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SEIB of GDUFS * 9.2 Disputes and Claims 9.2.1 Disputes Main reasons for disputes breach of contract by the seller fails to deliver the goods fails to present required documents breach of contract by the buyer fails to open L/C fails to accept the goods fails to dispatch the vessel (FOB) breach of contract by both parties misunderstands contract stipulations SEIB of GDUFS * 9.2.2 Claims Claim: demand made by one party to another for a certain amount of compensation on account of a loss sustained through its negligence Types of claim claim regarding selling and buying claim regarding transportation claim concerning insurance SEIB OF GDUFS * Documents involved in goods preparation Commercial Invoice (Specimen 8.3) the exporting firm’s invoice addressed to the foreign importer describing key transaction details, esp. total value and claiming for payment one of the most important documents used as the foundation for keeping accounts and making declarations to the customs. often required for payment settlement serves as a record of the details of a transaction SEIB OF GDUFS * Documents involved in goods preparation Packing List (Specimen 8.4) a document made out by the seller stating the detailed content of each individual shipment a supplementary document to the commercial invoice required for mandatory inspection required for export and import customs formalities Usu. required for negotiation of payment. to facilitate the general checking of goods to facilitate insurance claims and claims settlements SEIB OF GDUFS * Documents concerning mandatory inspection Export Commodity Inspection Application (Specimen 8.5) one of the essential domestic documents for the export of many commodities in China SEIB OF GDUFS * Documents concerning mandatory inspection Certificate of Inspection (Specimen 8.6) a document indicating the results of the inspection issued by a government institution, surveyors of chamber of commerce or an independent service
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