The process of exporting goods mainly includes: quotation, ordering, payment method, inventory, packaging, customs clearance procedures, shipment, transportation insurance, bill of lading and foreign exchange settlement.
Quote
In the process of international trade, the first step is the inquiry and quotation of products. Among them, the quotation for export products mainly includes: product quality grade, product specification and model, whether the product has special packaging requirements, the quantity of the purchased product, the delivery time requirement, the transportation method of the product, the material of the product, etc. . The more commonly used quotations are: FOB delivery on board, CNF cost plus freight, CIF cost, insurance plus freight, etc.
Order
After the two parties of the trade reach an intention on the quotation, the buyer’s enterprise formally places an order and negotiates with the seller’s enterprise on some related matters. In the process of signing the “Purchase Contract”, mainly negotiate the product name, specifications, quantity, price, packaging, origin, shipping period, payment terms, settlement methods, claims, arbitration, etc., and negotiate the agreement reached after the negotiation. Write in the Purchase Contract. This marks the official start of the export business. Under normal circumstances, the signing of the purchase contract in duplicate will be effective with the official seal of the company stamped by both parties, and each party will keep one copy.
Payment method
There are three commonly used international payment methods, namely letter of credit payment, TT payment and direct payment.
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Payment by letter of credit
Letters of credit are divided into two types: bare letter of credit and documentary letter of credit. Documentary credit refers to the letter of credit with the specified documents, and the letter of credit without any documents is called the bare letter of credit. Simply put, a letter of credit is a guarantee document that guarantees the exporter’s recovery of the payment for the goods. It is worth noting that the shipment period of export goods should be carried out within the validity period of the L/C, and the period for presentation of the L/C must be submitted no later than the validity date of the L/C. In international trade, letter of credit is the payment method, and the date of issuance of the letter of credit should be clear, clear and complete.
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TT payment method
The TT payment method is settled in foreign exchange cash. Your customer will remit the money to the foreign exchange bank account designated by your company. You can request the remittance within a certain period of time after the goods arrive.
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Direct debit method
It refers to the direct delivery payment between the buyer and the seller.
Stocking
Stocking plays an important role in the entire trade process and must be implemented one by one according to the contract. The main check contents for stocking are as follows:
- The quality and specification of the goods: should be verified according to the requirements of the contract.
- Quantity of goods: ensure that the quantity requirements of the contract or letter of credit are met.
- Preparation time: according to the provisions of the letter of credit, combined with the schedule arrangement, in order to facilitate the delivery of the cargo.
Packaging
The packaging form can be selected according to the different goods (such as: carton, wooden box, woven bag, etc.). Different packaging forms have different packaging requirements.
- General export packaging standards: packaging according to the general standards for trade exports.
- Special export packaging standards: according to the special requirements of customers, export goods are packaged.
- The packaging and shipping marks (transportation signs) of the goods: should be carefully checked and verified to make them comply with the stipulations of the letter of credit.
Customs clearance procedures
The customs clearance procedures are extremely cumbersome and extremely important. If the customs clearance is not smooth, the transaction cannot be completed.
Some countries need to pay the customs duty to pick up the goods. In some countries, in addition to paying the customs duty, you also need to submit some documents to prove or even the invoice for the purchase of the goods.
However, the specific customs procedures need to be understood by the customer to the customs department. In some countries, we have double-clearance service, that is, our freight forwarder will help with delivery, customs clearance and customs duties, one-stop service, but only for some countries with double-clearance service
Our factory usually only ships after the full payment of the order is completed. Only some old customers who have long-term cooperation and the order amount will be paid in installments.
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