-Decree on Import and Export of Goods No. 114/GoL; Vientiance Capital, date 6 April 2011 -Notification on prohibited goods on import or export, No.0973/ MoIC.DIMEX, Vientiane Capital, 25 May 2011; Dr. Nam Viyaket, Minister of Ministry of Industry and Commerce -Quotation for the import of animal feed price: Purchase order and Performa Invoice
-Businesses in Lao are required to hold the following legal documents prior to import and export of their goods to and from Laos: (i) A business license (ii) Official customs certification, and (iii) Import-export license - The import process starts with the negotiation between buyer and seller on goods trade. To this end, the seller proposes a quotation to the potential buyer. The quotation includes, but not limited to: (i) Unit price and total amount, (ii) Product specification, (iii) Means of delivery of goods, (iv) Expected time of delivery of goods, (v) Commercial contract that includes all the terms of payment after receiving goods and other needed trade transaction
1. Conclude Import (buying) contract and trade terms 2. Quote price and terms of trade 3. Determine if quotation is acceptable 4. Confirm intention to purchase 5. Prepare the shipment/delivery of goods and submit Performa invoice 6. Receive Performa Invoice
-Decree on Import and Export of Goods No. 114/GoL; Vientiance Capital, date 6 April 2011 -Notification on prohibited goods on import or export, No. 0973/ MoIC.DIMEX, Vientiane Capital, 25 May 2011; Dr. Nam Viyaket, Minister of Ministry of Industry and Commerce -Performa Invoice -Packing list - Import license -Commercial contract
-Importer and exporter have concluded trade contract and terms
1. Request to Vientiane Livestock and Fishery Division for getting import of animal feed quota and import permission 2. Prepare all evidence of importing documents 3. Request to VCLFD for import of animal feed permission 4. Acknowledge receipt of a request from Importer Documents: Official request to VLFD, Bill of Truck, Commercial Invoice, Certificate of Origin, Contract with Suppliers, Packing list, Shipping Invoice, Technical standard/health certificate
Upon receipt of the request letter from the importer
1. VCLFD sends a letter to the importer expressing interest for farm's site inspection 2. Upon mutual agreement on the date and time, a site visit is undertaken by the VCLFD, VCTD, VCCD 3. Following the site visite, VCLFD and VCTD prepare the import permission certificate stating the annual permitted quota of animal feed import by the farm.
- Decree on Import and Export of Goods No. 114/GoL; Vientiance Capital, date 6 April 2011 - Notification on prohibited goods on import or export, No. 0973/ MoIC.DIMEX, Vientiane Capital, 25 May 2011; Dr. Nam Viyaket, Minister of Ministry of Industry and Commerce - Certification of animal feed importing permission by VCLFD - Purchased invoice - Packing list - Commercial contract - Completed import documents ສບ-3 - Completed import documents IM-8 - Receipts for payment of customs and import fee - Certify of import documents
1. Prepare Import documents, there are mainly (i) Certification of animal feed importing permission by VCLFD, (ii) Purchased invoice, (iii) Packing list, (iv) Buying contract... by importer 2. Certify of import documents by head of custom office at check point for approval 3. Complete Import documents (Form ສບ-3) by importer 4. Checking and approved Import documents (Form ສບ-3) by customs office at the check point; 5. Get approval from immigrant and traffic police at check point 6. Complete Importing form “ບ-53” by the importer 7. Checking and approved by customs head at the check point 8. Complete ASEAN Custom Declaration Documents (IM-8) by importer 9.Submit IM-8 and pay import fee to customs office by importer 10. Check IM-8 and all import documents by customs officer (import document checking officer) 11. Checking and approved IM-8 by customs head 12. Pay customs and import fee by importer 13. Certified import documents by customs head at the check point 14. Acknowledge of update custom declaration by the importer
- Decree on Import and Export of Goods No. 114/GoL; Vientiance Capital, date 6 April 2011 - Notification on prohibited goods on import or export, No. 0973/ MoIC.DIMEX, Vientiane Capital, 25 May 2011; Dr. Nam Viyaket, Minister of Ministry of Industry and Commerce - Certified of import documents - Request for goods inspections - Bill of trucks - Invoice - Packing list - Issue approved Import documents – signed on form ບ-53 for import goods release
1. Request for import goods inspection 2. Inspect the goods by quarantine officers at the border checked point 3. Report of import goods Inspected by quarantine officers 4. Request to head of customs at check point for import goods inspection 5. Inspectors at the border checked point keyed in all import goods into computer 6. Inspect the goods by inspectors at the border checked point 7. Report of goods inspection by customs office at check point 8. Certify of import goods inspection by head of customs at check point 9. Certify of import documents by customs inspector 10. Acknowledge of import of animal feed permitted
