A commercial export invoice is the most significant document/ paper in international trade. It is a document which is been reviewed by the freight forwarder, an insurance company, transporter, custom officer as well as an international banker. This kind of invoice would reflect details related to the fulfillment of the sales contract and would also… Read More »
With the cash- in- advance payment method, the exporter can avoid credit risk or the risk of non-payment since payment is been received prior to the transfer of ownership of the goods. Cash in Advance is a pre -payment method in which, an importer pays in advance for the items to be imported prior to… Read More »
Research is crucial to any success in import-export business, and it is important not to neglect this phase. In reality, an export exercise gets concluded successfully only after the exporter has been able to deliver the consignment in accordance with the export contract and receive payment for the goods. The fact is that one does… Read More »
Being a beginner into the Export and Import business and doing business without help can be confusing, but luckily, there is a system, which can help to simplify matters and that system is known as Incoterms. Incoterm (International Commercial Terms) is a trading agreement rule adopted by parties of different countries, for make agreements as… Read More »
In the haste to ship the product at its earliest, exporters often, neglect to convey particular instructions to their respective forwarders. This resulting into a disaster/ mess. In order to avoid the error, it is very much important to adopt Shipper’s Letter of Instruction (SLI) norms. Shipper’s Letter of Instruction is an optional document that… Read More »