Because of the incredible processing supply chain and commercial infrastructure in China coupled with low labour cost, there is an astonishing rise in the country's imports all over the world. Because of that, many marketers find importing ...
Tags: import from china
China is no doubt a business source of many business institutions across the world especially knowing the fact that this country has been one of the world's most efficient exporters. To gain a good amount of profit in the business ...
Tags: risk, import, China Furniture
When importers tell me about their frustrations, I usually explain that other buyers have different experiences. And the reason is that they have different needs. Not all buyers are looking for the same thing when they come in China. Some ...
Tags: import
A few days ago, I wrote What questions can you ask a Chinese factory during a visit? Unfortunately, a factory visit is carefully scripted, and you won't get 100% truthful responses. In other words, the supplier's salesperson will tell you ...
Tags: Chinese factory
It is good for importers to read about best practices. Many first-time buyers have never heard of letters of credit or quality control plans. They often find it useful to follow a "how-to" guide. On the other hand, it is much easier (and ...
Tags: import
Buyer's credit is the credit availed by an importer (buyer) from overseas lenders, i.e. banks and financial institutions for payment of his imports on due date. The overseas banks usually lend the importer (buyer) based on the letter of ...
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Import/export Letter of Credit It is said to the credit which buyer assigns i so that he imports a product to his own country and in general this credit is in another country and its value is export value. Revocable Letter of Credit ...
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A letter of credit is a document that a financial institution or similar party issues to a seller of goods or services which provides that the issuer will pay the seller for goods or services the seller delivers to a third-party buyer. The ...
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Incoterms - a.k.a. Trade Terms are key elements of international contracts of sale. They tell the parties what to do with respect to carriage of the goods from buyer to seller, and export & import clearance. They also explain the division ...
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An original design manufacturer (ODM) is a company which designs and manufactures a product which is specified and eventually branded by another firm for sale. Such companies allow the brand firm to produce (either as a supplement or ...
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A bill of exchange or "draft" is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque (check in American English), defined as a bill of exchange drawn on a banker and payable ...
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An original equipment manufacturer, or OEM, manufactures products or components that are purchased by another company and retailed under that purchasing company's brand name. OEM refers to the company that originally manufactured the ...
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