What are the main issues that should be taken care of while processing in an export order?
Sales Contract Process Show Sales contract is an approval document/letter between seller and buyer which is the follow up of purchase order requested by importer. It contains the payment requirements of the sold goods, such as prices, quality, quantity, shipping method, insurance and others. The contract is the basis for the buyer to fill the application form of L/C to the bank 1. Promotion The promotion of commodities to be exported using promotional media such as advertisement in electronic media, magazine, newspaper, trade show, or using institution/agency related to the export promotional activities such as Directorate General PEN, Chamber of Commerce and Industry, Trade Attaché, and so forth. 2. Inquiry The delivery of letter of inquiry for a certain commodity by Importer to the exporter (letter of inquiry). It usually contains description of item, quality, price and date of shipment 3. Offer Sheet The inquiry from the Importer will be responded using offer sheet sent by the exporter. It contains the details according to the inquiry from importer on description of item, quality, price and date of shipment. Besides, in the offer sheet, it is usually added with the provision of payment and delivery of sample/brochure. 4. Order Sheet After obtaining the offer from the exporter and conduct thorough investigation, and agreed the offer, the importer will send the order sheet (purchase order) to the exporter. 5. Sale’s Contract According to the data from order sheet, the exporter then prepares the sales contract added with the details on force majeure clause and inspection clause. Sales contract will be signed by exporter and sent in two copies to the importer. 6. Sale’s Confirmation Sales contract will be studied by the importer, and if the importer agrees, the sales contract will be signed by the importer and then returned to the exporter as a sales confirmation. While one copy of this sales contract will be kept by the importer L/C Opening Process Letter of credit (L/C) is the guarantee from the issuer bank to the exporter according to the instruction from the importer to settle the payment in certain amount with certain period of time based on the delivery of documents requested by the importer Process of opening L/C is as follows:
Cargo Shipment Process The significant output from this process is the shipping document which is the proof that the exporter has shipped the goods ordered by the importer according to the requirements set in the L/C The stages of cargo shipment process are as follows:
Shipping Document Negotiation Process It is a monetization process of shipping documents for the exporter and is a process for claiming the goods paid for the importer
What are some of the key issues to take into consideration when exporting?Key factors one needs to look after before engaging export.. Importance of Place. ... . Description of Product. ... . Customer Satisfaction. ... . Feasible Transport Modes. ... . Product Demand. ... . Importance of Marketing. ... . Product's Cost. ... . Insurance of business.. What are the five steps of the exporting process?Yet many companies still don't know how to adapt their business for online exporting.. Master e-commerce fundamentals. ... . Walk before you run. ... . Know your clients. ... . Find out about international regulations. ... . Monitor your progress.. What are the challenges faced by exporting?Customs clearance, unforeseen tariffs, a check of compliance with local rules and regulations — these are just some of the problems that may appear before the goods even enter the market.
What are the considering factors before making the decision to export?10 things to consider when exporting. Keep in mind your destination. ... . Define your export strategy. ... . Research, it's essential! ... . Look for long-term. ... . Plan the export business as a continuum. ... . Keep in mind price variables. ... . Plan export as a part of overall objectives. ... . Count with your suppliers.. |