TRADE FINANCE (DEC 2016) by RATNA HAFIZA

TRADE FINANCE (DEC 2016) by RATNA HAFIZA https://padlet.com/ratnahafiza/2n4j4nj9a1n9 CHAPTER 2 en-us 2016-12-23 07:40:57 UTC 2023-07-26 17:48:13 UTC hello@padlet.com ASSALAMUALAIKUM & HYE STUDENTS.... ratnahafiza https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144728755 Please read the instructions below:

1) Be in a pair or maximum 3 person in a group

Eg : Khuzairi & Mia Adriana

2) Ask any question regarding Chapter 2 (Trade Documentation) to your pair or anyone of your group member.

Eg : Khuzairi ask Mia Adriana : What is the importance of Halal Certificate?

3) Make sure your pair answer your question

Eg : Mia Adriana must answer Khuzairi's question : Halal certificate is importance as a guarantee that products comply with the Islamic dietary requirements. It also allow you to meet one of the important requirements by the importing countries.

4) After that, your pair must ask a question back to you

Eg : Mia Adriana must give a questions back to Khuzairi : Define policy

5) You need to answer the question.

Eg : Khuzairi answer Mia Adriana's question : Policy is define as an entire written contract of insurance

6) End of conversation

7) Each of you must make sure that you have give a question & you have answer a question from your friend.

8) Attendance for 23/12/2016 will only be consider if you have follow all the instruction given..

9) TQVM...

]]> 2016-12-23 07:43:44 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144728755 question to Farahanim https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764441 Syafika: What are the meaning of waybills and the two type of waybills?]]> 2016-12-24 12:39:05 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764441 answer to Syafika https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764488 Waybills is acts as a receipt for the underlying goods and it evidences the contract of carriage. The two type of waybills are seaways bills and airway bills.

]]> 2016-12-24 12:41:46 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764488 question to Syafika https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764504 Define the certificate of origin]]> 2016-12-24 12:42:30 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764504 answer to Farahanim https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764555 2016-12-24 12:46:41 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764555 answer to Farahanim https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764556 Syafika: Certificate of origin is a document provided by the exporter’s Chamber of Commerce that attests the goods originated from the country in which exporter is located.

]]> 2016-12-24 12:46:41 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764556 Question from Arif Ariffin to Noor Nabilah https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764984 What is the promissory note ?]]> 2016-12-24 13:17:36 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144764984 Answer from Noor Nabilah to Arif Ariffin https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144765157 An unconditional promise made by one party (drawer) to pay a sum of money to another party (payee)]]> 2016-12-24 13:29:02 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144765157 Question from Noor Nabilah to Arif Ariffin https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144765215 How many types of documents in trade finance]]> 2016-12-24 13:33:55 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144765215 Answer from Arif Ariffin to Noor Nabilah https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144765298 have 2 types documents in trade finance it is financial documents and commercial documents.]]> 2016-12-24 13:39:27 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144765298 Question from Laili to Nur Ainie https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144788287 What you know about the invoice and explain the types of that.]]> 2016-12-26 06:21:38 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144788287 Answer from Nur ainne to Laili https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144788526 Invoices may be issued by an Exporter. There are four types of invoices.
1) commercial invoices - it is sent by seller to the buyer
2) Pro-forma - the functions are quote and an accurate and practise preview of what the actual invoice
3) Consular invoices - it is issued by the Consular Office of the importing country with the office being located in the export's country
4) Legalized invoices - some countries require that commercial invoices should be legalized by their own embassy or consulate in the seller's country. ]]> 2016-12-26 06:39:03 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144788526 Question from Nur Ainne to Laili https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144788702 List seven of others documents and describe three of them.]]> 2016-12-26 06:47:35 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144788702 Answer from Laili to Nur Ainne https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144788714
a. CERTIFICATE OF ORIGIN

-A document provided by the exporter’s Chamber of Commerce that attests that the goods originated from the country in which exporter is located

b. INSPECTION CERT.

-A document provided by an independence inspection company (3rd party) that attests that the goods conform to the description contained in the invoice

-Provided by the exporter
c. PACKAGING/WEIGHT LIST

-Packaging list provides a summary of the number of crates that being shipped to the buyer. This provides the same detail as that seen on packaging list

-Weight list is a documents issued by 3rd party @ Exporter to confirm the weight of the goods being shipped. The weight stated must be consistent with the weight quoted on other documents
d. BLACKLIST CERT
e.HALAL CERT
f.VETERINARY CERTIFICATE
g.PHYTOSANITARY CERTIFICATE

]]> 2016-12-26 06:48:36 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144788714 question from Fauzan to Asyiqin https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144845259 define promissory note

]]> 2016-12-28 13:46:07 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144845259 Answer from Asyiqin to Fauzan https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144845385 Sometimes referred to as "note payable"
Uncoditional promise made by one party to pay sum of money to another party.]]> 2016-12-28 13:49:41 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144845385 Question from Asyiqin to Fauzan https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144845461 What is waybill?]]> 2016-12-28 13:51:57 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144845461 answer from Fauzan to Asyiqin https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144845500 waybill is acts as a receipt for the underlying goods and it evidences the contract of carriage,
Types of waybills:

1. Seaway bills

•goods being transported by sea

2. Airway bills

•goods being transported by air

]]> 2016-12-28 13:53:19 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144845500 Question from Hayati to Nadhirah hayatieshukrillah https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144899021 Define bill of exchange and includes three parties of bill of exchange.]]> 2016-12-30 13:57:48 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144899021 answer from Nadhirah to Hayati nadhirahalias93 https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144899375 Bill of exchange is an condition ORDER in writing, addressed by one person to another, signed by the person giving it, requiring the person whom it is addressed to pay on demand or at fixed or determinable future time a sum certain in money to or to the order of a
specified person or to bearer.

