Cost composition and application of new tools in foreign trade transactions

The price of foreign trade goods has a unique pricing method. The vast majority of foreign trade transactions are conducted through ocean transportation. In order to facilitate pricing between buyers and sellers, seaport terminals are usually used as the delivery point for goods and the price is calculated accordingly. In addition, the process of transporting foreign trade goods from the factory to foreign customers involves a variety of complex costs. At the same time, with the development of Internet technology, the foreign trade field has also begun to try to use new tools to improve work efficiency. For example, the emergence of Linkedines has provided many conveniences for foreign trade practitioners.

Cost structure of foreign trade goods

The cost structure of foreign trade goods mainly includes the following parts:

1. Ex-factory price of the product.
2. The cost of applying for inspection by the Import and Export Commodity Inspection and Quarantine Bureau and issuing a quality certificate is the commodity inspection fee.
3. The cost of declaring exports to China Customs is the export declaration fee.
4. The cost of renting a container for loading and transporting to the Chinese seaport terminal and various miscellaneous charges incurred at the Chinese terminal.
5. The freight cost of shipping to foreign seaport terminals by ocean-going cargo ships, that is, ocean freight.
6. Insurance premium for international cargo transportation insurance.
7. Miscellaneous charges for unloading containers at foreign terminals and other terminals.
8. Declaration of foreign customs import fees, that is, import customs declaration fees and sometimes import duties.
9. The cost of transporting goods from foreign seaport terminals to the customer’s designated location.

In addition, since the collection of payment needs to go through the bank, the bank will also charge a certain handling fee.

Application of new tools: Linkedines

Function of Linkedines

1. Customers search with precision.
2. One-click loading of friends.
3. Send messages in bulk.
4. Export information with one click.
5. Interaction in circle of friends.

Learning to use Linkedines can help foreign trade practitioners achieve better results in exploring markets, developing customers, and promoting products.

Register Linkedines

No download is required to register for Linkedines, you just need to search www.linkedines.com on the website. Then, use your mobile phone number to enter the webpage with one click and register. Don’t forget your password. “LinkedIn” can be found in the left navigation bar of the Linkedines homepage. Finally log in to your LinkedIn account and the binding is successful.

To sum up, the costs involved in foreign trade transactions are complex and diverse, and require practitioners to master them in detail; and the emergence of new tools such as Linkedines has provided foreign trade practitioners with a more convenient way of working.