The information provided here is part of Export Import Training online
Before reading this article, I suggest my readers to go through all other articles related to triangular trade which make you more clear about the procedures and formalities of triangle trade.
Since I have explained in details about other aspects of triangular shipments, I mention below only about documentation in triangular shipments to hide final buyer with final seller in triangle exports.
Let us start with an example of 3 parties involved in triangle trade situated in three countries separately. ‘A’ obtains export order from ‘B’ and transfers the purchase order to ‘C’. Here, B is the final buyer and C is the final seller. Even though the financial transactions are between (A and B) and (A and C), and there is no communication or other financial movements between B and C, the cargo is moved from final seller C to final buyer B. Here, while issuing Certificate of Origin and other specific documents, the issuing authority has to disclose the shippers name and importer name in the documents which reaches to the hand of final importer who can know the details of final supplier.
In order to overcome this problem, normally A represent himself or appoints an agent in final buyer’s country to handle all shipments on behalf of him. So, A or his agent act as an Importer in the said country legally and receives goods from final seller and supplies to final seller.
Also read - Documentation for triangular shipment Triangular export Bill of Lading procedures in triangular shipment What is switch Bill of Lading? Procedures and documentation on Triangular shipments
Payment procedures in Triangular exports Switching documents in triangular Exports and imports
The above information is a part of Import Export online Training
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