be something that would be the case for wine such as this or if there are paintings artists in the area it could be that the display areas that are displaying the art might be somewhere like in a restaurant or some type of area that can be displayed where people can see the art but the owner of the art is going to be the consign or the owner is going to be separate from where the location is that is in where the art can be purchased Music Music Music.

FAQ

How do I export medicine from India to other Arab and Asian countries? What is the procedure?
To export medicine from India you need following criteria:Drug license of manufacturing or wholesaleImport Export CodeCurrent account in a bank to receive foreign paymentTo export to Arab countries you need following requirements:If it is in GCC (Qatar, Bahrain, Saudi Arabia, Kuwait, UAE & Oman) you need GCC approval in which the manufacturing facility must be inspected and approved by Saudi FDA. Once you get the approval then you can go to any of the country listed above by simple registration process.For other Arab countries the process is as follows:Yemen: You need atleast TGA, EU GMP, GCC, US FDA or Japanese FDA to get the approval.Syria: You need atleast TGA, EU GMP, US FDA or Japanese FDA to get the approval.Iran: You need atleast TGA, EU GMP, US FDA or Japanese FDA to get the approval.Iraq: It is simple process but require investment and at present market is good because most of the facilities are not operational. It is hard to get local client.Lebanon: You need atleast TGA, EU GMP, US FDA or Japanese FDA to get the approval.For Asian countries following is the process:Bhutan: Simple registration no requirement of plant audit but it has only tender business.Myanmar: ACTD dossier requirement and product registration but no requirement of plant audit so far.Vietnam: ACTD dossier requirement and product registration but no requirement of plant audit so far. Loan Licensing doesn’t work and one company can register only one molecule. Now they accept PICs approved plants too.Cambodia: ACTD dossier requirement and product registration but no requirement of plant audit so far. However company registration is processed first.Philippines: ACTD dossier requirement, product registration and now require plant audit. Now they accept PICs approved plants too.Thailand: ACTD dossier requirement, product registration and require plant audit. Now they accept PICs approved plants too.Indonesia: ACTD dossier requirement, product registration and require plant audit. Now they accept PICs approved plants too.I guess I have covered most. Please inform if you need more details.
I am planning to start an export business of organic chemicals in Mumbai want to know what kind of licences we need to aquire, procedure, eligibility?
Globalization has displayed immense open doors for organizations for the general population who have entrepreneurial aptitudes. The fare import business can be very lucrative on the off chance that it is done in the correct way.There are multiple ways to deal with such a complex business. The fastest way would be to go for a well known b2b portal that can pryou all your basic necessity to get going int he business such as buyers, sellers, lead generation, logistics, etc. If you are new i would recommend you to go for any one of these portals listed below:alibaba.com (Offers quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from award-winning International Trade Site.)eWorldTrade (Global B2B Marketplace for Worldwide Manufacturers and Suppliers that offers upto 10 free business leads to all new signups)Manufacturers & Suppliers Directory (Complete b2b solution for small businesses)Nonetheless, there are sure real obstacles in the way of the potential business visionaries, for example,The complexities of fare import business.The plenty of standards and directions that are forced for well being of the customers.The defensive remain of a few governments for their nearby enterprises.Formality boundaries.Deferral in delivery because of deficiency of sufficient framework of products.Custom leewayTraditions valuationAbsence of straightforwardness in systems and tenets for beating bureaucratic issues.Because of the previously mentioned leaps in send out import business it isn't amazing that numerous organizations are ignorant regarding where to begin. Along these lines, they simply surrender in sheer disappointment. Be that as it may, the keen business people who would prefer not to miss any chance of development contract an import-send out authority who can direct them through the many-sided issues.Here are some valuable rules that can help one securing a firm solid footing in the fare import industry:A strategy for success is an incredible path by which one can give an ability to read a compass to one's business. It is additionally a decent measuring stick to assess organization execution. Henceforth, one ought to compose a marketable strategy.The marketable strategy ought to be executed legitimately as well.A decent marketable strategy ought to accommodate unforeseen occasions and a sound answer for them. Possibilities ought to be influenced a basic part of a business to design.The fare import industry is directed with uncommon tenets that can influence players in this market. So looking at the directions and expense governs in one's nation is basic.The market ought to be seen well to sell successfully.With a specific end goal to abstain from missing a chance to offer it is fundamental to have accessible stocks where and when the client needs it. Distinguishing and keeping up great business relations with a store network helps in getting an opportune item conveyance.The items ought to be situated well so that there can be opportune conveyances.The web ought to be used in light of the fact that it is a snappy, dependable and the surest medium to achieve the clients. It is a financially savvy device for encouraging deals, input and conveyances.One ought to set up an appropriate client input component. The clients would choose those suppliers who react to their necessities.The organization execution ought to be checked frequently. The strategy for success ought to be utilized to Gage execution and help to achieve fundamental modifications or changes. This verifies one is destined for success.India obviously has their own way of dealing with all sorts of imports & exports. So, its better to either consult a lawyer within India or join a b2b portal that can help you in all sorts of documentation stuff.
What certifications are required if my company wants to export agricultural products to Europe & US markets?
