Tools for international trade
BEMAR, international logistics operator
Depending on the trust between the parties, the commercial risk and that of the country from which the payment will be issued, one or another means of payment can be agreed upon.
The risk limitation in case the goods do not comply with the agreed conditions or do not arrive at their destination at the agreed time can be avoided by documentary payment.
Simple means of payment
Clean and documentary payment orders.
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 the buyer’s bank will only make the payment once the obligations imposed by the documentary credit conditions have been met.
In importation, the customs receives and dispatches the goods according to the documentation presented by the customs representative together with the single administrative document (SAD) and collects the corresponding duties, taxes and fees.
Depending on the type of merchandise, a specific quasi-customs service may be required prior to the import clearance.
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 distinguished:
BEMAR will advise you on your imports regarding:
Together with the single administrative document (SAD), depending on the operation and the nature of the imported goods, the most common documents that must be presented for customs clearance are:
Exceptionally, photographs, physical inspection, catalogues, sector-specific certifications, etc. may be required.
According to the Incoterms rule agreed in the international contract of sales, the importing party should evaluate taking out an insurance policy that covers the risks concerning the transportation of the merchandise from the premises of the selling company to the point of final destination.
This insurance will cover the risks of stowage, handling, storage, loading or transporting the goods and even others such as riots, strikes or acts of piracy.
Transportation insurance is different from the carrier’s liability insurance where compensation is limited by the weight and value of the merchandise. In the transportation 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 offering the greatest coverage.