Processing of an export order starts with the receipt of an export order. An export order may either in the form of export sales contract, which is concluded and incorporated in the form of a document or in the form of evidence or an instrument evidencing the conclusion of a contract. Simply stated, it means that there should be an agreement, which is mostly reduced in a documentary form, between the exporter and the importer before the exporter can start making arrangements for production or procurement of goods and their shipment.
Generally an export order may take the following forms
- Pro-forma Invoice accepted and signed by the importer
- Purchase Order accepted and signed by the exporter
- Letter of Credit opened by the importer in favour of the exporter