INTL TRADE & EXPORT - Definition

1. What is Bill of Lading? What does the Endorsement “Shipped on Board” indicate

It is the primary document between the ship’s operator and the exporter, it is the receipt from ship’s operator for the cargo, it is also a documentary evidence of contract of carriage, it is a document of title of goods specified, it is no negotiable instrument, but can used to transfer title to the goods described and provided it is correctly endorsed.
And it usually specifies on the reverse the operator’s terms and conditions for the contract of carriage.

“Shipped on Board” is conclusive evidence that the goods have been received ad shipped in accordance with the details on the face of the Bill of Lading. And after the cargo has been physically loaded onboard the vessel as nominated on the face of B/L, the bill of lading then is released after the vessel has sailed from the port.

2. ATA Carnet

A carnet is an international customs document that allows goods to be brought into Australia without the payment of customs duty and taxes and without the need for a formal customs entry.

ATA carnet are used for a wide variety of goods coming into Australia temporarily (or member countries), it will only be accepted for goods being temporarily imported under those conventions, which have been acceded to by Australia. (ie Exhibitions, Samples, Scientific/professional equipment, welfare material etc. Listed in Sec 162A)

ATA carnet normally related to goods other than private motor vehicles.

3. Export Permits:

Export Permits are to be obtained from the relevant PIA for all goods subject to export prohibition or restriction prior lodging an export entry.

4. EDN’s

Export Declaration Number, if the permit numbers (incl. permit prefix) are correctly shown on export entry declarations to enable the issue of an export clearance. (EDN suffixed with a “C”)

5. Embargoes

If export the goods listed in the DSGL to the specified country are subject to export restriction, and the countries to which this form of embargo applies are listed in the DoD publication. It is like a trade choice between countries, ie US and Cuba.