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Trade Essentials

Introduce various basic foreign trade knowledge to you.

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Must-read for foreign trade beginners: Complete analysis of shipping process and detailed explanation of bill of lading copies and telex release

2025-05-26

This article provides a complete analysis of the shipping process for foreign trade beginners, explaining the validity of bill of lading copies, telex release operations, and division of responsibilities under FOB terms, helping novices clarify processes and successfully complete export business.

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Beginner’s Guide to ASEAN-10: How to Easily Check HS Codes?

2025-05-22

Using white chocolate HS codes as an example, this article details steps to query unified ASEAN HS codes via Vietnam Customs’ official website. It outlines the China-ASEAN Free Trade Agreement’s context and trade advantages, helping export newcomers quickly master HS code queries and seize ASEAN market opportunities.

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Export Cost Calculation: Is Your Quotation Undercutting You?

2025-05-22

This article discusses export cost calculation, exploring whether pricing based on actual costs (purchase cost minus tax rebates) is reliable, especially in highly competitive industries like packaging bags, while sharing practical advice and real-world experience.

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Components of Export Cost Accounting

2024-08-27

Export cost accounting is a systematic analysis of all costs of foreign trade enterprises to determine appropriate quotations and assess risks. This process involves the calculation of direct and indirect costs, logistics, taxes, customs fees, and other related expenses, which helps enterprises formulate export strategies and achieve profitability.

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Eight Common Foreign Trade Payment Collection Methods

2024-08-14

The following are eight common foreign trade payment methods: T/T Telegraphic Transfer, L/C Letter of Credit, D/P Documents against Payment, D/A Documents against Acceptance, O/A Open Account Payment, Escrow Service Confirmed Payment, Paypal Online Payment, Western Union Express Remittance.

How Can Export Enterprises Avoid Impersonation Fraud Risks

2024-11-03

As the foreign trade environment grows increasingly complex, export enterprises may face third-party impersonation fraud risks when seeking new orders. This article analyzes an actual fraud case to demonstrate common characteristics of such fraud and provides corresponding risk prevention strategies for exporters.

Foreign trade import and export | Shanghai Import/Export Agent

2024-11-03

Deeply explore the concept of cut - off in foreign trade, analyze its core position in the cargo export process, and how to ensure the smooth completion of customs declaration and release work before the cut - off time, so as to avoid additional costs and maintain business reputation.

Foreign Trade Inquiry Process and Precautions

2024-11-03

Preventive Measures

Import and Export Management of Special Items: Coding, Classification, and Approval Process

2024-11-03

Since 2023, the General Administration of Customs has refined the management of the entry and exit of special items, involving risk classification, new CIQ codes, and detailed approval processes. This article provides a detailed interpretation of what special items are, their risk level classification, and how to handle the approval of entry and exit of special items.

Discussion on US SDN Sanctions and Risks of Enterprise Cooperation

2024-11-03

The article explores the risks of trading with entities on the US SDN list. It clarifies the differences between secondary sanctions and primary sanctions, and presents the reputational, legal and economic risks that may arise from trading with sanctioned entities. It is recommended that enterprises conduct a full - fledged risk assessment and consultation before cooperating with sanctioned entities.

Brief Introduction to Export Settlement Operations

2024-11-02

Domestic Agency Export Process: Comprehensive Analysis and Optimization Strategies

FOB Buyer - designated Freight Forwarder in Foreign Trade: Risks and Prevention Strategies

2024-11-02

In international trade, the FOB trade term is widely used, in which the buyer is responsible for chartering ships, booking shipping space, and paying freight. However, in recent years, operational and ethical risks of the buyer - designated freight forwarders have occurred occasionally. This article deeply explores the risks under this trade mode and the coping strategies of export enterprises.

What are the sanction lists of the US Treasury Departments OFAC?

2024-11-02

The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury maintains and enforces multiple sanctions lists to ensure the implementation of the countrys foreign policy and security objectives. These lists include the Specially Designated Nationals List, the Foreign Sanctions Evaders List, the Sectoral Sanctions Identifications List, etc., aiming to restrict transactions and activities with the listed individuals, entities or organizations.

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