What is the transmission letter?

Portable letters are documents commonly used in the world of international trade. The permeable letter is used as an official document to outline details of the transport of securities. Information about the nature of the purchased securities together with relevant data on actual means of transport is included.

The typical transmission letter describes the content of the shipment in sufficient details that the identification and verification of the supplied securities can be easily performed. At the same time, the letter will include information about who sends securities and who is to receive a security shipment at the time of the transfer.

It is not uncommon for the transfer letter to provide information on the departure date for the shipment, the name of the carrier or the courier deals with the shipment process, and the expected delivery date for the shipment. Details may also include the transport or tracking of the number that allows the buyer and seller to monitor the progress of transport at the time of transport.

One of the main features of the transmission letter is to provide a picture of the transaction that has happened. While they rarely include information on the purchase price of the securities involved, the letter will include the number of units that are included in the transport. Detail will also often provide a brief description of security data, which will facilitate the content of the consignment to be verified by legal authorities at the points of departure and entrances along the transport route.

The use of a transmission letter is common for many types of international trades. Together with the use of a security shipment, a letter of transmission is often accompanied by the Act on Conosors for goods that are sold to the delivery in another country. The added level of details can help facilitate processing at various customs checkpoints to prevent unnecessary delay in the delivery of goods.