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.
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?