Key International Trade and Shipping Terms to Know
If you are in international trade business, be it exports, imports, or manufacturing; these are some of the most important international trade and shipping terms you must know. These shipping terms are widely used to describe the methods used to ship the goods and manage terms with the suppliers. Whether you are working in a […]
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Container Seal Numbers Explained: Importance & Compliance
To keep the supply chain operations moving securely and effectively, many times the importance of containers goes unnoticed. And, to protect our goods while shipping, the container seals play a crucial role. The container seal number is a simple identifier and is critical to ensuring the security and integrity of the goods being shipped. Let’s […]
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How to Find Buyers for Your Export Business: Essential Tips
International trade is becoming competitive as the new tools and solution arrives to find new suppliers and buyers. Identifying and securing reliable buyers for your business becomes a pivotal step for any export business aiming to thrive in this new economy of the connected world. Navigating the complexities of growing your business requires strategic planning […]
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Sustainable Supply Chain Management & Supply Chain Sustainability
While we see lost of environmental challenges and changes taking shape in our current situation, the concept of sustainable supply chains has emerged as a critical focus for businesses worldwide. This blog delves into the intricacies of sustainable supply chains, exploring their significance in fostering environmental stewardship and ethical responsibility. As companies grapple with the […]
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Understanding the Different Types of Letters of Credit (LC)
International trade offers new opportunities, but in the complex system of international trade, ensuring a sequence and reliable transection is a primary objective for any merchant. One of the key financial instruments facilitating this is the letter of credit (LC), a versatile tool that provides a safety net for both buyers and sellers. Understanding the […]
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Exploring the Advantages and Disadvantages of Exporting
Exporting goods and services from your country can be a powerful driver of economic growth and development. It opens up new markets, increases sales potential, and enhances competitiveness on a global scale. However, this opportunity comes with its own set of challenges. Navigating international regulations, managing currency fluctuations, and facing stiff competition are just a […]
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Understanding Cold Chain Management & Logistics Solutions
Due to globalization and improving infrastructure to manage trade, we are seeing lots of improvements in terms of availability of the goods ands services across the borders. Cold chain management encompasses a series of processes and technologies designed to maintain the desired low-temperature conditions throughout the supply chain, from production to end-user delivery. This intricate […]
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Understanding Export Finance: Types and Benefits Explained
If you are an exporter or importer, while managing your shipments it is important to manage good cash flow and working capital. Thus, various trade finance plays a vital role for exporters across the globe. Banks and various finance providers provide options to provide financing options on various payment terms. These payment options are provided […]
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Understanding Shipping Bill Meaning in Exports & Bill of Lading
For any international trade deal shipping bill stands as a pivotal document, serving as a critical link between exporters and customs authorities of particular countries. This document is often underestimated in its significance. It encapsulates essential details about the goods being exported from the country, including their description, quantity, and value. Its primary function is […]
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How to Calculate Landed Cost for Imported Goods: A Complete Guide
When you make a trade decision to deliver an output from your business, you have to consider various things, including what time the product would take to get build, what would be the estimated time spent on production, what would be the landed costs of the raw materials and so on. Understanding the landed cost […]
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