Clean Report Of Findings

Summary of Clean Report Of Findings

A document issued by a recognized inspection agency certifying that certain merchandise has been examined and found to be in order. This document may be required by a letter of credit or stipulated by the exchange control authorities of certain governments. The object of the report is to ensure that the merchandise has been inspected prior to shipment by an independent third party who is satisfied that the goods conform to the buyer's specifications.

(Main Author: William J. Miller)

Clean Report of Findings in International Trade

Meaning of Clean Report of Findings, according to the Dictionary of International Trade (Global Negotiator): A document issued by a pre-shipment inspection agency engaged by importer's country, indicating that the relative shipment conforms to the criteria established by the government. Typically, pre-shipments inspections cover price verification and physical inspection of the goods to determine that they conform in quantity, quality, and kind to importation approval. See also certificate of inspection; pre-shipment inspection.