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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.

Foreign Trade Inquiry Process and Precautions

2024-11-03

Preventive Measures

Import and Export Management of Special Items: Coding, Classification, and Approval Process

2024-11-03

Since 2023, the General Administration of Customs has refined the management of the entry and exit of special items, involving risk classification, new CIQ codes, and detailed approval processes. This article provides a detailed interpretation of what special items are, their risk level classification, and how to handle the approval of entry and exit of special items.

Discussion on US SDN Sanctions and Risks of Enterprise Cooperation

2024-11-03

The article explores the risks of trading with entities on the US SDN list. It clarifies the differences between secondary sanctions and primary sanctions, and presents the reputational, legal and economic risks that may arise from trading with sanctioned entities. It is recommended that enterprises conduct a full - fledged risk assessment and consultation before cooperating with sanctioned entities.

Brief Introduction to Export Settlement Operations

2024-11-02

Domestic Agency Export Process: Comprehensive Analysis and Optimization Strategies

FOB Buyer - designated Freight Forwarder in Foreign Trade: Risks and Prevention Strategies

2024-11-02

In international trade, the FOB trade term is widely used, in which the buyer is responsible for chartering ships, booking shipping space, and paying freight. However, in recent years, operational and ethical risks of the buyer - designated freight forwarders have occurred occasionally. This article deeply explores the risks under this trade mode and the coping strategies of export enterprises.

What are the sanction lists of the US Treasury Departments OFAC?

2024-11-02

The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury maintains and enforces multiple sanctions lists to ensure the implementation of the countrys foreign policy and security objectives. These lists include the Specially Designated Nationals List, the Foreign Sanctions Evaders List, the Sectoral Sanctions Identifications List, etc., aiming to restrict transactions and activities with the listed individuals, entities or organizations.

Guide to the Formula Pricing Method: Application and Requirements in International Trade

2024-11-02

This article explains in detail the application of formula pricing in international trade, involving commodities such as yellow soybeans, iron ore, copper ore, etc. The content includes the definition of formula pricing, the conditions that must be met, import - related requirements, special precautions and reminders. For enterprises and individuals involved in international trade, this is a comprehensive guide on how to understand and operate formula pricing.

Analysis of Market Procurement Trade: Definition, Advantages and Applicable Entities

2024-11-02

Market procurement trade is a trade method that allows qualified operators to conduct small - scale purchases within a designated market agglomeration area and handle export customs clearance procedures. It solves the problem of small commodity exports, improves trade facilitation, and brings many advantages in tax and foreign exchange management. This article explains in detail the definition, main advantages of market procurement trade, and the market entities that can carry out this kind of trade.

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