Global Trade gives importers and exporters all over the world endless opportunities to sell their products with anyone around the globe. You must clearly understand the procedures involved in global trade, it requires connecting with importers, exporters and shipping companies to communicate vital information and documentation to get products delivered around the world. Download the […]
What are Incoterms? IncoTerms are also referred to as International Commercial Terms, are a set of rules published by the International Chamber of Commerce (ICC), which relate to International Commercial Law. According to the ICC, ‘Incoterms rules provide internationally accepted definitions and rules of interpretation for most common commercial terms used in contracts for the […]
When sourcing products from overseas suppliers, it is essential to accurately calculate the Landed Cost of Imported Goods. In order to do that, you must clearly understand all of the additional costs and charges involved in the supply chain process. Before contacting an overseas supplier and get quotations for products, make sure you have a clear […]
When exporting goods from overseas, there are many different types of shipping methods to consider. It mainly depends on your product’s overall packing sizes, cubic measurement, or total weight. Shipping containers are the most efficient means of transport across the globe as they are designed to seamlessly transport between trucks, trailers, port handling equipment, shipping vessels and […]
The different types of sales and shipping documents used throughout the Import/Export process can seem confusing at first. You need to understand the process, which party is responsible for creating each document and when they need to be sent to each party in the supply chain process. IncoDocs makes it easy for Importers, Exporters and […]
What are HS Codes? HS Code, also known as Harmonized System Codes or Tariff Codes, are significant unique numbers that are used to determine different types of products all around the world. The HS Code has a minimum of 6 digits and can be up to 10 digits long. They are used to correctly identify […]
Sourcing suppliers from Alibaba can be a quicker and cheaper option for your business. However, you must know what to look for and what to avoid. Finding the right supplier for your business is key to your import export success. There will be hundreds, if not thousands of different suppliers that can provide the product […]
What is a Bill of Lading in Import, Export and Shipping? A Bill of Lading (B/L or BoL) document is an extremely important document involved in the shipping and logistics industry. A Bill of Lading is a document that is issued by the Carrier of goods to the “Shipper” of the goods. It’s a document […]
What is an Verified Gross Mass Declaration? The Verified Gross Mass (VGM) declaration is a very important legal document. This document represents a statement of total mass in accordance with International Maritime Organization (IMO) Verified Gross Mass requirements (SOLAS). When shipping containerized product, shippers must provide a compliant VGM document to ensure compliance and safe […]
What is a Commercial Invoice for Export? When shippers send products overseas they will have to provide buyers with a Commercial Invoice document to clear through customs in the country of import. The commercial invoice provides all important information and instructions for your buyer, freight forwarder, Customs, agents and your bank (if required). It does […]
What is an Export Packing List? An export packing list is a detailed document that states all of the product and packaging details contained in each shipment. Your freight forwarder will use this information when preparing the Bill of Lading with the shipping line so that the cargo can be moved around accordingly. Packing lists […]
A Proforma Invoice document is an important document that is created by the seller of goods. After the buyer has communicated the details of the products they want to order, the seller will create a Proforma Invoice document to include all product details, quantities, pricing and delivery information. This document is usually created after a […]