Imagine trying to work with an importer who can only speak one foreign language to you. It is not surprising that there are misunderstandings, given that the two parties have different language rules. Incoterms® 2010 is a common language or standard set of rules for exporters and importers that allow them to communicate and understand each other. Licenses and authorizations. Please indicate whether the export transaction requires export or import certificates and the responsibilities and fees that are required to be obtained. Import certificates can be difficult to obtain in the buyer`s country. Payment terms: amount, mode and currency. When indicating different payment terms, the exporter must indicate whether the prices are based on the current exchange rate of the national currency or on the basis of another currency (for example. B dollar). Also address payment terms for exchange rate fluctuations. Chapter 5: The terms of the export transaction 75 for the financing of export sales should be discussed during contract negotiations. Common export documents include change; Commercial bills and other invoices Bill of Lading or Air Bill Insurance policy and accrediting credits.
The main parties to export and import operations are the exporter, importer and carrier. ExporterA person or organization that sells goods and services from their home country abroad. the person or establishment that ships or transports the goods out of the country. The importerA person or organization that sells products and services from other countries. the person or entity that buys or transports goods from another country to the importer`s country of origin. CarrierThe unit that handles the physical transport of goods, z.B UPS, FedEx and DHL. is the unit that manages the physical transport of goods. The world-famous airlines are United Parcel Service (UPS), FedEx and DHL. Why is so much paperwork related to the export of goods? The number and types of documents the exporter must provide vary depending on the destination and the type of shipment.
Since each country has its own import rules, the exporter must ensure that the documents necessary for the delivery of goods for customs clearance to another country are specified in advance. The best way to ask the foreign importer is to know what documents are required in their country for the current import and verification requirements. The export declarationDocument containing the contact information of the exporter and importer (i.e. the buyer) as well as a complete description, the reported value and destination of the products shipped. customs and port authorities. The statement contains the contact information of the exporter and importer (i.e. the buyer) as well as a description of the shipped items used by the CPB to verify and control the export. The government also uses this information to compile statistics on exports from the country. Discounts and commissions. Specific amount of the discount or commission to be paid and by whom (by the exporter or by the importer).
Determine the basis for calculating the commission to be applied and the applicable rate. Reduction or commission rates may or may not be included in the export price agreed by the exporter and importer. The number of exports worldwide has grown from less than $100 million after the Second World War to more than $11 trillion today.
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