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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.

Management and Disposal of Processing Trade Scrap

2024-11-02

Starting from the definition of processing trade leftover materials, this article elaborates in detail on the differences between leftover materials, defective products, and by - products, and expounds on the relevant regulations regarding the supervision of leftover materials. At the same time, it also provides a practical guide on how to properly dispose of leftover materials, including channels such as domestic sales, return shipments, and destruction.

Vietnamese customers require the certificate of origin to be sent with the goods? This guide helps you easily handle it!

2024-11-01

This article explores the process and precautions for Vietnamese customers request to send the certificate of origin with the goods, including filling in the bill of lading date, application process, special situations of air freight, risk avoidance, etc., providing you with a practical guide for handling such issues in foreign trade business.

Analysis of the Implementation Rules of the EU Government Subsidies Regulation

2024-11-01

This article provides a detailed analysis of the main provisions of the Implementation Rules of the EU Government Subsidy Regulations, especially the information disclosure requirements in merger and acquisition transactions and public procurement procedures. It includes basic information for merger and acquisition transaction declarations, information on declaration thresholds, information on foreign financial assistance, and information on assessing the impact of foreign financial assistance on the EU market. At the same time, the information disclosure requirements of public procurement procedures are also discussed in focus.

How to Apply for the Establishment of a Bonded Warehouse? A Detailed Explanation of the Management and Supervision of Bonded Warehouses

2024-11-01

This article mainly introduces the legal basis, warehouse layout, isolation facilities, supervision facilities, and information system requirements for customs bonded warehouse management. It provides a detailed interpretation of how to apply for the establishment of a bonded warehouse, as well as the regulations and precautions to be followed during the process, offering enterprises a comprehensive guide.

Analysis of Bonded Warehouses: Types, Functions and Application Conditions

2024-11-01

This article comprehensively introduces the relevant information of bonded warehouses, including the four categories of dedicated bonded warehouses, the various functions of bonded warehouses, and the conditions required to apply for a bonded warehouse. In addition, it also elaborates in detail on the application process of bonded warehouses, including enterprise application submission, customs acceptance, preliminary review, approval by the direct customs, enterprise application for inspection, and the customs issuing a registration certificate, etc.

Trade Terms | Obligations of the Buyer and Seller under FAS

2024-11-01

FAS is a delivery clause in trade terms, which is the abbreviation of Free Alongside Ship. In Chinese, it is generally translated as Free Alongside Ship. FAS stipulates the obligations and responsibilities of the seller, which specifically include the following aspects:

Analysis of the Direct Pick - up at Shipside and Direct Loading upon Arrival Modes

2024-11-01

Analyze the export control and economic sanctions measures implemented by the US and its allies against China in 2023, and provide compliance guidance and countermeasures for Chinese enterprises in the face of a complex international business environment.

The Forms, Abnormal Performances, Policy Compliance Risks and Authenticity Audit Strategies of Entrep?t Trade

2024-11-01

This article in - depth explores four main forms of entrep?t trade: offshore entrep?t business, on - shore entrep?t business, warehouse receipt reselling business, and bill of lading reselling business, and points out their respective operational characteristics and potential risks. The article also lists the possible abnormal performances in entrep?t trade, such as rapid business growth, single transaction mode, etc., and indicates the possible risks implied. At the same time, the article emphasizes the policy and compliance risks that enterprises should pay attention to when conducting entrep?t trade, including national laws and regulations risks, policy change risks and compliance risks.

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