Reveal the FOB trade terminology: The full risk response strategy of exporters!
5 August 2024
I. Meaning of FOB Trade Terms FOB (Free On Board), also known as free on board or port of shipment, means that the seller (shipper) is responsible for delivering the goods to the designated port of shipment in the contract and completing export customs clearance procedures. The buyer (customer) is responsible for contacting the vessel and bearing the sea freight and maritime risks. The characteristics of FOB include the following...
Customs clearance and storage costs: Avoid additional expenses!
18 July 2024
I. Customs Clearance Fees Customs clearance fees are charges that must be paid after goods arrive at the destination port, regardless of whether the goods are picked up or not. Customs clearance involves customs procedures to allow goods to legally enter the market. These fees typically include: Customs declaration fee Customs inspection fee (if applicable) Customs clearance agency fee Customs clearance fees are not related to the volume or weight of the goods, but rather to the...
Guide to applying for automatic import license for electromechanical products!
July 3, 2024
In recent years, with the continuous development of foreign trade, many companies need to import electromechanical products. However, the import of electromechanical products requires an automatic import license. This article will detail the application process for automatic import licenses for electromechanical products and the materials that need to be submitted, hoping to provide assistance to companies with relevant needs. I. Prerequisites for Business Application When applying for an...
Factory foreign trade and foreign trade companies: Reveal the market win-win strategy!
18 June 2024
In todays increasingly competitive globalized world, factory foreign trade and foreign trade companies, as the two major pillars of international trade, each play an indispensable role. From price advantages to technical support, from market adaptability to customer resources, each party has unique advantages. This article will explore the unique advantages of both in different fields. I. Advantages of Factories I. Price...
Tax rates and logistics options for exporting jewelry
May 16, 2024
Export jewelry business for many of the start-up foreign trade companies may encounter a series of challenges and doubts, especially in the case of the variety of products, market demand varies, how to effectively manage product information, calculate the tax refund rate and choose the right supply chain path becomes an important operating point.
CIF Terms Revealed: Understand the Costs and Responsibilities of International Trade!
23 April 2024
CIF (Cost, Insurance, and Freight) is one of the most common trade terms in international trade and is part of the International Chamber of Commerce’s (ICC) General Terms of Interpretation of International Trade (Incoterms). Understanding and correctly applying CIF terms can not only guarantee the fairness of transactions, but also effectively prevent the possibility of commercial transactions.
Declaration elements and specific requirements for customs declaration
18 March 2024
Customs declaration is an important part of international trade, involving customs procedures for the import and export of goods. An accurate customs declaration can speed up the customs clearance process and avoid unnecessary delays and costs. This article aims to explain in detail the elements and requirements of customs declarations to help import and export companies understand and comply with the relevant regulations. I. Declarant Information When making a...
Detailed explanation of the filling in of foreign trade commercial invoices and the difference between them and proforma invoices
March 13, 2024
In international trade, correctly filling in business invoices is one of the key steps to ensure that transactions go smoothly. Business invoices are not only proof of the sale of goods, but also an important basis for settlement, customs declaration and calculation of tariffs between the buyers and sellers. Form invoices, also known as pre-development tickets, are mainly used to confirm prices and product information at the beginning of transactions. This article will introduce the filling of foreign trade business invoices refers to...
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