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    Home » During the Preparation of Export Documents for Buyer, Don’t Repeat These Mistakes
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    During the Preparation of Export Documents for Buyer, Don’t Repeat These Mistakes

    August 2, 2021Updated:August 2, 20213 Mins Read
    Don't Repeat These Mistakes During Preparing the Export Document for Buyer
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    During the Preparation of Export Documents for Buyer, Don’t Repeat These Mistakes

    Here today’s post, I’m going to show you 4 mistakes which usually new exporters do during the preparation of export document for buyer. which cause delays in export payment.

    We also share some awesome tips, how to prepare a Letter of Credit (L/C) Documents.

    During the Preparation of Export Documents for Buyer Do not Repeat These Mistakes

    If you are new in Export Business so this post is definitely for you, after reading this article, we will be in condition to Prepare L/C Documents without any mistake.

    Let’s get right into the content.

    Most Common Mistakes in Export Document

    Following are the mistakes usually new exporters did during the preparation of export document for buyer.

    • Mistake in B/L (Bill of Lading)
    • Provide Wrong Address to Banks for Dispatching Export Documents.
    • Use Wrong HS Code of Product
    • Forgot Any Documents Which is Required By Buyer

    Mistake in B/L (Bill of Lading)

    B/L is also known as Bill of Lading.

    B/L is included in one of the important shipping document, without it buyer can’t clear the shipment from Customs.

    BL is the also most common documents, where new exporter usually make mistakes during the preparation of export documents for buyer.

    Solution:

    As far as this mistake is concern, we can easily avoid mistakes in Bill of Lading (BL), simply providing B/L draft after carefully checking each and every thing i.e

    • Consignee Name,
    • Notify Party Name,
    • Total Quantity,
    • Total Net & Gross Weight,
    • HS Code of Product,
    • Product Description and
    • Form-E Number

    We can also do one thing to avoid error in B/L, Just share B/L draft/checking copy with your buyer for confirmation. In this way you can simply avoid mistakes in shipping documents.

    Provide Wrong Address to Banks for Dispatching Export Documents

    This is also a big problem for a new exporter, they unintentionally provide buyer’s address to their banks for dispatching export documents in spite of buyer’s bank address.

    Solution:

    Exporter can find Buyer’s bank address in Contract or in L/C, or asking this information directly from buyer.

    What will you ask from buyer about Bank:

    • Bank’s Name
    • Complete Address
    • Postal Code

    Use Wrong HS Code of Product

    HS Code refers to the Harmonized System. It is an international standardized system of name and numbers to classify import or export products.

    How to find HS Code for Export or Import Products?

    Forgot Any Documents Which is Required By Buyer

    If you forgot any documents which is required by buyer so this problem also delay your payment.

    Solution:
    Make a check list according to required documents by buyer and check documents according to list.

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    Editorial Staff

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      PSL 10 Likely to Be Postponed Due to Rising Pakistan-India Tensions

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