Documents of Trade

Why are commercial documents used in trade?

  • To enable trade to be conducted on credit basis with regular customers.
  • To enable clear communication and contact between the buyer and seller.
  • Documents allow the customers to compare prices and terms between suppliers of the same goods or services.
  • Having written documents helps to make sure that the transactions are completed successfully without mistakes.
  • To confirm the necessary details of the transaction.
  • Having written documents enable solve problems when disputes between the buyer and seller arises. Document may also be needed for legal evidence or proof in case of disputes
  • The documents are used for accounting purposes
  • Documents are needed for tax purposes
  • Documents are often used by governments to compile statistics
  1. Documents of Home Trade
  2. Terms of payment

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