Kuwait Business: Agency Laws and Import Regulations Last updated on
Tuesday 20th April 2010
Only Kuwaiti merchants who are registered members of the Chamber of Commerce may import goods; hence, an exporter to Kuwait must draw up a contract with a member as detailed in the foregoing.
The usual method of payment is the standard letter of credit paid at the moment the goods are sent. However, bank guarantees from both sides can be requested. These take the form of Bid Bonds or Performance Bonds. There are companies in Kuwait which specialize in the inspection of damaged goods.
In order to clear goods from customs, you will need invoices showing the manufacturer's name, the carrier, the price and the net weight. Also needed is a Certificate of Origin signed by the Chamber of Commerce. This must state the name of the manufacturer and the freight forwarder, a declaration that the goods are not produced by t of Israel and does not contain anything made in Israel as well as details regarding the means of shipping the items to Kuwait.
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