Foreign trade export process 1: Quotation
In international trade, the inquiry and quotation of the product is generally the beginning of the trade. Among them, the quotation of the export product mainly includes: the quality level of the product, the specification and model of the product, whether the product has special packaging requirements, etc.
Foreign trade export process 2: ordering (signing a contract)
After the two trading parties reach an agreement on the quotation, the buyer company formally places an order and negotiates with the seller company on some related matters. After the two parties negotiate and agree, they need to sign the "Purchase Contract". In the process of signing the "Purchase Contract", mainly discuss the name of the product, specification model, quantity, price, packaging, origin, etc., and write the agreement reached after the negotiation into the "Purchase Contract", which marks the export business of the official start. Under normal circumstances, the purchase contract is signed in duplicate, and both parties shall affix the official seal of the company to take effect, and each party shall keep one copy.
Foreign trade export process 3: payment method
There are three commonly used international payment methods, namely letter of credit payment method, TT payment method and direct payment method
- Payment method by letter of credit
-TT payment method
--direct payment method
Foreign trade export process 4: stocking up
Stocking plays a pivotal role in the entire trade process and must be implemented one by one in accordance with the contract. The main check content of stocking is as follows:
- The quality and specifications of the goods shall be verified according to the requirements of the contract.
- The quantity of goods is guaranteed to meet the quantity requirements of the contract or letter of credit.
Foreign trade export process 5: packaging
You can choose the packaging form according to the different goods. Different packaging forms have different packaging requirements.
Foreign trade export process 6: customs clearance procedures
The customs clearance procedures are extremely cumbersome and extremely important. If the customs clearance cannot be completed smoothly, the transaction cannot be completed.
Foreign trade export process 7: loading
During the shipment of the goods, you can decide the way of shipment according to the quantity of the goods, and take out insurance according to the types of insurance stipulated in the "Purchase Contract".
Foreign trade export process 8: bill of lading
The bill of lading is the document used by the importer to pick up the goods and settle foreign exchange after the exporter completes the export customs clearance procedures and the customs releases. The signed bill of lading is issued according to the number of copies required by the letter of credit, usually three. The exporter keeps two copies for tax refund and other business, and one is sent to the importer for delivery and other procedures.
Foreign trade export process 9: foreign exchange settlement
After the export goods are loaded, the import and export company shall correctly handle the documents in accordance with the provisions of the letter of credit. Within the validity period of the document presentation stipulated in the letter of credit, the submitting bank handles the formalities of negotiation, payment and settlement of foreign exchange.
Foreign trade export process 10:
Note: To prevent risks in foreign trade, be sure to confirm whether payment has been made before sending the original or telex.