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Welcome to our info library

ICC (international chamber of commerce) is expected to issue updates on Incoterms for 2020. Such updates includes, Removal of incoterm- FAS, Addition of new term-CNI, Unfolding of older term FCA into to two such as Terrestrial and Maritime…

As part of the mandatory documentation for customs purpose, Most of the time, commercial invoice and packing list must receive special attention in addition to other documentations for the sake of smooth transaction. Below attachments will help you where and how o focus on validating suppliers invoices and packing list.

 

  

As it can be understood, there are lots of bill types that apply to the shipping industry all over the world. From these bill types, some them are used for the trucking companies such as truck waybills, some of  them are used for airline industry which are air waybills, the others are sued for the sea freight industry which are referred  as bills of lading and some for rail sector which are rail waybills. The commonality among all these is is that, all of them serve as the entitlement of the goods and transfer process or mechanism. However, when it comes to details of the applicability of the documents per each country rules and regulations or inter nationalities agreement, the implementation of the bills might get limitation in some places. 

Bellow attachment shows you the sample bill of lading for sea freight industry that you need to use. 


For customs valuation purpose, Most of the goods should be measured in standard unit of measurement which are compatible with Most customs authorities. This helps the authorities to determine the value of a product at its unitary level so that pricing and taxation will be easy. However, what will happen if a customer fails to prepare such a detailed and vivid information for the shipping and customs purpose? 

  • Customs officials will be obliged to sort and itemize goods physically, 
  • They will check all items one by by one to get the details information such as measurement of the items, quantity of the items, origin of the goods and many more which can be used to identify and decide the value of the cargo or goods. 
  • This will have some adverse effect on the client in question in many aspects.
      • It will create delay in clearance process
      • it will create damages, loss to the items
      • customer might get listed under high risk mostly if docs get inspected always and many more costs which might get associated with it. 
  • What are unit of measurements

Unit of measurements are metrics which are used to identify the content of an item so that it can have a unitary price which will help seller or customer or customs authority to determine a value to it.

Is it your first time in Ethiopia to Import/Export?

Then, below points will help you to align your resource as per the rules and regulations in the count

Any business company intending to establish a business in Ethiopia should have a legally registered license from concerned authority. Authorities that grant such might change time to time as it is handled depending on government’s management at current conditions. 

Most of the license use of three helps. 

  • Import
  • Export and
  • Trade

These licenses might get listed in hundreds of categories depending on the company or person is going to enroll ! 

Any business company intending to establish a business in Ethiopia should have a legally registered license from concerned authority. Authorities that grant such might change time to time as it is handled depending on government’s management at current conditions. 

Most of the license use of three helps. 

  • Import
  • Export and
  • Trade

These licenses might get listed in hundreds of categories depending on the company or person is going to enroll !