Contracts, Orders & International Payments

A letter of credit (LC) is a financial instrument used in international trade. It is sometimes called a documentary credit or a bank commitment. An LC is issued by a bank on behalf of an importer. It guarantees that the exporter will get paid once the required documents are presented. (source: trade.gov) Banks do not […] Read More »

If you’re involved in Global Trade you would be aware that importers and exporters agree to sell goods on agreed payment terms that usually involve a SWIFT Telegraphic Transfer, or T/T payment. Before products can be exported around the world the buyer and seller will agree on the terms of trade (including Incoterms®) then include all details in Purchase Orders, Proforma Invoices and Sales Contracts that are countersigned by both parties. Read More »

Importers and exporters involved in global trade connect to negotiate and agree on the terms for goods to be sold. Buyers and sellers will agree to all product details, pricing, Incoterms®, method of shipment, delivery details and the agreed payment terms and payment methods. These details will be represented in Purchase Orders, Proforma Invoices and Sales Contracts that are countersigned by both parties. Read More »

A Proforma Invoice template is an important document used when selling goods Internationally. It can also be referred to as a “pro forma invoice” or “performa invoice”. In this article you can download a Proforma Invoice PDF template to use for global trade. Read More »

If you’re an importer, exporter or trading company then you would understand the process of countersigning and adding countersignatures to important sales contracts and documents. Countersigning proforma invoices, purchase orders and sales contracts requires both buyer and seller to add their company stamp or company seal, and their signature onto both documents. Read More »

If you’re an exporter or importer involved in global trade, getting access to International Trade Finance is a key part to succeeding in International trade. Global trade finance can also be known as pre export financing, import export finance or export invoice finance. Read More »

A Proforma Invoice document is an important document used when selling goods Internationally. It can also be referred to as a “pro forma invoice” or “performa invoice”. Buyers and sellers will negotiate the details of the products to be supplied, then the seller will create a Proforma Invoice document to confirm all details of the order. Read More »

In early 2020, COVID-19 caused disruptions to people and businesses in countries around the world.  For the first time, many shipping teams have been forced to work remotely from home.  The disruptions has also caused extreme volatility in foreign exchange markets over the world. Read More »

Invoices are needed in every trade transaction. In global trade, they help clear customs and avoid payment problems. Domestic accounting invoices are simpler and used to record local sales. Export invoices contain extra details that customs and banks need to see.  What Is an Accounting Invoice? An accounting invoice is a document that shows the […] Read More »

Proforma Invoices and Commercial Invoices are important documents used in the global trade process. Read More »