You are here: Home » International Trade

Category Archives: International Trade

Feed Subscription<

International Trade Documents Templates Used for Exporting and Importing

International trade documents templates, either for exporting or importing, are a really important aspect of foreign trade operations, as the wrong or not complete preparation or even the absence of some of them can prevent goods from travelling correctly and passing customs and tax controls at borders, both in the country of origin and, above all, in the country of ... Read More »

Incoterms FCA – Free Carrier: The Most Used Incoterms

Incoterms FCA – Free Carrier is the most used of the 11 Incoterms 2020. According to data provided by the International Chamber of Commerce (ICC), FCA  represents approximately 30% of foreign trade operations, followed by CIF (22%) and FOB (20%), which are the Incoterms that have traditionally been used in the recent past. REASONS FOR USING FCA The justification for ... Read More »

CMR Consignment Note: meaning and template

CMR TRANSPORT DOCUMENT FORM

A CMR note is an International Consignment note that is the standard contract of carriage of goods document that is used when transporting goods Internationally via road. The CMR note can also be known as a CMR Waybill or International Consignment Note (ICN). The CMR Consignment note was defined under the 1956 United Nations Convention for the Contract of the ... Read More »

What is Due Diligence?: meaning, templates and report

Due Diligence is an investigation of a business prior to entering a contract. It often involves a comprehensive appraisal to establish assets and liabilities or to evaluate commercial potential. Though Due Diligence is important anywhere, it is doubly important when dealing with companies in countries where things are often not what they seem and where the legal system is less ... Read More »

International trade documents and payment methods

International trade documents are an integral part of all international payment methods, including documentary credits, letters of credit L/C, documents against payment, and documents against acceptance. The documents called for by a payment type will differ somewhat according to the nature of the goods and the countries of export and import. Some documents, however, such as the International Commercial Invoice ... Read More »

What is e-CMR?: benefits and implementation

The e-CMR or electronic CMR is the digital equivalent of the CMR Transport Document in paper-based format that is used and signed in 4 copies (sender, consignee, carrier and administration. Its use implies adherence to the CMR Agreement (Contrat de Transport International de Marchandises par Route) that regulates it. At present, 25 European countries have already ratified the e-CMR protocol, ... Read More »

Incoterms explained in 10 key dates

Incoterms can be explained thanks to a group of entrepreneurs, financiers and traders whose determination to bring economic prosperity to a post-World War I era eventually led to the founding of the International Chamber of Commerce (ICC). With no global system of rules to govern trade, it was these businessmen who saw the opportunity to create an industry standard that would ... Read More »

What is a pre-shipment inspection (PSI)?

The Pre-Shipment Inspection (PSI) can refer, depending on the country, to the verification of the quality and quantity of the exported goods, their packaging, their price (export market price, value in customs), customs classification, as well as suitability for importation. These type of inspections are carried out by specialized private companies that must respect the Agreement of the World Trade ... Read More »

Incoterms 2020: transfer of ownership and payment risk

Incoterms 2020 do not regulate the transfer of ownership of the merchandise, nor the sale price, the form of payment, the general conditions of sale, etc. These issues are defined in the International Sale Contract that materializes the consent between the seller and the buyer. Exporters and importers often confuse risk transfer with transfer of ownership. This confusion is understandable ... Read More »

What is an export business plan?

EXPORT BUSINESS PLAN

The purpose of the Export Business Plan is to prepare companies, specially middle and small, to enter the international marketplace or to better organize their existing international business activity. The Plan will serve as a step-by-step guide to lead the company through the process of exporting products and services to international markets. The purpose of the Plan is to address ... Read More »