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6. Shipment, documents and getting paid
Assemble the shipping and payment documents, and see where a factory loses money after the goods leave.
Assemble the document set for one shipment — invoice, packing list, bill of lading, origin certificate, inspection certificate — and check each against the letter of credit or contract terms. Identify the discrepancies that delay payment and what each one costs in financing.
By the end of this module: Assemble the shipping and payment documents, and see where a factory loses money after the goods leave.
Prerequisite: Complete module 5 and its readings first.
Who this module is for · Intermediate
- Merchandisers and export staff handling buyer orders and shipping documents
- Factory managers planning lead time, capacity and delivery commitments
- Sourcing and compliance staff working with duties, origin and buyer requirements
This module stands on its own — study it in any order. Your reading, quiz score and capstone are saved on this device, and to your account when you sign in. See your progress for this course.
1. Read these chapters
2. Then work through these stages
Module quiz
5 questions on 6. Shipment, documents and getting paid. Answer them all, then check your score before moving on. 4 correct or more is a pass. Your best score is saved on this device, and to your account when you are signed in. This is a self-check, not an accredited assessment.
1. Why do document discrepancies matter under a letter of credit?
2. Which document evidences that goods have been handed to the carrier?
3. Payment is delayed 30 days on 200,000 at a 12% annual financing cost. What is the approximate financing cost?
4. Why should the document set be checked before shipment rather than after?
5. What closes the export economy loop for a factory?
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