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We have studied that many SMEs focusing on domestic sales often attempt to start exportation project by recruiting new person(s) with experience while the target country to export is not selected.
We have studied that many SMEs focusing on domestic sales often attempt to start exportation project by recruiting new person(s) with experience while the target country to export is not selected.
Their most common operation procedure was found to be:
Their most common operation procedure was found to be:
↓Potential Buyer Sourcing through exhibition, online search, inbound online inquiries, etc..
↓Business Proposal to drag buyers' interest.
↓Product Sample Delivery for product testing.
↓Sharing draft supply agreement & NCNDA having negotiation for specific terms & conditions.
↓Finalization of agreements undersigned by parties. This is when the target country gets defined.
↓Product/Company registration in the importing company. Document Supported by the supplier.
↓Payment for shipment (if the payment term is FOB).
↓Organizing shipment, inspection report, and shipping documents
↓Freight Forwarding
But what if the buyer can't wait or change their mind for/during the registration?
But what if the buyer can't wait or change their mind for/during the registration?
You would have to start all over again
You would have to start all over again
WE SUGGEST YOU TO CHOOSE A TARGET COUNTRY FIRST AND GET THE REGISTRATION FINALIZED BEFORE THE BUYER SOURCING.
WE SUGGEST YOU TO CHOOSE A TARGET COUNTRY FIRST AND GET THE REGISTRATION FINALIZED BEFORE THE BUYER SOURCING.
TRADE CONSULTATION can
Save your time & business cost,
Improve chances of success for your trade project.
TRADE CONSULTATION can
Save your time & business cost,
Improve chances of success for your trade project.
My buyer said they would take care of all pre-registration if I provide the buyer with all requested documents. What risks are there?
Regardless of you having a full trust towards your buyer or not, it is your responsibility to make sure all the information is registered properly since you may end up being on customs' blacklist if there is any breach.
ALL IMPORTING GOODS ARE MONITORED AND CONTROLLED TO PROTECT PUBLIC HEALTH.
ALL IMPORTING GOODS ARE MONITORED AND CONTROLLED TO PROTECT PUBLIC HEALTH.
Once your product and company information is pre-registered as per importing countries' requirement, the information gets shared with customs. They monitor, inspect, and keep the records of your trades. You must only send the shipment and shipping documents matching with the pre-registered information.
Once your product and company information is pre-registered as per importing countries' requirement, the information gets shared with customs. They monitor, inspect, and keep the records of your trades. You must only send the shipment and shipping documents matching with the pre-registered information.
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