The following mandatory documents are prescribed for exports and imports of goods from India:Bill of Lading/Airway BillCommercial Invoice cum Packing List (Separate Commercial Invoice and Packing List would also be accepted)Shipping Bill/Bill of ExportBill of Lading/Airway BillA bill of lading is a contract between the steamship company and the shipper. It is issued by the shipping company and a proof for shipper that the goods are received by the shipping company. The bill of lading confirms the port where the goods are to be delivered, how and amount of freight charges to be paid, name of consignee etc.It is of two types non-negotiable and negotiable. The shipper uses the first type, non-negotiable "straight bills," when consigning the shipment directly to the final buyer. Meanwhile, the shipper uses the second type, negotiable "order bills," when he does not want the shipment to directly reach to the buyer until certain conditions have been met. In this instance, the specified shipper must show the bill of lading before delivery of the order. The person/company on the destination must be notified beforehand about it.Most letters of credit call for "on board" bills of lading, which prproof to the buyer that the shipment has been placed on board the vessel.Bill of Lading/Airway BillThe airway bill is a non-negotiable document. It serves as a receipt for the shipper and issued by the airline or consolidator taking the order. The AWB serves as documentary evidence of the conclusion of the contract of carriage, freight bills, certificates of insurance, the customs declaration. It indicates that the carrier has accepted the listed goods and carries the responsibility to carry the consignment to the destination airport in accordance with the conditions listed on back of the original bill. The Airway Bill gives the information about the handling, dispatching and delivering of shipments.Commercial InvoiceA commercial invoice is a bill for the goods issued by the seller to the buyer. This invoice must include all the credentials like dates of billing and shipping, names of exporter or manufacturer, consignee, terms of sale, mode of payment, description of goods, country of origin, packing marks and numbers, numbers of units, price per unit, total price, transportation mode and any other information required by the country of destination. These invoices are often used by governments to determine the true value of goods when assessing customs duties.Packing ListPacking list is the details of all items in the box, crate, pallet, or container, including the type, dimensions, and weight of the container. Customs officials use this list to check cargo, while buyers use it for inventory merchandise received. A packing list gives information about the seller, buyer, shipper, invoice number, date of shipment, mode of transport, carrier, and itemizes quantity. A packing list may serve as conforming document but it is not a substitute for a commercial invoice.Shipping Bill / Bill of ExportFor goods moving out of country must be approved by customs by mandatory filing of a legal document called shipping bill. Shipping bill contains all required details about the goods to be exported. A shipping bill is issued by the shipping agent and represents some kind of certificate for all parties, included ship's owner, seller, buyer and some other parties. For each one represents a kind of certificate document. Its of four types and the major distinction lies with regard to the goods being subject to certain conditions which are:Export duty/cessFree of duty/cessEntitlement of duty drawbackEntitlement of credit of duty under DEPB SchemeRe-export of imported goodsWith the Shipping Bill the following documents also have to be filled:InvoicePacking List/Weight SpecificationsOrder & Confirmation, Copy of L.C. if anyExport License/Permit wherever necessaryQuality Control CertificateGR Form in duplicate duly filledDrawback Claim Application Form duly filledAR4/FormHope this will be helpful. Thanks
How do I get access to public bill of lading databases from Customs and Border Protection?
As stated in the previous answer, this information is not available to the general public.  Here is what CBP says:How can I get information about who is importing or exporting various commodities?Importer names on entry documents are confidential and U.S. Customs and Border Protection (CBP) does not disclose names of importers to the public. However, there are a number of private sector media services that are permitted by the privacy statute, 19 CFR 103.31 (d), to collect manifest data at every port of entry. Reporters collect and publish names of importers from vessel manifest data unless an importer/shipper requests confidentiality.Please be aware that there is a subscription charge for this information.Among the companies that prthis information service are the Journal of Commerce's PIERS database and Ealing Market Data Engineering Co.
How can I find buyers for agriculture products to export from India?
First question - what type of agricultural products are you planning on exporting?If you are exporting a commodity product (meat cuts, dairy, sugar, grain, palm oil, soy meal, soy protein, etc.) you are not going to have a choice in terms of buyers. You product the product and sell to a terminal/processor who pays you a price based on the daily commodity market minus their basis. You as an individual producer won’t have the size or scale to sell these commodities outside of your (any) country. Hence why these types of goods are considered commodities (think if you were producing oil, coal, etc.)If you are growing a speciality product such as a specific grade of soybeans for tofu, a speciality animal meat or dairy product, alpaca wool, etc., basically anything that is not a publicly traded commodity) then you would need to determine who and where your niche market is, customers, how to access them, and any government regulations (both in India in exporting it and in the destination country in importing it) for your specific product.If you are talking about some sort of processed agricultural product (e.g. your own type of strawberry jelly/jam, smoked and cured turkey bacon, frozen peas, leather belts, ground and packaged coffee, etc.) then it would pretty much be like any other retail product. You have to ask yourself:what is my market, who is going to buy my product and why are they going to pay me my price versus buying from a large scale producer?How will I get my product to my customer (sell direct, on-line sales, go through a distributor, in-country sales reps, etc.).What export from India and import regulations are there?Are there Free-Trade Agreements to certain countries that would make it more attractive (less duty and tax) to sell to than others?etc, etc, etc,
Do truck drivers needs to keep bills of lading? My wife was hit by one and the company is refusing to produce the bill of lading.
Yes and no. The bills of lading are required for 3 reasons:1) It details what you are carrying, how much it weighs as well as it’s origin and destination and if it is Hazmat material. This is important because if stopped by the state police or local authorities you are required to produce this information or face disciplinary actions2) You need this information to give to the customer that you are delivering it too. You will be refused if you don’t have it.3) You need the bill of lading to get paid. After you have delivered your loads for the day or the week (in most cases) you scan them and fax them to your company to get credit / paid for delivering the load.When I use to drive I’d be out all week and I would fax the paperwork each night after I made all of my pick ups and deliveries for the day and then I would keep the paperwork in a file for a few weeks to make sure I got paid and that there were no issues with the delivery.He should have been able to produce the paperwork. Your wife should’ve called the state police during the accident in order to get the necessary information. She may still want to contact them to see if they can offer any assistance in the matter.
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