In every International Trade transaction certain questions must be answered :-
--- Who will arrange and pay for the carriage of the goods from one point to another?
--- Who will bear the risk if these operations can not carried out ?
--- Who will bear the risk of loss or damage to the goods in transit ?
All of these questions are concerned with actually getting the goods from the sellers to the buyer . It is possible to imagine any number of ways of dividing up the costs , risk and between the two parties . That is exactly what trade terms do . They are shorthand expressions that set out the rights and obligations of each party when it comes to transporting the goods .
In order to truly useful , trade terms should have universal application and should make explicit the obligation of both parties . This is the aim of Incoterms .
Documents play an important part in trade transaction . The seller's obligation to obtain various documents and deliver them to the buyer is stipulated under each Incoterms .
The documents exhibited here only constitute examples of some documents frequently used in practice , more variants exist .
International Transport Documents :-
Sea Transport :
Bill of Lading
Ocean or Sea way-bill
Data Freight Receipt
Air Transport :-
Road Transport :-
Railway Transport :-
Multimodal Transport :-
FIATA Combined Transport Bill of Lading ( FBL )
Warehousing and Storage Documents :-
Insurance Documents :-
Customs Documents :-
Certificate of Origin