3 parties of bill of exchange:
1.drawer
2.payee
3. drawee

]]> 2016-12-30 14:16:05 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144899375 Question from Nadhirah to Hayati nadhirahalias93 https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144899546 What is the definition of cheques]]> 2016-12-30 14:24:44 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144899546 Answer hayatieshukrillah https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144899582 2016-12-30 14:26:07 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144899582 Answer from Hayati to Nadhirah hayatieshukrillah https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144899586 Cheques is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer's name with that institution]]> 2016-12-30 14:26:12 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144899586 Question from Cheong to Yuanesh https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928248 What is INCOTERMS ??

]]> 2017-01-01 05:29:48 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928248 Question from Cheong to Yuanesh https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928312 What is INCOTERMS??]]> 2017-01-01 05:33:43 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928312 Question from Nurul Atikah to Nurul Ain https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928507 Indentify the documents which are not frequently used.]]> 2017-01-01 06:39:05 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928507 Answer from Nurul Ain to Nurul Atikah https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928549 - Certificate of origin
- Inspection certificate
- Packaging and Specification lists/Weight notes
- Halal certificates
- Blacklist certificate
- Veterinary certicate
- Phytosanitary certificate]]> 2017-01-01 07:03:51 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928549 Question from Nurul Ain to Nurul Atikah https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928584 Define cover notes, certificate and policy]]> 2017-01-01 07:08:12 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928584 Answer Nurul Atikah to Nurul Ain https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928617 Cover note is issue by insurance company or insurance broker in lies of insurance policies or certificate which serve as proof of usual insurance notification and represent cover approval.

Certificate is a document indicating the type of amount of insurance coverage in force particular shipment. It used ti assure the consignee that insurance is provided to cover loss of or damage to the cargo in transit.

Policy is the entire written contract of insurance or printed document as well as coverage forms and endorsement added to it]]> 2017-01-01 07:16:34 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144928617 answer to cheong from yuanesh https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144933063 International commercial terms are the called as INCOTERMS, it is
the mutual obligations of seller and buyer arising from the movement of goods under an international contract from the standpoint of risks, costs and documents” …UNCTAD, 1990

]]> 2017-01-01 13:07:14 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144933063 Question to Cheong from Yuanesh https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144933149 what are the Rules for Sea and Inland Waterway Transport?]]> 2017-01-01 13:12:59 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144933149 Answer to Yuanesh from Cheong https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144949784 Free alongside ship (FAS)
Free on board (FOB)
Cost and freight (CFR)
Cost insurance and freight (CIF)]]> 2017-01-02 03:52:38 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144949784 Question from Aswani to Dachana https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144951208 List three types of document in Financial documents and describe one of them.]]> 2017-01-02 05:13:39 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144951208 Answer from Dachana to Aswani https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144951264 1)Cheque
-A negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer's name with that institution.
2)Bill of Exchange
3)Promissory Note]]> 2017-01-02 05:16:20 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144951264 Question from Dachana to Aswani https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144951305 What is Blacklist certificate?]]> 2017-01-02 05:20:39 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144951305 Answer from Aswani to Dachana https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144951374 -May be called for by the authorities of the importer’s country to prevent goods being imported from certain countries, arising from political @ religious reasons

Includes:

i.The goods parts of them have not originated from named countries

ii.The ship carrying the goods is not scheduled to call at any port in the named country

iii.None of the parties to the transaction is on a blacklist

]]> 2017-01-02 05:25:52 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/144951374 Question from Nur Syazana to Rasidah Elyana https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145013713 Indentify the documents which are not frequently used.]]> 2017-01-03 04:03:37 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145013713 Answer from Rasidah Elyana to Nur Syazana https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145013835 - Certificate of origin
- Inspection certificate
- Packaging and Specification lists/Weight notes
- Halal certificates
- Blacklist certificate
- Veterinary certicate
- Phytosanitary certificate]]> 2017-01-03 04:10:32 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145013835 Question from Rasidah Elyana to Nur Syazana https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145013858 What is Blacklist certificate?]]> 2017-01-03 04:11:22 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145013858 Answer from Nur Syazana to Rasidah Elyana https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145013895 -May be called for by the authorities of the importer’s country to prevent goods being imported from certain countries, arising from political @ religious reasons

Includes:

i.The goods parts of them have not originated from named countries

ii.The ship carrying the goods is not scheduled to call at any port in the named country

iii.None of the parties to the transaction is on a blacklist

]]> 2017-01-03 04:12:51 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145013895 question from farain to azlina https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014108 List seven of others documents and describe three of them.]]> 2017-01-03 04:23:08 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014108 Answer from Azlina to Farain https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014150 a.CERTIFICATE OF ORIGIN

-A document provided by the exporter’s Chamber of Commerce that attests that the goods originated from the country in which exporter is located

b. INSPECTION CERT.

-A document provided by an independence inspection company (3rd party) that attests that the goods conform to the description contained in the invoice

-Provided by the exporter
c. PACKAGING/WEIGHT LIST

-Packaging list provides a summary of the number of crates that being shipped to the buyer. This provides the same detail as that seen on packaging list

]]> 2017-01-03 04:25:01 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014150 Q https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014168 2017-01-03 04:25:57 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014168 https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014172 2017-01-03 04:26:01 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014172 Question from Azlina to Farain https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014185 Explain definition of Cheques?]]> 2017-01-03 04:26:38 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014185 answer from farain to azlina https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014209 Cheques is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer's name with that institution]]> 2017-01-03 04:27:53 UTC https://padlet.com/ratnahafiza/2n4j4nj9a1n9/wish/145014209