Export Documentation

Export Documentation

Export Documentation

 

Benefits of “Letter of Credit” in Used Cars Import from Japan

Letter of Credit, often abbreviated as L/C is a letter from a financial institution normally a bank assuring that correct payment from buyer has been received on time. In case of Japanese used cars it is a document or a written commitment by a bank of a buyer or importer assuring payment to the seller or exporter of used cars provided certain concrete documents are presented to bank by the exporter.


Importance of Bill of Lading in Used Car Import from Japan

Bill of Lading is a legal document between the shipper of used car from Japan and the carrier specifying the type, quantity and destination of the cars being carried. The bill of lading also serves three important purposes: As a receipt of shipment when the car is delivered to the destination port, As an evidence for the contract of carriage, As a document of ownership.


Telegraphic Transfer remittance method for buying Japanese Used Car

T/T or telegraphic transfer, or simply a wire transfer is a simple and fastest legal way of remitting money overseas through any bank with Forex facility. It involves the remittance of funds between the banks using electronic coded messages.


What are the documents required to import used cars from Japan?

Importing a used car from Japan is not complicated but the importer must know the procedure and the documents required while importing any used vehicles from Japan. Now a days Buyers can easily order the used vehicles through online from any of the exporters in Japan but they were not aware of the details like what type of documents they must ask from the dealers.


What is Cargo Tracking Note?

Cargo Tracking Note (CTN) also known as Bordereau de Suivi Cargaison (BSC) or Loading Certificate is an official shipping document that contains information related to the cargo and its movement between ports. Various shipper councils in different countries require this document while vehicle importation. CTN is requested by Customs to importers for clearance of cargo. All documents related to cargo must have CTN number if shipped under CTN.


What is the importance of the bill of sale for buying a car?

A vehicle bill of sale is a written agreement by which a used auto owner assigns or transfers their rights or interest in the vehicle to the buyer. For used auto sales, having this form will be of great help in the selling process. In addition, the bill of sale serves as proof the buyer really bought the Car and owns it.


Transferring of Ownership

Daichi was moving to Tokyo from Hiroshima, so he thought to sale his previous car. When he talked about this too to one of his friend he told him about the transferring of ownership of car when a person sale it to another. Transferring ownership in Japan is not just an agreement between you and the purchaser, if someone is willing to sale his/ her car then it is mandatory to officially transfer the ownership.


 

 

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