Posted on 01 June 2022
The information provided here is part of Export Import Training online
After the exploration of information technology, the world is on our finger tips to get any piece of information. However when I went through different subjects on the web, I realized, like every thing in society, internet also carries the good and the bad. I was surprised to note that, I could not find any good quality free tutorial program to enter in a good business especially in
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Posted on 01 June 2022
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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Posted on 01 July 2022
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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Posted on 01 June 2022
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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Posted on 01 June 2022
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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Posted on 01 June 2022
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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Posted on 01 June 2022
Click here to know latest update on Export Benefit Schemes in India
The information provided here is part of Online export import business guide course
4 Different types of terms of payment in International Trade.
If we do not go in detail about definition and deep parameters, I will call this slogan – ‘ Business is money’. Although business man enjoy his day to day life in trade, if a loss occurs in business, everything collapse. So pay
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Posted on 01 June 2022
The information provided here is part of Online Training Course on howtoexportimport
Mechanism of Letter of Credit
LC is a common term used in all trade. When talking of LC, there may have many questions among traders. What is Letter of Credit? How does Letter of Credit work? How many types of LC are there? How do these types of Letter of Credit work? Which type of Letter of credit is safe for Exporter? Which type of LC is safe for
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Posted on 01 June 2022
The information provided here is part of Online export import training guide
Different types of Bill of Lading:
What are the various types of Bill of Lading?
The various types of bill of lading are given below. The details articles about each type of Bill of Lading is written in separate article. The readers may go through each article to have a good knowledge about Types of Bill of Lading and its functions.
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Posted on 01 June 2022
The information provided here is part of Online Training Course on howtoexportimport
How to calculate CBM in LCL export shipments
Method of calculation of CBM under LCL shipment
In this article let us learn Calculation of CBM under LCL sea shipment. Why to measure LCL shipment? How to calculate volume of cargo under sea LCL shipment? What is the importance of calculation of volume of cargo under LCL shipment?
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Ca
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Posted on 01 June 2022
The information provided here is part of Online export import business guide course
MOTHER VESSEL Vs. FEEDER VESSEL
What is Feeder Vessel? What is the size of a Feeder Vessel? How does Feeder Vessel serve? How to differentiate Mother Vessel between Feeder Vessel? What is the capacity of a Mother Vessel? How does Mother Vessel serve? Feeder vessel and Mother vessels are part of vessel carrying network
FEEDER VESSEL
Feeder vessel
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Posted on 01 June 2022
The information provided here is part of Export Import Training online
Documentation procedures on high sea sale.
What are the documentation required und a high sea sale?
I have written a couple of articles about High Sea Sale in this web blog. You may kindly go through the same also to have clear idea about documentation formalities under High Sea Sale – HSS.
Documentation procedures under high sea sale.
All documents need to be mentioned as ‘on
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Posted on 01 June 2022
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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Posted on 12 August 2022
Contents of DELIVERY TERMS as per Rules of INCOTERMS 2020
EXW Ex Works FCA Free Carrier CPT Carriage Paid To CIP Carriage and Insurance Paid To DAP Delivered at Place DPU Delivered at Place Unloaded DDP &n
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Posted on 12 August 2022
CIF – Cost Insurance and Freight (named place)
CIF means Cost Insurance and Freight
CIF under Incoterms 2020 is one of the delivery terms under Marine restricted terms. So it is used for the movement of goods by Sea and Inland water way.
Under CIF term, the seller delivers the goods to the buyer at the named destination port in Buyer’s country. In international trade, the Exporter bears the cost of movement of goods till the Vessel
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Posted on 12 August 2022
CFR – Cost and Freight (named place)
CFR means Cost and Freight
CFR means of delivery terms is used for the movement of goods by sea and inland water ways. CFR terms under Incoterms 2000 are known as Marine restricted mode of delivery terms.
Under CFR term, the seller delivers the goods to the buyer at the named destination port in Buyer’s country. So the cost of movement of goods till Vessel berths at the named destination port is
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Posted on 12 August 2022
FOB – Free On Board (named place) Incoterms 2020
Under FOB term, the risk and costs of movement of goods transfers from Seller to Buyer, once the goods are loaded on the vessel nominated by the buyer. So under an Export Import trade, the obligation of exporter ends, when the goods gone on board the vessel, under FOB terms of delivery. The seller is responsible for the costs and risks involved in packing of goods, pre carriage (local transportation), e
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Posted on 12 August 2022
FAS - Free Along Side (named place) INCO TERMS 2020
FAS Terms of Deliver is one of the marine restricted Inco Terms 2020, thereby preferably used under Sea and Inland water mode of transport.
Under FAS terms, the responsibility of seller transfers to buyer immediately up on placing the goods next to vessel planned by the buyer. So the seller packs the goods and undertakes pre carriage at his on cost and risk and arranges to reach the goods at port of shipment which buye
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Posted on 12 August 2022
DDP – Delivered Duty Paid (named place)
DDP means Delivered Duty Paid.
The exporters and importers may mention detailed named place under their Sale contract by mentioning the year of Incoterms version to avoid disputes on delivery of goods. Inco Terms DAP is used for all modes of transport – Sea, Air and Land, as it is one of the delivery terms categorized as Omni Modal Inco terms.
Under Inco terms DDP, Seller bears the responsibility of ri
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Posted on 12 August 2022
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Buyer
Buyer
Import Customs Clearance
Buyer
Buyer
Import Documentation
Buyer
Buyer
Import Taxes and Duties (if any)
Buyer
Buyer
Transportation from destination
port to named place
Seller
Buyer
Unloading at named place
Buyer
Buyer
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Posted on 12 August 2022
DPU - Delivered at Place Unloaded (named location)
DPU means Delivered at Place Unloaded followed by a named location, under Inco Terms 2020. The exporters and importers may mention detailed named place under their Sale contract by mentioning the year of Incoterms version to avoid disputes on delivery of goods. Previous version of Inco terms (say Inco terms 2010, Incoterms 2000) also may be used, however the year of Incoterms need to be incorporated un
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Posted on 12 August 2022
CIP (Carriage and Insurance Paid to) (named Location)
Under Inco Terms 2020, CIP stands for Carriage and Insurance Paid to a named place. The detailed named place with year of Inco Terms rules may preferably mentioned in the sale agreement of goods between buyer and seller, so as to enable the buyer and seller for smooth handling of movement of goods in terms of risks of costs and damages. It is recommended to use latest revision of Inco Terms 2020 by all exporters and imp
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Posted on 12 August 2022
CPT – CARRIAGE PAID TO (named place)
Under International Commercial Term 2020, CPT means Carriage Paid To, followed by named place. The detailed named place with year of Inco Terms rules may preferably mentioned in the sale agreement of goods between buyer and seller, so as to enable the buyer and seller for smooth handling of movement of goods in terms of risks of costs and damages.
CPT (Carriage Paid To) terms of delivery known as one of the omini modal term
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