The foreign trade industry is facing new competition and challenges. Against this background, foreign trade enterprises need to be more sensitive to market dynamics and flexibly respond to new customer demands to ensure the stable development of their business. 1. Industry bidding is fierce, and response strategies need to be updated In recent years, with…
In the diversified professional field, foreign trade personnel have formed unique professional characteristics due to the particularity of their work. These characteristics are not only reflected in their working methods, but also subtly affect their daily lives. This article will popularize the professional characteristics of foreign trade personnel and explore how these characteristics are reflected…
For foreign trade exports, foreign merchants usually pay for goods in U.S. dollars, so exporters must first open a foreign currency (U.S. dollar) account at the bank. After the account is opened, the bank will give us a document commonly known as the “remittance path”, which records our account name and other bank information. After…
In foreign trade transactions, commercial invoices are not only the basis for settlement between the two parties, but also an important document for customs clearance of goods. However, sometimes customers will make special requests, such as requesting an invoice lower than the actual transaction amount to avoid certain taxes or customs clearance obstacles. Faced with…
Document against Payment (D/P) means that the exporter hands over a full set of documents to the bank and entrusts the bank to collect money from the customer. The bank will notify the foreign merchant to pay and hand over the full set of documents to the customer at the same time as receiving the…
In the field of international trade, foreign trade companies play an important role. However, sometimes we find an interesting phenomenon: the quotations of some foreign trade companies are even lower than those of the actual production factories. What is the reason behind this? This article will analyze the price advantages of foreign trade companies from…
For a new foreign trade employee or a business partner who is preparing to develop new products, understanding product characteristics and grasping customer needs are the first crucial steps. However, facing the situation that the company has a wide variety of products and lacks relevant training, how can we start to understand the products? This…
Good habits should be formed from the beginning when making documents. According to the practice of old foreign trade salesmen, after the transaction is confirmed, the transaction should be filed in time, and the filling content should be sorted out in advance according to the document column, such as customer name and address, goods name…
For settlement by letter of credit, after the letter of credit is issued and arrives at the bank of the exporter (beneficiary of the letter of credit), the bank will make a notification and transfer the letter of credit together with the notification to the exporter. The specific operation of the letter of credit will…
Shipping Company/Shipper’s Statement A document similar in nature and format to the beneficiary’s statement, issued by a shipping company or a shipping company. It is often used to prove that the shipping company meets customer requirements in its carrier operations. Common types include a statement that the age of the ship meets the requirements (for…