CIF Terms Revealed: Understand the Costs and Responsibilities of International Trade!
23 April 2024
CIF (Cost, Insurance, and Freight) is one of the most common trade terms in international trade and is part of the International Chamber of Commerce’s (ICC) General Terms of Interpretation of International Trade (Incoterms). Understanding and correctly applying CIF terms can not only guarantee the fairness of transactions, but also effectively prevent the possibility of commercial transactions.
Declaration elements and specific requirements for customs declaration
18 March 2024
12. Customs declaration is an important link in international trade, involving customs procedures for the import and export of goods. An accurate customs declaration can accelerate the customs clearance process of goods and avoid unnecessary delays and costs. This article aims to explain in detail the elements and requirements of customs declaration, helping import and export enterprises understand and comply with the corresponding regulations. ### Declarant information When making a declaration...
Detailed explanation of the filling in of foreign trade commercial invoices and the difference between them and proforma invoices
March 13, 2024
In international trade, correctly filling in business invoices is one of the key steps to ensure that transactions go smoothly. Business invoices are not only proof of the sale of goods, but also an important basis for settlement, customs declaration and calculation of tariffs between the buyers and sellers. Form invoices, also known as pre-development tickets, are mainly used to confirm prices and product information at the beginning of transactions. This article will introduce the filling of foreign trade business invoices refers to...
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