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The International Chamber of Commerce have published new Incoterms® 2020 that have come into effect from the 1st of January 2020. The ICC originally published Incoterms® in 1936 and have continually made updates to reflect the changes to the Global Trade environment. It’s important that all parties involved in trade clearly understand the changes and how they apply to global supply chains. Read More »

If you’re an existing or new importer, exporter or trading company wanting to learn about an import export course online, download the Global Trade Guide. Read More »

What is an Export Packing List Document? An export packing list is a detailed document that states all of the product and packaging details contained in each shipment.  Shippers must create a compliant packing list document to share to freight forwarders, shipping lines, importers and other parties along the supply chain.  In this article we […] Read More »

A Bill of Exchange is a document that is used in global trade as a written order binding one party to pay a fixed sum of money to another party on demand or at a confirmed date. Read More »

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). Read More »

To grow your import business, understand landed costs, profit margins, and operating costs. Create a solid plan for selling products in your market. Calculate landed costs, set profitable selling prices, and consider operating expenses like storage and working capital. Plan sales and marketing strategies, considering market risks and costs. Invest in efficient software to streamline processes. A comprehensive plan, backed by research and professional advice, is key to success. 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 »

The International shipping and marine transport industry is full of unique shipping terms and shipping abbreviations. And these are used every day to describe everything from modes of transport, units of measure, pricing structures, IncoTerms and much more. Therefore, it’s important that importers, exporters and freight companies correctly communicate freight terms to avoid problems or disputes arising from misunderstanding them. Read More »

Businesses that are involved in Global Trade are faced with dozens of additional costs, fees and charges involved with importing products through to the final location. It’s imperative that buyers understand the actual final costs of imported products in advance, to make smart decisions for their business. Read More »

A Commercial Invoice is an important trade document that is used in Global Trade and shipping. When products are shipped Internationally the shipper must provide the Consignee (importer) with a detailed Commercial Invoice template and other shipping documentation. Read More »