Reyansh Goswami

The termo de compromisso is required for import and for export and is related to the Central Bank supervision of exchange controls. It is a document issued by the commercial bank of the importer/exporter, which needs to be submitted to customs, in which the bank confirms that the importer/exporter is their client and that the bank commits to sending the required documentation to the central bank relating to the import/export operation.

The clearance through the private license on imported and exported goods only for the imports of the company itself, whose invoices are written in the name of the company or institution or one of its branches. The general license can clear all the imported and exported goods regardless of the name of the importer or exporter registered on the invoice.

TEU – for twenty-foot equivalent unit – is the standard measure of a ship’s cargo carrying capacity. The basis for the TEU is the multimodal shipping container, which is 20 feet long, 8 feet wide, and 8½ feet tall. One TEU can generally accommodate from 9 to11 pallets.

A physical check is a check on food which may include checks on:

• the means of transport
• packaging
• labelling
• temperature

Sampling for analysis and laboratory testing may be done and any other check necessary to verify compliance with food law.

To price your product for export, you would normally start with cost of production. Allow for special designs, special runs, modification and costs necessary to produce a marketable product. Rather than using your normal administrative cost, it is much better to add a direct export administrative cost, which may include representative’s commissions, direct cost for attorneys, freight forwarders, accounting, telephoning, mail, labor, etc. Some costs for exporting will be less than for domestics sales and some will be more. When you quote a price to your customer, you want to be sure there is reasonable profit margin left for you.