SWIFT codes are unique 8-11 character codes used by banks worldwide to identify a bank and its branch. These codes facilitate international money transfers and are essential for banks to exchange messages with each other. When it comes to payment options in export trade, buyers and sellers have several choices. These include Advance Payment, Letter of Credit (L/C), Documentary Collection, and Open Account. Choosing the right payment option is crucial to ensure a smooth transaction.

A Proforma Invoice is a preliminary invoice sent to the buyer before the actual goods are shipped. It outlines the goods, their value, and the terms of sale. This document is not a legal document but serves as a commitment from the seller to provide the goods and the buyer to pay for them. It is useful for customs clearance, obtaining an import license, and obtaining foreign exchange. The Proforma Invoice should include the description, price, total value of the goods, payment and delivery terms, shipment details, and the buyer and seller's names and addresses.

A commercial invoice is a legal document used to determine customs duties, taxes, and other fees. It provides details of a shipment and serves as a bill for the goods sold by the exporter to the importer. The commercial invoice should include the names and addresses of the buyer and seller, date and place of the shipment, description of the goods, including quantities, unit prices, and total value, terms of sale and payment, any applicable shipping and insurance costs, incoterms used in the transaction, country of origin of the goods, any applicable discounts or deductions, and the signatures of the buyer and seller (or their authorized representatives).

A price quotation, also known as a sales quotation or a quote, is a document that provides a detailed breakdown of the costs associated with a product or service. It includes the product or service being offered, the quantity and price, any applicable taxes or fees, and the payment terms and conditions. Price quotations are used by businesses to provide potential customers with an estimated price for a particular product or service.

COA or Certificate of Analysis is a document that certifies the quality and purity of a particular product. It includes the product name, batch or lot number, date of manufacture, expiration date, and results of testing performed on the product. A COA is often required by regulatory agencies to ensure the safety and efficacy of products that are intended for human consumption or use.

MSDS or Material Safety Data Sheet is a document that provides information about the physical and chemical properties of a product or substance, as well as potential hazards associated with its use. It is used in industries and workplaces to ensure safety and compliance with regulations.

DG cargo or Dangerous Goods cargo refers to items or substances that may pose a risk to health, safety, property or the environment when transported. Such items must be handled with care, and specific regulations must be followed during transportation.