Pre-shipment inspection
Also called: PSI · inspection certificate
An inspection of goods in the exporting country before shipment, carried out by an independent inspection company, to verify quality, quantity, price or classification. Some importing countries require it by law, and buyers often require it by contract or under a letter of credit.
In practice
Where an importing country requires PSI, goods shipped without the certificate can be refused clearance or fined.
EU
Türkiye
UK
USARelated terms
- Letter of credit
- A payment undertaking by a bank, issued at the buyer's request, to pay the seller when it presents documents that strictly comply with the credit's…
- Commercial invoice
- The seller's bill to the buyer, showing parties, goods description, quantities, unit prices, currency, delivery term and payment terms. Customs uses…
- Tariff classification
- The process of determining the code under which goods fall in a customs tariff, applying the legal texts, interpretative rules and published…