- Decree on Import and Export of Goods No. 114/GoL; Vientiance Capital, date 6 April 2011 - Notification on prohibited goods on import or export, No. 0973/ MoIC.DIMEX, Vientiane Capital, 25 May 2011; Dr. Nam Viyaket, Minister of Ministry of Industry and Commerce - Certification of animal feed importing permission by VCLFD - Purchased invoice - Packing list - Commercial contract - Completed import documents IM-4
1. Prepare Import documents and request to Customs Office of lodgment No. 5 for import document clearance by importer; 2. Acknowledge of IM-8 clearance request and allow issue IM-4 for clearance of import documents by the customs office at the Lodgment No. 5; 3. Complete Import documents (Form IM-4) by the importer; 4. Checked IM-4 and all import documents by customs officer at the check point; 5. Checked and approved IM-4 by customs head at the check point; 6. Inspectors at the border checked point clear IM-8 in their computer data base 7. Acknowledge of Import documents clearance by importer
- Decree on Import and Export of Goods No. 114/GoL; Vientiance Capital, date 6 April 2011 - Notification on prohibited goods on import or export, No. 0973/ MoIC.DIMEX, Vientiane Capital, 25 May 2011; Dr. Nam Viyaket, Minister of Ministry of Industry and Commerce - Import documents certification by custom office at check point - Goods transportation checking document (approved form U-53)
2.6.1. Prepare all certified import documents by the importer. 2.6.2. Certify related documents by immigrant police at the check point. 2.6.3. Trucks transport of all goods to destination places. 2.6.4. Traffic police accompanies trucks transport of all goods to destination places. 2.6.5. Acknowledge of receiving import goods by the importer.
- Bank rule - Performa invoice - Application for letter of credit - Letter of credit (L/C)
3.1.1. Request the payment to importer by exporter or the representative based in Vientiane; 3.1.2. Acknowledge of payment request by the importer; 3.1.3. Apply for letter of credit 3.1.4. Consult exporter’s bank by exporter; 1. Consult importer’s bank by importer; 2. the importer's bank will review submitted document and application that request for issue the letter of credit; 3. If all the documents and application accepted, the importer's bank will issue letter of credit and the importer will directly send to both exporter and exporter's bank; 4. The exporter's bank will establish authenticity for the payment transaction and will notice to the exporter about the correct of letter of credit; 5. The exporter's bank will officially notice of authenticity of letter of credit to exporter as the confirmation process; 6. The exporter will check the L/C and determine if L/C is acceptable; 7. If the L/C is accepted, the exporter will confirm of authenticity of the letter of credit and notice to both importer and exporter's bank to proceed the payment; 8. Right after got the authenticity of letter of credit, the importer will officially acknowledge of letter of credit accepted; and prepare for precede the further payment step.
- Bank rule - Certificate of Origin - Commercial invoice - Phytosanitary Certificate - Insurance Policy - Other documents require by L/C
1. The starting of the process was commenced from the preparation of all needed documents called for in L/C by exporter as well as (i) the commercial invoice, (ii) business contract, (iii) letter of credit, (iv) packing list and other relevant documents; 2. later on the exporter will request for the goods payment, by send the request along with all relevant documents to exporter's bank; 3. the exporter's bank reviewed all submitted request document that gained from the exporter; 4. After checked and certified of authenticity, the exporter's bank will forward submitted documents to the import's bank for acknowledgement and proceed the further step; 5. The importer's bank reviewed submitted request document that gained from the exporter's bank; 6. Again, the importer's bank reviewed forward submitted document and determined the authenticity of the documents and notice to the importer for the payment base on exporter's request. 7. If the forward submitted documents gained from the exporter's bank did not fit to the term and business agreed contract, the importer might decline of request to make payment for goods to the exporter through the notice to the importer's bank about the reasons; 8. The importer's bank notified the decline for making payment for goods base on importer's considerations; the process of payments transaction will repeat as described above until all agreed submitted documents were fulfilled according to business contract and condition mentioned on the letter of credit. 9. If all the terms and condition met according to the business contract and letter of credit, and finally, got the certification of the payments from importer the importer bank will transfer the payment to the exporter's bank; 10. The exporter's bank also will transfer the payment to the exporter's account and inform about final payment transaction; 11. Finally, the exporter will acknowledged of receiving the payment through direct telephone call or vise email communication means