BEMAR, international logistics operator
Tools for international trade
Depending on the trust between the parties, the commercial risk and that of the country from which the payment will be issued, a means of payment with greater or lesser guarantees can be agreed upon.
The risk of default limitation can be avoided by advance payment, contracting an insurance policy or using a means of payment with bank guarantees.
Simple means of payment
Means of documentary payment
Documentary remittance. This is payment made upon presentation of a set of documents and can be at sight or deferred.
Documentary credit. This is the safest payment method because, if at the agreed time the buyer does not have the agreed amount, the importer’s bank will make the payment, provided the obligations imposed by the documentary credit conditions have been met.
In exportation, the customs dispatches the goods according to the documentation presented by the customs representative together with the SAD or single administrative document and collects the corresponding taxes and fees.
Bear in mind that among the countries of the European Union there is free movement of people and goods under a common customs regime.
The possible customs destinations of merchandise are:
In turn, the following customs regimes can be differentiated:
BEMAR will advise you on your exports regarding:
Together with the SAD, depending on the operation and the nature of the exported goods, the most common documents that must be presented for customs clearance are:
One should assess taking out an insurance policy that covers exportation risks or, at least, the transport of the merchandise to the buying company’s premises. For the former, one can consult Cesce’s export insurance offer.
To insure the merchandise during its transportation, the responsibility or benefit will fall to either the seller or the buyer to take out a contract, depending on the Incoterms rule agreed upon.
This insurance will cover risks of stowage, handling, storage, loading and transport of merchandise and even others such as riots, strikes and acts of piracy.
Transport insurance is different from the carrier’s liability insurance where compensation is limited by the weight and value of the merchandise. In the transport insurance contract the holder decides the risks covered, compensation and damages.
In general, the risks are covered by policies that include the Institute Cargo Clauses (ICC) of the Insurance Institute of London. They take on three types: A, B and C, with A being the one that offers the greatest coverage.