Who gets benefits from this website?

   The information provided here is part of Export Import Online Tutorial   Who is benefited by this web blog, www.howtoexportimport.com 1. Any one who is interested to start an export import business.   2. Any one who is interested to learn international trade of export and import.   3. Employees or management who have been working with import export companies.   4. Employees or management who have been workin

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Why prefer exports?

 The information provided here is part of Import Export Training online 1. A country’s international  financial strengthness  determines on the basis of favorable balance of trade. It happens when export is more than import. Foreign exchange earnings will be more in a favorable balance of trade. So the wealth of a nation increases while earning foreign exchange. 2. Government supports: While supporting to increase foreign exchange inflow to a country, governme

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How to overcome Negative thoughts in export business

  The information provided here is part of Online Export Import course  Complicated?: Some of you may think that export business is too complicated with many formalities. Although there are some extra formalities than the regular domestic business,  export business is too easy to handle with the said formalities, once you entered in to the trade. Compared to the benefits which you are going to enjoy, we can not call these formalities as a complication.

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How to Choose a product for export business

  The information provided here is part of Online export import training guide   Learn Exports Imports Free, Click here   How to select a product for a new Export Business? In this article I would like to enlighten some information about choosing a product for export.      Choosing a product plays very important role before starting any business especially for export business. I will give some tips to choose your export pro

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How to send export samples to foreign buyer? Tips to send samples to foreign buyer

  The information provided here is part of Online export import business guide course   How to send export samples to foreign buyer?   Some of you may need a support on procedures to send export samples to your buyer at foreign country. Sending export samples is a simple procedure under export and import.   Can I get cost of export sample from foreign buyer, if value of product is high? Can we get reimbursed on the cost of courier to send export samples?

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What is Ex-factory terms in Imports and Exports

 The information provided here is part of Export Import Online Tutorial In this article, I will explain about Ex Factory Price used in any business, especially in Export and Import business.  What is Ex Works cost? Is Ex-works and Ex-factory same under delivery terms in an international trade? How does Ex Works terms of delivery work?   Ex works price and Ex-factory price are on of the same term. Ex factory or Ex works term is one of the delivery terms u

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Is Letter of Credit LC safe for an Importer?

    As we know, Letter of Credit is operated based on the guidelines governed by the rules and regulations of UCPDC 600 (Uniform Customs and Practice for Documentary credit 600 which came in to effect as on July 1, 2007. In a letter of credit, the buyer’s bank guarantees payment of proceeds to the seller through his bank against presentation of documents as per the terms and conditions of Letter of Credit. We have discussed about the safety of letter of credit for

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How to settle dispute in International Business of Import and Export

  The information provided here is part of Online export import training guide  DISPUTE SETTLEMENT IN EXPORTS AND IMPORTS BUSINESS Litigations and Arbitration in Export and Import Business. I hope this article helps all traders in a business especially those who are in to Import Export business - how to handle disputes in import and export trade? I sell goods to you, you buy them, you pay bill, you use my goods. Simple. Both are happy. Right? Bu

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Define Documents against acceptance (D/A).

Documents against Acceptance (D/A)   Documents against Acceptance are another term of payment in international payment. The Documents against Acceptance (D/A), depend on an instrument broadly used in international trade called a bill of exchange or draft. Under this, transaction utilizes a time draft or Usance (It is the allowable timeframe, allowed by custom, between the date of the bill and its payment) i.e, the Exporter allows credit to Importer. The importer is required

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Documents against Payments - D.A.P or D/P

What do you mean by Documents against Payments in International Trade?   Documents against Payment – DP/DAP is a term of payment in international trade. It relies on an instrument generally used in international trade called a bill of exchange or draft. In this term, the documents under consignment are delivered to buyer/importer only after collecting payment of goods by buyer’s bank. The exporter ships the goods and submits Shipping documents to importers Bank wit

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What is a Letter of credit in International Trade?

Letter of credit (LC) Letter of credit is a type of payment term opted by importers and exporters. Letters of credit (LCs) are one of the most secure instruments accessible to international traders. An LC is a commitment by a bank on behalf of the buyer that payment will be made to the exporter, provided that the terms and conditions stated in the LC have been met, as confirmed through the presentation of all required documents. In other words, we can explain that a Letter of Credit is

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What is an Advance Payment in International Trade?

Explain an Advance Payment. Advance Payment is a payment done by an importer to the exporter before shipment. This method is most beneficial from exporter perspective as he receives funds in advance. The payment may be received either as soon as the order is confirmed or any time before shipment. The exporter may be willing to impose the term as a pre-condition only when he knows that the goods are in overwhelming demand and the goods are of rare-nature. Advance payments may be also u

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What do you know about a Special Economic Zones or SEZ?

What is a 'Special Economic Zone - SEZ'? Special Economic Zones (SEZ) are uniquely demarcated areas that are treated as foreign territories with regards to trade and tariff laws. We can also define SEZ as, a Special Economic Zone is a specified zone deemed to be a foreign territory inside the country which is subject to unique economic regulations that vary from other areas in the same country. They receive wide variety of special exemptions, relating to taxes, quotas, customs and eve

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What do you know about Deemed Exports?

Deemed Exports Deemed Exports refers to those transactions in which the goods supplied do not leave the country and the payment for such supplies is received either in Indian rupees or in free foreign exchange. In this export, the goods don’t leave the country.  It means the goods supplied need not go out of India to treat them as ‘Deemed Export’. We can say it as inter-state trade. Then the supplier in India receives the payment for the goods in Indian currency

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What are Project exports?

Who is a Project exporter?   There are many professional companies undertake contracts for Designing, manufacturing, supply, erection, commissioning, etc. When they earn foreign currency on their sale, they falls under Project exporters and eligible of all assistance and support as project exports. It has an important place in India's export portfolio.

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Who is a Service Exporter?

Service Exporter   Service Exporter is an exporter who exports the services where we can’t see the product physically, i.e, intangible products. We can explain service export simply as, any service provided by a person in one nation to people or companies from another. Service exports are an important emerging trend in global trade. There are many servicing industry where we cannot see the product physically, but helps to earn foreign exchange like Tourism, Software, Healt

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Who is a Manufacturer Exporter?

Define a Manufacturer Exporter.   "Manufacturer Exporter" implies a person who manufactures goods and exports or intends to export such goods. In other words, Manufacturer exporter is the person who export the goods made by him. Here, the manufacturer exporter procures the export order and exports in their own name.  They won’t need any intermediates for exporting. The main advantage is, Manufacturer exporter can easily prepare the sample as per requirement of the import

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Tips for Merchant Exporters

Some Important points to become successful in merchant export business. Merchant Exporter means a person involved in trading activity and exporting or intending to export goods.They do not have their Manufacturing or Processing facility and source the product from others and exports.    Some tips for potential merchant exporters: Study about the product you intend to export that includes features of the products, its technical specification, variety of the product and

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