Common Payment Methods in International Trade
There are four commonly used payment methods in international trade, namely Telegraphic Transfer (T/T), Letter of Credit (L/C), Documents against Payment (D/P), and Documents against Acceptance (D/A).
How to fill out an export customs declaration license?
The license number refers to the number of the import and export goods license issued by the competent department of commerce under the State Council and its authorized issuing agencies. The licenses mentioned here specifically refer to import licenses and export licenses.
Export process and precautions for auto brake pads and brake discs
3C, officially named China Compulsory Certification, abbreviated as 3C certification. Organization and implementation. For products subject to national compulsory certification, the state issues a unified catalog, determines applicable national standards, technical regulations and implementation procedures uniformly, and establishes unified labeling.
Common Payment Methods for Foreign Trade Companies
There are a variety of payment methods in foreign trade. The following introduces several common foreign trade payment methods for your reference. Common foreign exchange collection methods include L/C (Letter of Credit), T/T (Telegraphic Transfer), D/P (Documents against Payment), D/A (Documents against Acceptance), O/A (Open Account). Different payment methods carry different risks.
How to use the Certificate of Origin, and what are its classifications?
The General Certificate of Origin adopts a nationally unified certificate format, with one original and three copies. The original features light blue watermarks with the Great Wall pattern as a shadow, while the three copies are yellow. The certificate is filled out in English, and there are twelve types of certificates.
Document requirements for foreign trade exports to Egypt
For goods exported to Egypt, ACI certification is required. The consignee must first pre-declare the goods in the local system to obtain an ACID number, which must be provided to the shipper. Failure to provide the ACID number will result in the goods being forcibly returned to the port of shipment and fined.
What is the difference between document customs declaration and purchase declaration?
People in foreign trade often hear two professional terms: document customs declaration and purchase declaration. Lets take a look at the two customs declaration methods you need to know in trade.
The U.S. government has intensified restrictions on Chinas semiconductor industry, affecting economies like Singapore. As a key source of semiconductor equipment imports for China, Singapore faces stricter controls. The U.S. has expanded the scope of the Foreign Direct Product Rule (FDPR), posing potential challenges to Singapores semiconductor and high-tech exports. Singapore must remain vigilant against becoming a transit point for whitewashed products and consider deepening cooperation with exempt countries to enhance its position in the semiconductor supply chain.
How many types of letters of credit are there? Classification of letters of credit, how many types of letters of credit are there, and how to distinguish between them. Below is a detailed guide.
Overview and Functions of an Air Waybill
The air waybill is a transportation contract between the carrier and the consignor, as well as a receipt for goods issued by the carrier or its agent. The air waybill can serve as foundational documentation for cargo confirmation and accumulation, and as a basis for customs inspection and clearance. However, the air waybill is not a bill of lading representing the airline. The consignee name and address in the air waybill must be written in detail and cannot be made to order.
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