The Other Terms and Modes of Transportation
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Transcript of The Other Terms and Modes of Transportation
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The other terms and modes of transportation
Any Mode of Transportation Sea and Inland Waterway Transportation
EXW: Ex WorksFCA: Free CarrierCPT: Carriage Paid ToCIP: Carriage and Insurance PaidDAT: Delivered At TerminalDAP: Delivered At PlaceDDP: Delivered Duty Paid
FAS: Free Alongside ShipFOB: Free On BoardCFR: Cost and FreightCIF: Cost, Insurance, and Freight
PREPARING EXPORT DOCUMENTATIONSa) Declaration Documents
Form Type Description
Export Declaration K2A standardised export document for the exporter wishing to ship goods abroad
containing compliance, administrative and statistical information.
This form is required by the government whenever the value of the shipment
exceeds a certain minimum amount or, whenever a duty drawback is claimed.
Document is issued by freight forwarder
Export Permit JK59 A document issued by the government granting an exporter to export specified
goods to specified countries
For further information, please contact MATRADE or Royal Malaysian Customs.
b) Supporting Documents
Form Type Description
Pro Forma Invoice An invoice presented by the exporters to importers for payment of goods prior to
their dispatch. The document is for:
Custom purposes
Advanced payment (partial or full payment)
Commercial InvoiceA document describing the commercial transaction between the exporters and
importers. The key items found in a commercial invoice include:-
Dates of billing and shipping
Invoice number
Terms of sale
Terms of payment
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Buyer’s name
Seller’s name
Transportation method
Transportation details
Description of goods
The document is issued by exporter for buyer to make payment.
Bill of LadingA Bill of Lading is a document of title issued by a shipper to a carrier. It functions
as an acknowledgement of receipts of goods (cargo) at a name port / port of
loading to a legal holder. The details include:
Conditions
Limitations of liability
Shipping instructions
Description of commodity
Applicable transportation charge
Need to recheck
The document is issued by the freight forwarder to the importer for clearing of
goods.
Airway BillAn Airway Bill is a non-negotiable transport document, similar to a bill of lading for
the transportation of air freight. The details include:
Conditions
Limitations of liability
Shipping instructions
Description of commodity
Applicable transportation charge and
Need to recheck
The document is issued by the freight forwarder to the importer for clearing of
goods.
Packing List A document describing the types and quantities of merchandise in a particular
shipment. Issued by the exporter.
Certificate of OriginA document certifying the place of manufacture or origin of goods specified and,
is required whenever preferential duties are claimed. The document is issued by:
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Preferential
Ministry of International Trade and Industry (MITI) Non-Preferential
Federation of Malaysian Manufacturers (FMM)
Trade Associations
Chambers of Commerce
Insurance Document A document stating the insurance coverage of a particular shipment to cover the
loss or damage to cargo while in transit, in the form of policy or a certificate. The
document is issued by insurance company.
Strategic Trade ActThe Strategic Trade Act (STA) 2010 [Act 708] is the legislation that controls the
export, transshipment, transit and brokering of strategic items and technology,
including arms and related material, as well as activities that will or may facilitate
the design, development, production and delivery of weapons of mass
destruction. This Act is consistent with Malaysia’s national security and
international obligations.
The list of Strategic Items can also be viewed in MITI‘s website via the link
www.miti.gov.my under the STA 2010.
It is the responsibility of exporters to determine if their products are listed as
strategic items and to obtain a permit prior to export of such items.