Attestation of Delivery Documents

Some applicants request a document that is one of documents that is stated on an L/C. This kind of document is issued by Forwarder. The name of this documents is Attestation of Delivery Documents.

Usually on the L/C says:
"
ATTESTATION OF DELIVERY DOCUMENTS ISSUED BY FORWARDER CERTIFYING THAT COPY OF PACKING LIST HAS BEEN RECEIVED BY HIM ON SHIPMENT DATE FOR IMMEDIATE TRANSMISSION TO FORWARDER'S AGENTS AT DESTINATION.
"

After shipment date or flight or vessel has been departed from port of loading, shipper will ask forwarder to issue this kind of document as a required documents refer to the L/C.

This document and other required documents will be sent to the advising bank to be forwarded to the issuing bank to get release payment.

Here I have ever gotten a sample of Attestation of Delivery Document from a forwarder.
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CPT-Carriage Paid To

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CPT or Carriage Paid To, is one of the trade terms, which condition seller arrange the carriage. On other word, seller pay the transportation. The transportation should seller pay is from seller's warehouse until port destination. Regarding the insurance, buyer will arrange and pay the cost.

Buyers who place order in Indonesia, basically they always take FOB trade term. If the cargo readiness couldn't meets buyer requested, shipper will ask for extend shipment date, if it's really deadline, buyer will ask shipper to air the goods by prepaid. Means, shipper should pays the freight cost.

Buyers form Europe, such as France, determine the forwarder for collect or prepaid, called nominated forwarder. So that shipper and seller couldn't find out the forwarder the best, for their shipment. This condition is not good for seller because seller couldn't be freely to choose a forwarder who has a low freight rate, of course then, the freight charge or transportation will be high than expectation.

CPT is most commonly used in shipment by air. On the HAWB marked freight Prepaid.

Changing FOB to CPT like a monster for seller. Many companies couldn't survived forward or kept stand exists because of many shipment were changed from collect to prepaid, especially for a company who had a product heavy enough, such as shoes.

So that keep your production rush to meet buyer requirement in product and productivity. Avoid CPT or prepaid.

CFR Trade Term in Business Practice

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CFR stands for Cost and Freight. This is one of trade terms can seller or buyer use on their international trade. This trade term means seller arranges the carriage, and the risk transfer when the goods were loaded onto the ship. The cost from seller to port destination under seller's responsibility.

So that buyer has to arrange the Insurance. But, it depends on buyer definitely, if they do not worry about the risk of the goods during the shipment, maybe they will not think the insurance.

Both CIF and CFR are well know in business nature, means when a seller or buyer talk about CIF or CFR they usually know the term and condition.

So that don't worry to take CFR term.

If you ask me about "which one is popular between CFR and C&F ?" My answer is C&F is the word most common in business practice. My boss also knows about C&F well, and doesn't for CFR instead.

On billing from a courier company stated C&F instead of CFR. So that I think the C&F is more famous than CFR here. But, in fact both C&F and CFR have the same term and condition.

Which one you will use on your business, CFR or C&F?