(b) State the documents required for export. Discuss in detail the features of Commercial invoice and Bill of lading.

The export procedure involves several key steps, including documentation, compliance with regulations, and the execution of contracts and agreements between the exporter and the buyer. Documentation is a crucial part of this process, as it ensures that goods are shipped and delivered correctly and that payments are processed efficiently. The following are the essential documents required for export:

1. Export Order/Letter of Credit (L/C): This is the agreement between the exporter and importer, either as a formal order or a letter of credit issued by the buyer’s bank, ensuring payment for goods shipped.

2. Commercial Invoice: This document provides details of the goods being sold, including their value, quantities, and the terms of the sale. It acts as a bill for the goods and is necessary for customs clearance in both the exporting and importing countries. The invoice includes details like the name and address of the seller and buyer, a description of the goods, the price, and payment terms.

3. Packing List: This is a detailed list of the goods being exported, showing how they are packed, their weight, dimensions, and any specific packaging instructions. It is essential for ________ ______ _________ ____ ______ ___ _____ ____ _________.
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