What is a foreign trade development letter (Marketing Letter)? Foreign trade development letters are foreign trade salesmen sending their company’s products, services, advantages, etc. to potential foreign customers through emails and letters, hoping to establish cooperative relations and common development. After receiving the emails and letters, if the potential foreign customers are interested, they will…
(1) The seller designates a carrier on behalf of the buyer According to the 2010 regulations, the buyer is generally the one who signs the contract to transport the goods from the designated location, and the seller is not obliged to sign a transportation contract. However, if the buyer requests or based on trading practices,…
(1) When do you need to use this function? · When a customer sends us a product but we don’t know its name; · When a customer sends us a product for quotation and we need to find a supplier; · When a customer sends us a product and we need to know the price…
CIF stands for Cost Insurance and Freight… (named port of destination), which means cost, insurance and freight (……designated port of destination). It means that the seller has completed delivery when the goods are loaded on board at the port of shipment. The seller must pay the freight and other expenses required to transport the goods…
CFR stands for Cost and Freight (named port of destination), which means cost plus freight (…. designated port of destination). It means that the seller must pay the normal freight for transporting the goods to the port of destination, but the risk of damage to the goods and the additional costs will be borne by…
When the transaction is concluded under FOB terms, the seller is responsible for paying all costs before the goods are loaded on board. However, there is no unified interpretation of the concept of “loading” in various countries, and the customs or practices of various countries are not completely consistent. If liner transportation is adopted, the…