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Trade Essentials

Introduce various basic foreign trade knowledge to you.

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Must-read for foreign trade beginners: Complete analysis of shipping process and detailed explanation of bill of lading copies and telex release

2025-05-26

This article provides a complete analysis of the shipping process for foreign trade beginners, explaining the validity of bill of lading copies, telex release operations, and division of responsibilities under FOB terms, helping novices clarify processes and successfully complete export business.

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Beginner’s Guide to ASEAN-10: How to Easily Check HS Codes?

2025-05-22

Using white chocolate HS codes as an example, this article details steps to query unified ASEAN HS codes via Vietnam Customs’ official website. It outlines the China-ASEAN Free Trade Agreement’s context and trade advantages, helping export newcomers quickly master HS code queries and seize ASEAN market opportunities.

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Export Cost Calculation: Is Your Quotation Undercutting You?

2025-05-22

This article discusses export cost calculation, exploring whether pricing based on actual costs (purchase cost minus tax rebates) is reliable, especially in highly competitive industries like packaging bags, while sharing practical advice and real-world experience.

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Components of Export Cost Accounting

2024-08-27

Export cost accounting is a systematic analysis of all costs of foreign trade enterprises to determine appropriate quotations and assess risks. This process involves the calculation of direct and indirect costs, logistics, taxes, customs fees, and other related expenses, which helps enterprises formulate export strategies and achieve profitability.

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Eight Common Foreign Trade Payment Collection Methods

2024-08-14

The following are eight common foreign trade payment methods: T/T Telegraphic Transfer, L/C Letter of Credit, D/P Documents against Payment, D/A Documents against Acceptance, O/A Open Account Payment, Escrow Service Confirmed Payment, Paypal Online Payment, Western Union Express Remittance.

A sudden crisis in foreign trade orders. How to deal with it?

2024-12-28

This article provides a detailed analysis of strategies for addressing issues such as client disconnection and cargo detention in the foreign trade industry. It offers specific recommendations on assessing the current situation, negotiating with factories and Sinosure, locating clients, and optimizing future order operations to help minimize losses and navigate future foreign trade activities more robustly.

In - depth Analysis of the Current Situation of Russian Payment and Operational Suggestions

2024-12-27

This article elaborates on the current situation and operational suggestions for receiving payments in trade with Russia. It includes aspects such as the role and application of VTB accounts, characteristics of receiving payments, comprehensive consideration of fees and services, as well as challenges and opportunities for the reputation of domestic products. It points out that receiving payments through VTB accounts is a relatively stable method, but it is necessary to comprehensively evaluate the balance between fees and efficiency, and at the same time attach importance to product quality and brand building.

The risks of purchasing foreign trade orders are becoming prominent. How should enterprises respond?

2024-12-26

This article explores the current situation and risks of foreign trade buying export (a practice where companies use shell companies to export goods without claiming VAT refunds), including strengthened customs supervision, adjustments to tax policies, and secondary issues such as irregularities in foreign exchange receipts and customs inspection risks. The article also provides suggestions on choosing foreign exchange collection channels and emphasizes the importance of compliant operations.

For Large Foreign Trade Orders, How to Choose Between Opportunities and Risks?

2024-12-25

This article explores the decision - making issues in the foreign trade industry when facing large orders. Analyzing from key perspectives such as the essence of foreign trade, customer verification, increasing the deposit ratio, insuring export credit insurance, and stopping losses and continuing, it provides suggestions for reducing risks and making rational decisions, helping practitioners achieve steady business development in the face of opportunities and risks.

Essential Basic Knowledge for Foreign Traders

2024-12-15

This article comprehensively analyzes the foreign trade industry, covering key knowledge points such as functional departments, settlement methods, and business development, helping newbies in foreign trade to get started quickly and avoid detours. Deeply understand the responsibilities of functional departments such as freight forwarders, customs brokers, and foreign exchange management, master international settlement methods such as TT and letters of credit, and improve business development and negotiation skills to become a master in the foreign trade industry.

[Guide] How to Successfully Export Branded Goods to Russia? Filing, Authorization, and Customs Clearance are Must - reads!

2024-12-14

The process of exporting branded goods to Russia is complex, involving intellectual property protection, authorization and customs filing. This article elaborates on the correct steps for exporting branded goods to Russia, including brand filing, authorization, practical operation, etc., to help you pass customs smoothly and expand the Russian market.

A Comprehensive Analysis of International Trade Payment Methods: Risks and Response Strategies

2024-12-13

This article provides an in-depth analysis of common payment methods in international trade, including full payment, installment payments, credit terms, and letters of credit, along with their associated risks. It also offers strategies for managing risks with credit customers, competitive pressures from alternative suppliers, and bargaining behaviors during credit periods. Additionally, it explores industry trends and provides practical recommendations to help foreign trade professionals optimize payment methods, mitigate risks, and achieve long-term growth.

How to deal with the risk issues of exporting goods to Argentina?

2024-12-04

Facing Argentinas economic turmoil and the Cash on Delivery payment requirement, this article provides a detailed analysis of how to reduce bad debt risks while meeting customer needs. From advance deposits and letters of credit to Sinosure, it offers multiple payment solutions to help you operate steadily in the South American market.

Concealment and False Declaration in Import and Export Operations: How to Distinguish and Avoid Smuggling Risks?

2024-12-03

This article provides a detailed analysis of common “concealment” and “false declaration” behaviors in import and export businesses, differentiates them from smuggling, and analyzes how to avoid relevant legal risks. By deeply understanding the nature, purpose, and severity of these behaviors, enterprises can ensure compliant operations and safeguard their legitimate rights and interests.

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