Export: at a Glance. Hangga Fathana Email : hangga.fathana @haef.co.id International Program for International Relations Faculty of Political and Social Sciences. Basic Definition.
International Program for International Relations
Faculty of Political and Social Sciences
Export is any good or commodity, transported from the customs area of one country to the customs area of another country.
Export can be organized by any company that owns legal and administrative documents. These include:
There are two major kinds of COs:
Cusdec or PEB is a customs document used to inform the implementation of export goods. PEB can be made by exporters by using PEB software online. Goods to be exported shall be notified to the Customs using PEB.
Letter of Credit is a document issued mostly by a financial institution, used primarily in trade finance, which usually provides an irrevocable payment undertaking. The letter of credit can also be payment for a transaction, meaning that redeeming the letter of credit pays an exporter.