Tag Archives: iiiem

For an Importer how safe is Letter of Credit (LOC)

Letter of credit is a safe mode of payment commonly for any business especially in international business also. Letter of credit is been known to be one of the safest payment options for importers in international trade transactions. The reasons why L/C is a very important tool for export-import transactions is primarily due to the… Read More »

How Can You Prepare an Export Quote?

Generally, an export transaction would begin with buyer requesting for quotation form to the seller. Quote serves as a promise in form of a formal statement by the seller that he would provide the product at a specified time and price. Seller would be presenting the quotation in proforma invoice form. The seller needs to… Read More »

Which Mode of Transport is right in Export Import Business?

It is very crucial to understand and know what type of transportation will be cost effective and efficient. For international trade, mode of transport and distribution are been considered as the key factors. The choice would actually depend based on – Higher customer services Timely delivery schedules Lower logistics cost Proper inventory levels Import and… Read More »