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Trade Essentials

Introduce various basic foreign trade knowledge to you.

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Must-read for foreign trade beginners: Complete analysis of shipping process and detailed explanation of bill of lading copies and telex release

2025-05-26

This article provides a complete analysis of the shipping process for foreign trade beginners, explaining the validity of bill of lading copies, telex release operations, and division of responsibilities under FOB terms, helping novices clarify processes and successfully complete export business.

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Beginner’s Guide to ASEAN-10: How to Easily Check HS Codes?

2025-05-22

Using white chocolate HS codes as an example, this article details steps to query unified ASEAN HS codes via Vietnam Customs’ official website. It outlines the China-ASEAN Free Trade Agreement’s context and trade advantages, helping export newcomers quickly master HS code queries and seize ASEAN market opportunities.

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Export Cost Calculation: Is Your Quotation Undercutting You?

2025-05-22

This article discusses export cost calculation, exploring whether pricing based on actual costs (purchase cost minus tax rebates) is reliable, especially in highly competitive industries like packaging bags, while sharing practical advice and real-world experience.

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Components of Export Cost Accounting

2024-08-27

Export cost accounting is a systematic analysis of all costs of foreign trade enterprises to determine appropriate quotations and assess risks. This process involves the calculation of direct and indirect costs, logistics, taxes, customs fees, and other related expenses, which helps enterprises formulate export strategies and achieve profitability.

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Eight Common Foreign Trade Payment Collection Methods

2024-08-14

The following are eight common foreign trade payment methods: T/T Telegraphic Transfer, L/C Letter of Credit, D/P Documents against Payment, D/A Documents against Acceptance, O/A Open Account Payment, Escrow Service Confirmed Payment, Paypal Online Payment, Western Union Express Remittance.

Problems and Countermeasures of Excessive Packaging in Import and Export

2024-11-06

Exploring the impact of excessive packaging on import/export enterprises and response strategies, including compliance with international regulations, promotion of green packaging design, and technological innovation.

Trade Terms | The Meaning of CIP, the Difference from CIF and Precautions for Use

2024-11-06

Understanding the meaning of the CIP trade term, the difference from the CIF term, and the precautions for using CIP is crucial for ensuring clear contract terms and the smooth progress of transactions in international trade.

Essential for Foreign Trade! Understand Customs Supervision Codes such as 9710 and 9810

2024-11-06

Are you confused about different customs supervision codes during foreign trade? What exactly do codes such as 9710, 9810 represent? How to choose the appropriate supervision method? This article provides a detailed interpretation of various customs supervision codes to help you easily cope with export challenges and ensure smooth customs clearance!

Suggestions for exports to Chile and Chilean customs regulations

2024-11-05

The article details the development of China - Chile economic and trade relations, export suggestions, and Chilean customs regulations

Full Process and Precautions for Customs Cargo Declaration

2024-11-05

This article will provide a detailed interpretation of the basic requirements, specific procedures, potential issues, and solutions for cargo declaration. Understanding and mastering the basic requirements and procedures of cargo declaration can help enterprises avoid unnecessary troubles in international trade and improve cargo clearance efficiency.

Payment Methods of Chilean Customers and Prevention of Delayed Payment

2024-11-05

In China, when an enterprise receives a remittance from overseas, if it does not have a foreign exchange account, the bank will exchange the foreign currency into RMB for the enterprise according to the exchange rate of the day and transfer the RMB into the enterprises account. The enterprise needs to complete the declaration and verification through the export foreign exchange collection network verification system. The methods of foreign exchange settlement include mandatory foreign exchange settlement, voluntary foreign exchange settlement and quota - based foreign exchange settlement. Among them, mandatory foreign exchange settlement is the mainstream, some enterprises can implement quota - based foreign exchange settlement, and individuals mainly adopt voluntary foreign exchange settlement.

How to Deal with the Risk of Delivery without Bill of Lading under FOB Terms?

2024-11-05

FOB is a common delivery method. However, in recent years, there have been many cases where the buyer colludes with the freight forwarder, resulting in the risk of delivery without bill of lading, leaving the seller without both money and goods. So, how to deal with this risk and protect ones own rights and interests?

Enterprises Face Commodity Classification Disputes and Coping Strategies

2024-11-05

Disputes over commodity classification are not uncommon in international trade. However, through in - depth research, effective communication with the customs and adoption of correct response strategies, enterprises can avoid unnecessary tax disputes and additional tax expenditures.

Import Process and Precautions for Second - hand Equipment

2024-11-05

Different delivery methods mean different rights, responsibilities, risks and cost sharing. This article will deeply explore the characteristics, applications and matters needing attention in actual operation of three delivery methods: FOB, CIF and CFR.

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