IMO2020: How Regulations will Impact the Shipping Industry
New IMO2020 regulations enforce strict requirements for shipping line carriers around the world. In 2016, the International Maritime Organization announced that they would be implementing strict new Sulphur regulations, known as IMO2020. If you’re involved in Global Trade then you’ve probably heard of the upcoming regulations that are set to take place on the 1st […]
The Import Export Global Trade Forum
The IncoChat forum is a community where everyone involved in Global Trade can connect to share useful industry news, information and tips. Global trade can be a very complex and confusing process. To be successful in the import / export process, you must have access to trusted information and resources, to get the answers you […]
Partner with IncoDocs to streamline your supply chain.
Global Trade is complicated. Partner with us to create a more connected supply chain for you and your customers. Digitization of Global Trade Global Trade is evolving. Thanks to the advancements in software and technology, all companies that are involved in the end-to-end supply chain now have the ability to streamline their manual processes and […]
The complete guide to choosing the right freight forwarder
It’s essential to partner with a freight forwarder that fits your import export operations. What is a freight forwarder? Freight Forwarders are companies that specialize in all arranging the shipping and logistics of goods from the start to finish of the supply chain. Because the International supply chain involves so many different processes and parties […]
The difference between accounting invoices and export invoices.
Companies shipping goods Internationally need to provide export invoices to meet trade compliance What is the difference between an accounting invoice and an export invoice? Standard ‘accounting invoices’ contain enough information to cover the requirements for domestic sales and transactions. The fields included on an accounting invoice is quite simple compared to an ‘export invoice’. […]
Phytosanitary Certificate used in Global Trade
A Phytosanitary Certificate is required when exporting plants, plant products or other regulated articles. What is a Phytosanitary Certificate? A Phytosanitary Certificate is an official document required when shipping regulated articles such as plants, plant products or other regulated articles. A phyto certificate is an official document that is generated from the exporting country’s Department […]
The difference between a Proforma Invoice and Commercial Invoice
Proforma Invoices and Commercial Invoices are important documents used in the global trade process. What is a Proforma Invoice? A Proforma Invoice document is an important sales document that is created by the seller of goods. When an International order is confirmed, the seller will create a Proforma Invoice document and send it to the […]
How Export Documentation Software will improve your import export business.
If you are involved in global trade, this is how export documentation software will improve your business process. If you’re running an import export business or trading company, you are already aware of all of the important export documents required to get products shipped overseas. Using Microsoft Word or Excel templates can be very time […]
The Export and Import Shipping Trade Guide
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 […]
IncoTerms Explained – The Complete Guide
Incoterms play such a vital part in global trade. IncoTerms 2010 or IncoTerms 2018 can seem to be confusing at first. But, buyers and sellers must clearly understand how they work and their obligations along the supply chain. In this article we provide simple explanations along with an IncoTerms infographic to explain IncoTerms. What are […]
How to Calculate the Landed Cost of Imported Goods?
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 […]
Understand shipping container specifications and shipping methods
What are the different shipping methods used to export products overseas? When exporting goods from overseas, there are different types of shipping methods and shipping container specifications to consider. The shipping method to use mainly depends on the product’s overall packing sizes, cubic measurement or total weight. Shipping containers are the most efficient means of transport […]