Today we will try to focus on petroleum deal and the PROOF OF PRODUCT DOCUMENTATION. In the internet we can found a lots of oil contract type with different payment method and terms. As we know a...
PROOF OF PRODUCT DOCUMENTATION
Shipping Company Statement
A shipping company statement relates to the ship aboard which the products will travel. It normally states that the ship is of a certain age, and that it is well maintained. This document is designed...
Crop Certificate
A crop certificate states the crop from which the products were manufactured. This allows being trace right back to the exact point of its origin where it was grown.
Certificate of Radiation
As result of the world situation that we have in our days regarding radiation catastrophe in Ukraine (Chernobyl disaster in 1986) and last one in Japan (Fukushima Daiichi nuclear disaster in 2011)...
Phytosanitary Certificate
A phytosanitary certificate states that the shipment meets the phytosanitary requirements which are in place in the country it is being exported to. Phytosanitary certificates are always required for...
Certificate of Origin
A certificate of origin states where the products are from. This is essential when importing goods from one country to another. The certificate of origin is often issued by the exporter, although it...
inspection Certificate
SGS Certificate of Weight Grade, Quality, and Condition: When goods is exported we need third party inspection in loading port that can confirm quality, quantity and condition.SGS is the commonly...
PACKING LIST
A packing list is simply a document which outlines the quantity and type of product shipped. This document is normally very detailed. In order for the seller to obtain payment it is important that...
BILL OF LOADING
When goods are shipped a bill of lading is issued by a carrier or transporter from the seller side to the buyer to inform that goods will be delivered. The document confirms the specifications of the...
COMMERCIAL INVOICE
To receive payment after contract signature seller sends to buyer a commercial invoice in wish detailed goods specifications that will be shipped and the total cost of the shipment. Operating on this...
Shipping Documentation
Today we will tray in detail to clear how goods are exported and what document are needed to conclude the deal. As we know when products are shipped, there are many documents which accompany them...
TRANSFERABLE LETTERS OF CREDIT and TRICKS
Transferable letter of credit is one in wish fixed in the verbiage that can be transferred. This can be stated only by the authorization of the LC owner (end buyer). Right and obligation of the LC...
Did end seller use transferable letter of credit?
How to know from payment procedure you are dealing with end seller or trader? Every day we get lots of offer but most of them are not considered as serious offer by our trader. This related to the...
Agricultural commodities and contracts
Today we will see contract that can use producers and what difference between them, advantage and problem that we can face. Producer can use four type of contract to sell his production or do a...
how to secure your founds in TT payment
One of our readers sends us mail asking to help him in his new deal. He is buying goods from china for at min 10 years, all this period he worked by LC (letter of credit) but today he faced a new...
How Partial Shipment can work in favor of seller and buyer?
Today we will clarify when we can use partial shipment and what differences have in the case of ‘shipment by installments’. Partial shipping is a conduction fixed in the LC (letter of credit)...
What is dropshipping?
dropshipping is type of business in which the sale of vendor’s goods are realized by intermediary (dropshipper) when product are sent directly to the buyer. Profit dropshipper formed by the...
How to Choose your suppliers and make decision
In our days internet makes our business life easy with the fast delivery of documentation, conference and communication but the huge quantity of supplier that you can found after a little search, put...
How to trade and communicate with business partner
Communication is an essential part of any trade, and this is the most important part of trade in the import-export sector where numerous languages and cultures may be at play. Trade Success operates...
why we need comfort letter from buyer
Comfort letter or BCL (bank comfort letter) is a document prepared by an accounting firm assuring the financial soundness or backing of a company.BCL is a written assurance by a subsidiary’s...