Steps involved in Finance and International Commerce Transactions

Running head: FINANCE/ INTERNATIONAL COMMERCE
Finance/ International Commerce
Name of the Student:
Name of the University:
Authors Note:

FINANCE/ INTERNATIONAL COMMERCE
1
Table of Contents
Steps involved with Forwarding Agent:....................................................................................2
Steps involved with Financial Department:...............................................................................2
Steps involved with Customer:..................................................................................................3
Bibliography:..............................................................................................................................5

FINANCE/ INTERNATIONAL COMMERCE
2
Steps involved with Forwarding Agent:
There are several steps that need to be followed for the transaction with the
forwarding agent, as goods will be sold from the seller to the buyer. The seller needs to select
an adequate forwarding agent that can support the delivery from Spain to Roma.
Proces
s
Document Explanation
Step 1: Shipping Order
S/O
Making slot for the transfer of goods from Spain to Italia for
30,000 units of organic greige fabrics HTS Code
5512001219. The goods will be transferred to Zeta Italiana,
Roma – Italia.
Step 2: Insurance Policy
and Commercial
Invoice
The Reference Code:232 is relevantly used for detecting
freight cost and insurance CIP conditions, where total cost of
£1,800 will be incurred by the seller for completing the
shipping process.
Step 3: Dock Receipt D/R The goods will be transferred from storage of Paseo Pereda
to the forwarding agent warehouse, where it. will be shipped
to the appropriate address
Step 4: Bill of Lading and
Shipping
Guarantee
33 cases of organic greige fabrics, weighing about 15,200 in
gross and 15,000 in net. The delivery of the goods is mainly
paid by the seller as they follow CIP condition, while
conducting relevant delivery.