Export-Import procedures are very complex and time-consuming. Therefore, every exporter-importer takes the assistance of clearing and forwarding C&F agent . They act on behalf of the importer and exporter to complete all formalities required for clearing and dispatch of the goods.
Classic Shipping Lines is one of the most experienced specialized customs clearing and forwarding C&F agent in Bangladesh. Established in the year of 1998. Our aim is to become your business partner, get to know your product and needs, and then give you advice and solution to all your export and import product.
The Customs Clearance service includes preparation, submission of documents and acquiring the necessary permits that are required for import and export of goods to the country.
This is essential for the authorities to calculate taxes and duties that is to be levied on the cargo. We represent the client during customs examination and assessment. We also handle payment of duty fees and delivery of cargo from customs after clearance along with the necessary documents.
Our team of experts help to get your goods cleared off quickly and efficiently with an automated customs clearance network, if necessary we will also provide the proper guidance through the complex functionality of the Customs Department.
What are the documents that a C&F agent will need, to affect the smooth clearance of goods from the port through customs? Which are the documents prepared by the clearing agent? Let us look at some of the important documents that are handled by the clearing agent.
- Bill of Entry.
- Packing list of goods.
- Commercial Invoice.
- Bill of Lading.
- Certificate of Origin.
- Proforma Invoice.
- Import license of the consignee.
- Insurance certificate.
- Letter of Credit (L/C).
Bill of Entry
The bill of entry is usually prepared by the C&F agent and submitted to the customs authority before the arrival of goods at the destination port.
The agent has to ensure that the correct description and value of goods are shown on the bill of entry and that goods come under the correct HS Classification (Harmonized Systems code). The HS Classification system is an internationally accepted system of classification and coding of goods. The customs duty calculation will be based on the HS code.
Bill of Lading
A signed bill of lading is issued by the ocean carrier as proof of receipt of cargo from the shipper, onboard the ship. It also gives title over the cargo, normally to the consignee. It shows the name and address of the consignor, consignee, and notify party (if applicable). The clearing agent has to ensure that the bill of lading accompanies other documents for clearance of the cargo.
Commercial Invoice
Another document that must be submitted by the c&f agent for the clearance of goods is the commercial invoice. A commercial invoice is issued by the seller or consignor and must accompany the goods. It gives the full name and address of the seller and the buyer. It will have the details of the goods that are being shipped, the quantity shipped of each item, their
Packing List
At a glance, a packing list may look very similar to the commercial invoice. But the similarity ends there. Its heading will show ‘packing list’, and it will have the complete details of the products – most importantly the serial number, description of units, pack and packaging, individual and overall dimensions of each package (if applicable), the weight of each unit and the total weight, and HS code.
The packing list gives a complete picture of what is contained in the shipment, their packing, and weight. All the parties involved in the carriage and clearance of the consignment such as the carrier, the freight forwarder, the clearing agent, port and customs authorities and the customer require the packing list.
It helps them make appropriate arrangements for handling the goods from loading and carriage through to unloading, transport, and stacking in the receiver’s storage space.
Import License of Consignee
The import license is the permission given to the consignee by the relevant government authority to import the specified goods into the country. This license must be submitted by the clearing agent to the customs, along with other documents, prior to clearance.
Insurance Certificate
Goods are insured against unforeseen calamities and accidents that can happen during transit of the cargo. The insurance certificate shows the type of insurance and the amount for which the goods are covered. The terms of business between the seller and the buyer may be CIF (Cost Insurance Freight) or CFR (Cost Freight). In CIF, the insurance is borne by the seller or consignor whereas in CFR goods are insured by the buyer or consignee.
TRANSPORT
We have our own specialized transport facilities, which is exclusively used for our clients. It will save time and hassle of transportation of our clients cargo, as a result, our clients gets rid of excessive demurrage charged by port and shipping for being late. We provide you a great hassle free service from port to your doorstep.
Some of Our clients
