Export Contracts:
Buyers and sellers have to settle on issues like price, mode of payment, delivery of goods or the possession of goods in all types of sales and purchase. For example, when we go to the market and buy something, there is an understanding at work between both parties, because the payment and [...]
When trying to setup an export business (especially one that’s intended to be operating at small scale), one has to make some vital decisions. One of them is deciding on a method for collecting payments from an overseas party. Ideally, as an exporter you’d like to collect payment in advance, but advance payments [...]
In international export, it may take several days, even weeks before the products reach to the customer, after being dispatched by exporters. Being an exporter, it’s your responsibility to package all exporting items in a way that your customers will acquire them in excellent condition. Apart from protection; packaging is also used for [...]
Communication is crucial in international import & export, where both buyers and sellers are located a long way away, there’s every chance of misunderstanding in the interpretation of various terms used in contracts and agreements. These confusions and misapprehensions can cost one or both parties, dearly. What sounds pretty simple and straight-forward to [...]
Tariff and non-tariff barriers can affect your export business. In most countries, the governments impose these trade barriers and the general purpose behind them is to limit (or sometimes totally ban) the imports of some specific product. By imposing trade barriers, the governments are looking to achieve some or all of these economic [...]
When you mark some potentially lucrative export market and decide that it’s worth giving a try. You need to make a very important decision, which is to decide on what exporting method are you going to use, in order to make inroads into that market? This decision is crucial for many reasons. For [...]
In order to supply their products to the customers, wholesalers and trade suppliers have to choose among various shipment methods. They normally consider some factors before settling on the shipping mode. These factors are
Business Size
Cost
Safety
Delivery Time
Goods to be delivered
A shipment method will be evaluated by following characteristics.
Speed
Cost
Safety
Convenience
Different methods have different positives and negatives. [...]
If your export business is performing well in domestic market for some time, you should be thinking of expanding it to the international market. Not only it can provide you with more profits but selling more units will also help in bringing down the cost per unit. Reaching out to global markets can [...]
