Preview for management approval. Items in [brackets] are completed or removed before launch.
Business CircleInternational (Private) Limited

Import and export

Imports on a buyer’s order

The trade term, the named place and the payment method are agreed in writing for each order.

Illustration of a container ship at a quay beneath a gantry crane
Illustration. Ocean freight and port handling are carried out by shipping lines and terminal operators, not by the company.

The route

IMPORT ROUTE · SCHEMATIC, NOT TO SCALE Source sitePort of loadingOcean freightKarachiIslamabadBuyer’s site United StatesUnited StatesPort of dischargeRegistered officePakistan AFFILIATE Scanning, match marking,dismantling, packing, export preparation CARRIER AND INSURER Shipping line or freight forwarder;marine insurance where the term requires BUSINESS CIRCLE INTERNATIONAL Quotation, order, documents and delivery;clearance through a licensed customs agent
Schematic, not to scale. Each stage shows who is responsible for it.

Trade terms quoted

Incoterms 2020
TermNameWhat it means for the buyer
FOBFree On BoardNamed port of shipment. The buyer arranges freight and insurance.
CFRCost and FreightNamed port of destination. Freight is in the price; insurance is the buyer’s.
CIFCost, Insurance and FreightNamed port of destination. Freight and minimum insurance cover are in the price.
DAPDelivered at PlaceNamed place in Pakistan. Import duties and taxes are the buyer’s.
Delivered price in rupeesA local supply by the company as importer. Duties and taxes are in the price. This is not an Incoterms rule.

Terms are used as defined in Incoterms 2020, published by the International Chamber of Commerce.

Shipping and clearance documents

  • Commercial invoice and packing list
  • Bill of lading
  • Certificate of origin
  • Insurance certificate, on CIF terms
  • Import declaration, lodged through Pakistan Single Window by a licensed customs agent
  • For machinery: the marking list tied to the packing list

Payment terms

Letter of credit, advance against proforma invoice, or cash against documents. The method is agreed order by order and follows the foreign exchange rules that apply to the buyer’s bank.

Status

Pakistan Single Window subscription: [status to confirm before publication]. Exports are within the company’s objects. No export programme is in place yet.