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Trade Essentials

Introduce various basic foreign trade knowledge to you.

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A Must-Read for Foreign Trade Beginners: A Complete Guide to the Shipping Process and Detailed Explanation of Bill of Lading Copies and Telex Releases

2025-05-26

This article provides a comprehensive analysis of the shipping process for beginners in foreign trade, addressing the validity of bill of lading copies, the operation of telex release bills of lading, and the division of responsibilities under FOB terms, helping novices clarify procedures and successfully complete export transactions.

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Beginner's Guide to ASEAN-10: How to Easily Check HS Codes?

2025-05-22

This article takes the HS code of white chocolate as an example to detail the steps for querying the unified HS codes of ASEAN countries through the Vietnam Customs official website. It also outlines the background and trade advantages of the China-ASEAN Free Trade Area, helping foreign trade beginners quickly master HS code queries and seize opportunities in the ASEAN market.

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Export Cost Calculation: Did Your Quote End Up Undercutting Yourself?

2025-05-22

This article discusses export cost accounting, exploring whether it is reliable to quote prices based on actual costs (purchase cost minus tax refunds), especially in highly competitive industries like packaging bags, and shares practical advice and real-world experience.

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Components of Export Cost Accounting

2024-08-27

Export cost accounting is a systematic analysis of all costs of foreign trade enterprises to determine appropriate quotations and assess risks. This process involves the calculation of direct and indirect costs, logistics, taxes, customs fees, and other related expenses, which helps enterprises formulate export strategies and achieve profitability.

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Eight Common Foreign Trade Payment Collection Methods

2024-08-14

The following are eight common foreign trade payment methods: T/T Telegraphic Transfer, L/C Letter of Credit, D/P Documents against Payment, D/A Documents against Acceptance, O/A Open Account Payment, Escrow Service Confirmed Payment, Paypal Online Payment, Western Union Express Remittance.

If Trump comes to power again, what should be done about the US market? How should foreign trade people respond

2024-11-24

Recently, everyone has been focusing on the shifting landscape of U.S. politics, especially the potential impact on China-U.S. trade if Trump returns to power. This is clearly a question that every foreign trade professional targeting the U.S. market must seriously consider. So, how should we respond to possible tariff policy adjustments? Today, let’s discuss this topic.

Foreign trade payments flagged as fraudulent? Heres what you must know!

2024-11-24

Today, lets discuss a nerve-wracking issue—what to do when foreign trade payments are flagged as suspected fraudulent funds? While such cases are rare, improper handling could cause significant trouble for businesses. Next, Ill guide you through understanding the nature of this problem and share some coping strategies.

Losses due to neglecting order follow-up? These lessons are warnings for every foreign trade professional!

2024-11-23

This article explores a case of order losses caused by negligence, analyzes the mistakes at each stage, and proposes improvement measures, including standardized document management, enhanced interdepartmental communication and collaboration, and the establishment of key node reminder mechanisms, aiming to help foreign trade practitioners prevent similar risks and ensure corporate financial security.

Rights and obligations of production enterprises in export agency business

2024-11-23

This article provides a detailed analysis of the rights and obligations of manufacturing enterprises in export agency business, including rights such as instruction authority and assistance rights in force majeure situations, as well as obligations like ensuring goods compliance and providing necessary documents. It also cites specific legal references to help readers better understand and comply with regulatory requirements in export agency.

Must-Read for Foreign Trade: How to Handle Re-importation and Return Shipment of Export Goods?

2024-11-22

In foreign trade, re-importing exported goods is one of the complex operations enterprises may face. This article details how to smoothly re-import goods such as shipbuilding steel plates back to China in cases of customer returns, covering return procedures, tax treatment, and compliance requirements. Through professional analysis and practical advice, it helps foreign trade enterprises avoid common mistakes, ensuring efficient and compliant re-import operations while minimizing financial and legal risks.

Challenges and Solutions for Customs Inspection in Import and Export Trade

2024-11-21

This article provides a detailed analysis of challenges companies may face during customs inspections, such as weight discrepancies, clearance documentation, labeling, and product sensitivity. It offers a series of strategies, including accurate declaration of goods, ensuring complete and consistent clearance documents, standardized packaging and labeling, compliance with intellectual property laws, strengthening internal management, and maintaining good communication with customs. The goal is to help foreign trade companies reduce inspection risks and achieve smooth customs clearance.

Can Foreign Trade Customer Development Software Really Uncover Buyer Decision-Maker Information?

2024-11-20

You may have heard that some foreign trade customer development software can extract buyer decision-maker information from customs data. So, is this true? The answer is—absolutely no problem. With reliable customs data and excellent email mining software, it is indeed possible to accurately find the contact information of these decision-makers. But its not that simple.

Handling Mistakes in Foreign Trade: Who Should Be Responsible for Wrong Shipments?

2024-11-20

In foreign trade orders, suppliers sending incorrect goods due to recording errors not only damage a companys reputation but also pose financial and legal risks. This article explores responsibility allocation in such cases, analyzes the boundaries between supplier and customer responsibilities, and provides practical solutions to help businesses maintain customer relationships while protecting their interests and avoiding potential financial and legal risks.

Avoid Risks! The Correct Approach to Invoicing and Foreign Exchange for Domestic Clients Exporting Abroad

2024-11-19

In foreign trade, handling invoicing and foreign exchange for domestic clients shipping goods abroad is critical. This article details how to correctly issue invoices, manage foreign exchange verification, and handle tax rebates, helping businesses avoid financial and legal risks while ensuring compliant and efficient export operations. Whether youre new to trade or experienced, this guide offers practical advice to facilitate international business!

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