Which of the following documents is not required in connection
with an import transaction?
(a) Bill of lading
(b) Shipping bill
(c) Certificate of origin
(d) Shipment advice
An import transaction involves various documents, such as a bill
of lading, certificate of origin and shipment advice. However, a
shipping bill is not required for an import
transactionâ€”it is a document required in
connection with an export transaction. In an import transaction,
a shipment advice is sent by the supplier to the importer as
proof of dispatch of goods. After the shipment of goods, the
supplier prepares a set of documents, such as a bill of lading,
certificate of origin and marine insurance, to be handed over to
the banker for further transmission.
Hence, the correct answer is option (b).
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