Author Question: Name and describe two important documents that accompany exported ... (Read 51 times)

mcmcdaniel · **on:** Jun 29, 2018

Name and describe two important documents that accompany exported products.

Question 2

What are export management companies? Briefly describe what they do.

lauravaras · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

A bill of lading is a document issued by a carrier (transporter) to a shipper (exporter) acknowledging that the carrier has received the goods. It describes the kind and quantity of goods the carrier receives from the shipper, as well as how the goods will be shipped and where they are going. A certificate of origin is a document that indicates the country in which goods being exported are obtained, produced, manufactured, or processed.

Answer to Question 2

An export management company (EMC) specializes in helping businesses distribute products. EMCs typically specialize in specific products and markets. An EMC can act as an agent, or broker, for a company, bringing together buyers and sellers but typically not taking title, or ownership of the product. As an agent, EMCs are typically paid based on a percentage of sales. EMCs sometimes do take ownership of a product, but then they incur the risk of selling the product. Profits for the EMC can be higher with this strategy, however.