PSI Services

PRE SHIPMENT INSPECTION

Many governments around the world adopt pre-shipment inspection (P.S.I) schemes, as a way of ensuring fiscal good governance. Shipment must be inspected, in the country of export, before they are allowed to enter the country operating the scheme. The importer is issued with an inspection certificate, which can be used to clear the shipment through the customs. The exporter is also given a certificate, which may be needed for letter of credit transaction. Governments implement such programs to ensure that imports comply with their regulations

Non-compliance with these regulations can mean

1- The loss of valuable duty and tax revenue.

2- The loss of foreign exchange reserves in the country where exchange control exists

3- The importation of substandard or prohibited goods

BENEFITS OF IMPORTER AND EXPORTER

S.A.I. Inspection creates the confidence that shipments comply with specifications agreed between the importer and the exporter as documented on the pro-forma invoice.

S.A.I.certificate which in some cases can be used as Bill of Entry. Enables importers to clear goods rapidly, and reduces the port congestion that can result from inspection of the goods on arrival. S.A.I. certificates are also often used by exporters to release payment through the letter of credit.

P. S. I. PROCESS FOR EXPORTERS

1- Importer declaration

2- Request for information

3- Physical inspection

4- Pricing and tariff coding

5- Preparation of Exporter Certificate

6- Clearance of goods

EVALUATION OF STOCKS.

S.A.I. Supervises loading, Forwarding and stocking operations.

Taking sample from stock to be done regularly and underwriting certificates to be delivered