Ho Chi Minh City University of Economics and Finance Faculty of Economics
Ho Chi Minh City University of Economics and Finance Faculty of Economics
Ho Chi Minh City University of Economics and Finance Faculty of Economics
Faculty of Economics
TRANSPORT INSURANCE
ANALYSIS OF THE RELEVANT SET OF DOCUMENTS
BETWEEN AGC LIGHTING CO., LTD AND PNS TRADING
SERVICE COMPANY LIMITED
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TABLE OF CONTENTS
INTRODUCTION
In import and export business, the discussion, exchange, drafting, signing and
performance of contracts in international commercial transactions is one of the
most important things, it determines whether it can be done. the transaction or not,
and is also largely related to how the transaction is performed, as well as the
outcome of the transaction. Therefore, the conclusion of commercial contracts
between countries should be paid special attention, attention and development.
Thus, the international commercial transaction contract carries an importance and
is the core and essential element to perform a transaction. The analysis of the
contract and related documents to clarify the terms, obligations and responsibilities
of the parties involved is of decisive importance before signing a contract. In fact,
despite having performed many transaction contracts with foreign partners, when
conflicts arise, most Vietnamese enterprises still have to suffer losses due to not
properly understanding related responsibilities.
Stemming from the need for scientific research as well as the desire to learn about
a real contract of our team members, our group decided to choose the topic
"Analysis of the contract for importing LED HIGH BAY LIGHT 100W and
related documents between AGC Lighting CO., LTD. and PNS Trading Service
Company Limited on the basis of knowledge of Insurance Transportation.
CHAPTER 1: Introduction about Shenzhen HM Logistics and Shenzhen
Lucky Logistics
1.1. Shenzhen HM Logistics
1.1.1. General Information
Shenzhen H&M Logistics Co., Ltd (hereinafter referred to as H&M for short) was
established in 2012, is a freight forwarding company authorized by the Ministry of
Foreign Trade and Economic Cooperation of the People's Republic of China.
H&M operates an international forwarding business involving import and export
business for ocean freight, air freight and land transport. Business areas include
reservation, transshipment, warehousing, customs clearance, insurance agency,
inland transportation, multimodal transport and related consulting business. By
building good relationships with shipping lines, airlines, international express
delivery businesses, as well as their agents in Mainland China.
Contact
Shenzhen H&M Logistics Co., Ltd
RM 1220-1222 Yueyun Building, No. 1001 Wenjin South Road, Luohu District,
Shenzhen, China
Tel: 0755-25272724
Fax: 0755-25652277
Email: Bryan@hmshipping.com
1.1.3. Resources
Import/Export FCL
H&M build up good relationship with too many shipping liners, MSC, OOCL,
CSCL, COSCO, MISC, MAERSK, HANJIN, WANHAI, SITC, CMA, APL,
CSAV, NYK, ZIM, which can provide you with competitive rates from them.
Every year, numerous containers are exported to all over the world from too many
ports of China through H&M. numerous containers are deliver to HONG KONG,
then import into mainland china are handled by H&M too, special in middle east
market, Indian Subcontinent market, southeast Asia market, CENTRAL &
SOUTH AMERICA market, Caribbean market are big advantage of H&M
Import/Export Air/Express
During these years, H&M has built a good working relationship with many airlines
and aircraft agents, having contracted their services to be able to offer the most
competitive freight rates and guarantee the highest quality and vacancies available.
With H&M's successful global dealer network around the world, H&M can
provide door-to-door delivery and ensure your goods are delivered on the first
available flight. In addition, consignments are sent on a predetermined schedule
and with competitive fees in line with customer requirements.
Fumigation Certificate
H&M can supply the fumigation service, and get the fumigation certificate .
Insurance Agent
H&M offers a wide range of insurance products to meet business needs and review
types of coverage and eliminate any potential risks in transit. Experts are trained
globally to guide the insurance process from certification preparation to claim
filing and everything in between.
1.2.2. Services:
Lucky Logistics Group Ltd. was established in 1998, with registered capital of
HKD 8,200,000, specializing in international import and export transportation
services by LCL, FCL and Air Freight, with value-added services on Customs
declaration. customs brokerage, border crossing, warehousing, road transport and
customs clearance. We have obtained many certifications, including, head office
N.V.O.C.C No. MOC-NV02074; FMC member of China International Freight
Forwarders (Grade A) with certificate number 021849; WCA member with
certificate number 67929; logistics provider Alibaba; Board member of Shenzhen
logistics and supply chain management association. Lucky Logistics Group Ltd.
opened offices in 17 main cities. These offices are located in South China of Hong
Kong, Shenzhen, Guangzhou, Dongguan, Zhongshan, Foshan, Shunde, Zhuhai,
Jiangmen, Xiamen and Fuzhou; East China of Shanghai and Ningbo; North China
Qingdao, Tianjin and Dalian; and an overseas office in Los Angeles, USA.
1.2.3. Resources
Lucky Logistics Group Ltd. opened offices in 17 main cities. These offices are
based at Southern China of Hong Kong, Shenzhen, Guangzhou, Dongguan,
Zhongshan, Foshan, Shunde, Zhuhai, Jiangmen, Xiamen and Fuzhou; Eastern
China of Shanghai and Ningbo; Northern China of Qingdao, Tianjin and Dalian;
and Overseas office in Los Angeles, USA. Relying on the main bases of Hong
Kong, Shenzhen and Shanghai, Lucky Logistics Group Ltd. formed a shoulder to
shoulder collaborative business pattern and stable foundation of business
development, owning office property in many port cities and having more than a
thousand experienced and excellent staff in the Group offices. Lucky Logistics
Group Ltd. developed yearly more than 1,000,000cbm of export and import
volume and 100,000 clients. Throughout the worldwide agents network,we
cooperate with dozens of notable shipping lines and multiple specialized
warehouses. We developed nearly 200 LCL consolidation shipping routes
worldwide and more than 1000 transhipment destinations worldwide. Our business
is covering thousands of ports and inland cities Worldwide.
