Importer example sentences
The importer needs various documents to claim the title of goods on their arrival at his/her country and getting them customs cleared.The 'Landing and Shipping Dues Office' levies a charge for services of dock authorities which has to be borne by the importer.After the shipment of goods, the exporter informs the importer about the shipment of goods.As per the rules in force, every importer is required to secure the sanction of foreign exchange.In the case of sight draft, the drawer instructs the bank to hand over the relevant documents to the importer only against payment.The importer has to also pay dock dues and obtain port trust dues receipt.For availing such benefits, the importer may ask the exporter to send a certificate of origin.Once the goods are despatched, the exporter prepares an invoice and sends the necessary documents such as certified copy of invoice, bill of lading, packing list, insurance policy, certificate of origin, letter of credit and bill of exchange to the importer through his/her bank.Since payment for imports requires foreign currency, the importer has to also make an application to a bank authorised for sanction of the necessary foreign exchange.After loading the goods on the vessel, the overseas supplier dispatches the shipment advice to the importer.If required by the importer, the exporter approaches the foreign consulate for obtaining the certificate of origin to enable the importer to claim tariff or quota concessions at the time of clearance of cargo at the import destination.In case goods can be imported only against the licence, the importer needs to procure an import licence.This certificate entitles the importer to claim tariff concessions or other exemptions such as non-applicability of quota restrictions on goods originating from certain pre-specified countries.In case the importer finds the quotation acceptable, he places an order or indent and gets a letter of credit issued from his bank to the exporter.In the context of an export-import transaction, bill of exchange is drawn by exporter on the importer asking the latter to pay a certain amount to a certain person or the bearer of the bill of exchange.
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