Provisions on transshipment ports (places) in foreign trade contracts

By Ultraman

(1) The method of stipulating the transshipment port (place) in the contract. In the process of international cargo transportation, due to geographical reasons or according to the wishes of the parties concerned, the goods need to be transshipped at certain ports or other places. In this case, the international sales contract or the relevant transportation…

Foreign Trade Transaction Terms DAT

By Ultraman

DAT stands for Delivered at Terminal…. (named terminal at port or place of destination) Delivery at a designated port or destination means that the seller delivers the goods to the buyer after unloading them at the designated terminal at the designated port of destination or destination. “Terminal” includes any place, whether agreed or not, including…

Characteristics of ocean transportation

By Ultraman

Sea transport (or Ocean Transport) is the most commonly used and most common mode of international cargo transportation. The cargo transportation volume of ocean transport accounts for about 80% of the total international trade cargo transportation volume. The reason why ocean transport is widely used is that compared with other modes of transportation, it has…

Conversion of prices of export commodities between different currencies

By Ultraman

(1) Conversion between foreign currencies and RMB After we quote the price in RMB, if the importer requires payment in RMB, the conversion should be based on the bank’s selling price. The conversion formula is: RMB quotation = foreign currency quotation x bank selling price / 100. For example, if the original quotation is USD…

Delivery time in foreign trade contracts

By Ultraman

1. Shipping Period and Delivery Period (1) Shipping Period (Time of Shipment): refers to the period specified in the sales contract for the seller to ship the goods at the place of shipment. Under the symbolic delivery method, such as trade terms such as FOB, CFR, CIF, FCA, CPT and CIP, “Shipping Period” can also…

Export commodity quotation skills

By Ultraman

1. Quotation techniques (1) Comparative method: You can use comparative method to quote the price. For example, for the same style, list the prices of different materials or brands. (2) Graphical method: Use graphic and text method. (3) Analytical method: From the customer’s perspective, analyze the origin of the price. (4) Decomposition method: Decompose the…

Adjustment of export commodity prices

By Ultraman

1. General principles for adjusting prices After determining the basic price, the price should also be adjusted based on national and regional policies, the company’s purchase and sales intentions, changes in market conditions, competitors’ prices, and other transaction conditions in the contract. Many transaction conditions, such as trade terms, commodity quality, quantity, packaging, trademarks, transportation…

Air transport carriers and rates

By Ultraman

(1) Air transport company An air transport company is the actual carrier in the air cargo transportation business. It is responsible for handling the transportation from the departure airport to the arrival airport and is responsible for the entire transportation process. (2) Air freight forwarding company An air freight forwarding company can be the agent…

Ocean transport methods

By Ultraman

Ocean transport is mainly divided into liner transport and charter transport according to the mode of ship operation. (1) Liner transport Liner transport is also called regular transport. It means that the carrier accepts the consignment of many consignors, loads multiple batches of goods belonging to different consignors on the same ship, and sails between…

Export profit and loss accounting

By Ultraman

The profit and loss of foreign trade enterprises is an important indicator for assessing the management level of foreign trade enterprises. In order to control losses and increase profits, my country’s foreign trade enterprises must do cost accounting for the goods to be exported before trading. The so-called cost accounting is to compare the investment…