CHAPTER 2: Documents Analysis
2.1. Bill of Lading
2.1.1. Theoretical basis
Definition
Bill of lading is a transport document as proof that the carrier has received the
goods with the quantity, type and condition as stated in the bill of lading for
transportation to the place of delivery; proof of ownership of the goods used for
disposition and receipt and as evidence of a contract for the carriage of goods by
sea.
Document of title to the goods: Bill of lading is a document of ownership for the
goods stated in this document. This is the most important function or feature of the
bill of lading in international trade today. “Document of title” is to authorize the
valid owner to have title to the goods. This title can be transferred by endorsing the
bill of lading (for transferable bills of lading).
This is a means to help sellers show all the products and goods they have. Through
it, buyers can easily refer and check. Packaged goods do not represent the value of
the order, but are usually only used to list the quantity of goods, the number of
conditions included in the order. From the information recorded on the slip, we can
check and monitor and avoid the situation of goods being lost during delivery.
2.2.1.2. Packing list analysis in documents
Issuer: IWASAKI ELECTRIC CO., LTD.
To: PNS TRADING SERVICE COMPANY LIMITED
- Address: No. 102/25 NGUYEN TU GIANG STREET, WARD 12, GO VAP
DISTRICT, HO CHI MINH CITY, VIETNAM
- Tel: +84 941.28.42.42
Invoice No.: IIE-19-34103
Date: 10/03/2019
Marks and Numbers:
- Led High bay Light
- Net weight: 515.00 KGS
- Gross weight: 560.00 KGS
- Country of Origin: China
Description of goods: Led High bay Light 100W 5000K Wide beam without
bracket type
Packages: 112 packages
Quantity: 560 KGS
Seller: IWASAKI ELECTRIC CO., LTD.
2.2.2. Invoice
2.2.2.1. Theoretical basis
Definition
Invoice is a specific payment document, used to request payment for a product or
service that has been provided. Invoice is used to protect the interests of both the
seller and the buyer. For sellers, invoices help them ensure that they have provided
complete information about the product or service sold and that the price is
specified. For buyers, invoices help them verify information about the purchased
product or service and ensure that they will pay the correct amount. In addition,
invoices are also used to calculate taxes and other expenses related to the business.
Function
- Notice about the status of goods arriving at the entry point
- Accurately determine whether the goods information is sufficient or lacking, and
whether the time has changed as expected.
- Basis for import customs declaration
- After receiving the arrival notice
- The service company declares E-Manifest for goods for both service companies
and shipping lines
- The purchasing unit will conduct customs declaration for imported goods
- The field department will go to the port office to get the delivery order D/O
(Delivery Order).
- When there is a notice of goods arriving at A/N with full container goods, the
agent will go to the shipping company to bet on the container and do customs
procedures to pick up the goods.
- After completing the above documents and making payment, you will receive the
DELIVERY ORDER for this shipment.
Classify
D/O issued by forwarder: This form of D/O is issued by the shipping agent to the
consignee, requesting the consignee to deliver the goods to that consignee.
However, if the forwarder's D/O but FWD is not the issuer of the Bill, then the
consignee does not have the right to pick up the goods, but must have
accompanying documents.
D/O issued by shipping lines: This form of D/O is issued by shipping lines and
asks the person holding the goods to deliver the goods to the recipient (who has
this delivery order). Usually, the shipping line requests delivery to the forwarder
and the forwarder requests to deliver the goods to them. When the forwarder holds
the D/O that the shipping line has issued to him and returns it to the importer along
with the original Bill of the shipping line, the importer is eligible to receive the
goods.
These are two types of D/O arising in two separate cases depending on whether
you work directly with the shipping line or hire FWD, so the D/O fee is only paid
to the direct issuing unit and only once. best.
AGC provides PNS 112 100w High Bay Light packages with a weight of 546.500
kgs equivalent to 5.378 CBM. AGC acts as a supplier in this trade.
Iwasaki Company sent the invoice and packing list to PNS, about the content of
shipping the order from Shenzhen (China) to Ho Chi Minh (Vietnam)
Customs procedures and related documents must be completed before the goods
are cleared and on the way to Vietnam.
PNS will receive the goods after submitting the bill of lading and related
documents.
CONCLUSION
Vietnam is on the path of integration with the global economy. With the goal of
promoting the foreign trade economy, the conclusion of contracts between
countries should be paid special attention, attention and development. International
trade activities take place more and more popular, transactions between domestic
and foreign traders are also constantly increasing.
Through researching and analyzing the topic "Analysis of LED HIGH BAY
LIGHT 100W import dictionaries and related documents between AGC Lighting
CO., LTD. and PNS Trading Service Company Limited, our research team has
somewhat grasped the content, legal basis, terms and conditions. clauses in an
actual contract, the relevant documents and the steps to carry out the Insured
Transport documents. The group also found that there are some limitations in the
drafting and agreement of the transaction contracts and related documents by the
two parties, which may lead to harm in the company's business activities.
The analysis of contracts and related documents goes hand in hand with the
teaching and learning content of the Insurance Transport subject and adds a lot of
knowledge through the study of actual documents. Through the research process,
the group has accumulated a lot of valuable knowledge and experience in the field,
and also fostered the whole group's passion for the field of import and export.
Due to limitations in terms of personal conditions, knowledge as well as lack of
internal information sources, the implementation may contain many errors, hope to
receive your sympathy and help to help us have a better understanding. can
complete the essay as well as about professional knowledge.