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International Trade Basics

Knowledge 9 articles
The fundamentals every exporter needs: trade terms, contract clauses, quoting and settlement methods, and the documentation system.
The 11 Incoterms 2020 Rules: Who Books, Who Pays, Who Bears Risk International Trade Basics The 11 Incoterms 2020 Rules: Who Books, Who Pays, Who Bears Risk Trade terms answer only three questions: who books, who pays, and at what moment risk trans… 1 Minutes10-12 Liability Boundaries of FOB, CIF and DDP: Understand Them in One Table International Trade Basics Liability Boundaries of FOB, CIF and DDP: Understand Them in One Table These three terms are the most used and the easiest to confuse. Look at booking, payment, i… 1 Minutes10-12 9 Clauses an Export Contract Must Spell Out International Trade Basics 9 Clauses an Export Contract Must Spell Out An export contract is not feared for being long but for missing items. These 9 are baseline… 1 Minutes10-12 Quotation Sheet and Proforma Invoice (PI): How to Issue Them and What to Write International Trade Basics Quotation Sheet and Proforma Invoice (PI): How to Issue Them and What to Write A quotation sheet is for negotiating price; a PI is proof of the deal. Different uses, and … 1 Minutes10-12 The Three Main Payment Methods in International Trade: How to Choose T/T, L/C and D/P International Trade Basics The Three Main Payment Methods in International Trade: How to Choose T/T, L/C and D/P The core of a payment method is who concedes first. Which one to choose depends on your lev… 1 Minutes10-12 What a Complete Set of Export Documents Includes: From Commercial Invoice to B/L International Trade Basics What a Complete Set of Export Documents Includes: From Commercial Invoice to B/L Export is not finished once you hand the cargo to logistics. Documents are the basis for cu… 1 Minutes10-12 Letter of Credit (L/C) Process and the 5 Most Common Discrepancies International Trade Basics Letter of Credit (L/C) Process and the 5 Most Common Discrepancies The only standard for L/C payment is document compliance. Meet it and the bank pays; fail i… 1 Minutes10-12 Cost Structure of a Foreign Trade Quote: From Ex-Works to CIF International Trade Basics Cost Structure of a Foreign Trade Quote: From Ex-Works to CIF Quote too low and the more you do, the more you lose. Lay out each cost item and add them u… 1 Minutes10-12 Samples, MOQ and Bulk Orders: How a Foreign Trade Order Moves Forward Step by Step International Trade Basics Samples, MOQ and Bulk Orders: How a Foreign Trade Order Moves Forward Step by Step From sample to bulk order, every step in a foreign trade order has its purpose. Skip one an… 1 Minutes10-12
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