Part I Contract

You can choose a partner or do it alone.

Decide about one product to export or import. You have to prove your negotiation with a Contract. Prepare a contract.

1. PREPARE A CONTRACT

You already prepared a Contract.

Study the example I posted in your Assignments TAB ( Oblio International ltd.) a very basic sales contract, and review the theory about Essential elements of a sales contract. Compare your contract you prepared already and improve your work if it is necessary. DO A BETTER JOB than me. (these times requires even more professionalism) the method of payment negotiated in your contract should be Documentary Collection.

Use the template attached to this exercise to CREATE your Shipping specifications (when the goods were shipped, from which port..se my example)

Format the documents properly and use colours for your answers.

Part II Homework

Pretend that the goods were shipped as per your contract and shipping and commercial information. You have to create using your contract information and the shipping and commercial info template posted below.

You have to prepare the following documents:

1. Ocean Bill of Lading ( or any other transport document if you didnt use ocean shipment)

2. Commercial Invoice
3. Draft (Bill of Exchange)
4. One more document of your choice ( ex. Package/Weight List, Certificate of Origin)
5. Collection Letter Foreign Bills

All documents should be prepared based on your Contact and Shipping and Commercial Information. Use logic please.

SHIPPING AND COMMERCIAL INFORMATION

EXPORTER REFERENCE NO:

PACKING:

DIMENSIONS:

GROSS WEIGHT:

MARKINGS:

IN LAND TRANSPORTATION:

SHIPPED VIA OCEAN, VESSEL:

ON BOARD DATE:

BKG # (booking nr.)

B/L:

S/S LINE:

FORWARDING AGENT IN Romania:

PORT OF DISCHARGE:

PLACE OF DELIVERY:

CONTAINER:

EXPORTERS AGENT IN TORONTO:

EXPORT MANAGER for:

Part III.

Using the data from your contract, and the documents prepared, explain in point form how the exporter will receive the money. Record the collection steps.