The world is coming closer day by day with the aid of technological advancement. There are huge openings of new opportunity especially to small and medium businesses to cater to anyone across the globe. As an exporter, finding buyers for your product can be the most difficult challenge in your business, particularly when you are… Read More »
International trade is an unavoidable part of each country’s economy. The development of Information and Communication Technologies (ICT) has resulted in converting the whole World into a Global Village, where the distance is not a barrier for trading. To succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their… Read More »
High Sea sales (HSS) is a sale carried out by the actual consignee (ie, the consignee shown in the Bill of Lading) to another buyer while the goods are yet on high seas or after their dispatch from the port of loading (POL) and before their arrival at the port of discharge (POD). You can learn about all export-import documentation and procedure from a well-known… Read More »
Ex-works terms or ex-factory terms are commonly been used in the business of import and export. Understanding these terms is important to undertake any import/export business from any country successfully. Ex-factory price means, the selling cost of goods from Seller’s factory. If a buyer agrees to ex-works terms, he/she would be liable to undertake all… Read More »
Generally, an export transaction would begin with buyer requesting for quotation form to the seller. Quote serves as a promise in form of a formal statement by the seller that he would provide the product at a specified time and price. Seller would be presenting the quotation in proforma invoice form. The seller needs to… Read More »