Basic obligations of FOB buyers and sellers

By Ultraman

FOB stands for Free on Board… (named port of shipment), which means delivery on board the ship at the designated port of shipment (… designated port of shipment). It means that the seller has fulfilled its obligation to deliver the goods after loading the goods on board the ship at the designated port of shipment,…

Foreign trade delivery method

By Ultraman

Delivery of documents means delivering the documents that meet the requirements to the correct party in the correct manner at the time and place specified in the contract or letter of credit. Usually, documents should be delivered to the bank under the collection and letter of credit payment methods, and should be delivered directly to…

Signing of foreign trade contracts

By Ultraman

In a transaction negotiation, when one party makes an offer and the other party accepts it, a sales contract is signed and the transaction is established, and the buyer and seller form a contractual relationship. The contract is not only the basis for the performance of the contract by both parties, but also the main…

How is the cost of international express delivery calculated?

By Ultraman

①When the actual weight of the items to be delivered is greater than the volume, the calculation formula for international express delivery is: first weight freight + (weight (kg) x2-1) x additional weight freight For example: 5kg of goods are calculated based on the first weight of 150 yuan and the additional weight of 30…

Processing of related expenses of foreign trade samples

By Ultraman

If the customer replies and asks you to send samples, you will face the following questions: Should I send samples? Will there be any charge for samples? How much is the express fee and who will bear it? Will it be paid by the buyer, the seller or both parties? Sample fee: Generally speaking, if…

Methods for following up on key customers of foreign trade inquiries

By Ultraman

The methods for following up with key customers are introduced as follows. ①Be proactive-I believe that only those who take the initiative will have a chance of success. When the customer’s needs are clear, you should reply to the customer’s email within 24 hours (preferably during the customer’s local working hours). If necessary, it is…

Fulfillment of export contracts

By Ultraman

Take CIF as an example to explain the fulfillment process of export contracts. Under the CIF trade term and when the transaction is completed by letter of credit, the fulfillment process of export contracts can be divided into four sections: goods, certificates, ship, and payment. Among them, “goods” refers to the implementation of goods, including…

Classification and quantity of trade terms

By Ultraman

(1) Trade terms are divided into two categories Trade terms are divided from the original four groups of EFCD into two categories: applicable to various modes of transport and water transport . Seven terms applicable to various modes of transport: EXW, FCA, CPT, CIP, DAT, DAP, DDP. . Four terms applicable to water transport: FAS,…

Basic obligations of CIP buyers and sellers

By Ultraman

CIP stands for Carriage and Insurance Paid to… (named place of destination), which means freight and insurance paid to (… designated place of destination). It means that the seller delivers the goods to the carrier designated by it, and must pay the freight for transporting the goods to the destination, arrange for insurance of the…

Foreign trade transaction term DAP

By Ultraman

DAP stands for Delivered at Place (…named place of destination), which means that the seller delivers the goods to the designated place of delivery without unloading the goods from the means of transport, and then delivers the goods to the buyer for disposal, thus fulfilling the delivery obligation. The seller shall bear all risks and…