Beginners,Guide,Importing,amp, DIY Beginners Guide to Importing & Exporting Products.


Perhaps you have heard of two very popular companies - iPage and Fatcow. Both are excellent companies, and very little separates the two. How about having a face-off with these two companies? On features.One would expect to get a host of fea There are many people looking for a deal when it comes to foreclosures in Lithonia GA, but they can't stretch their luck and find free foreclosures at the same time. Still, when you start to follow the national trends, you realize that the f


IMPORTATION:1. Register your business and ensure that all licenses and other legal requirements have been complied with.2. Obtain a list of suppliers dealing in the products you wish to import and select the most dependable. Do a comprehensive research on the industry. This can be done with the assistance of your bankers through their correspondents overseas.3. Obtain a pro-forma invoice or firm offer from your selected supplier. Make sure that their quotation includes, among others, the terms of shipment such as FOB, C&F, or CIF. Payment for imports can be done in the following manner:a.) By Letter of Credit (L/C) - Once you have agreed with your supplier on the pricing and other terms and conditions of your purchase, open a letter of credit with your bank. Depending on the agreement with your supplier, the L/C can either be sight or usance, revocable or irrevocable, confirmed or unconfirmed. Under a sight L/C, payment for the goods are made upon presentation of the documents from the supplier through your bankers (which is commonly the L/C opening bank) regardless whether or not you have received the goods imported. Under usance L/C, payment is made at a later day, after 30, 60, 90 or 120 days. A revocable L/C is one which you can revoke even without the consent of your supplier. A confirmed L/C is one by which the L/C advising bank, by virtue of their confirmation of the L/C, is liable to pay your supplier the value of the imported goods should the L/C opening bank be unable to pay your supplier for some reason.b.) By Open Account (O/A) - Payment is made at a later date depending on your agreement with the supplier.c.) By Documents Against Payment (D/P) - Under this mode of payment, you have to effect the payment of the imported goods upon presentation of the import documents by the bank.d.) By Documents Against Acceptance (D/A) - Under this mode, the documents are forwarded to you through an appointed bank in your locality and upon your acceptance, (i.e. signing the relative document signifying your acceptance of the liability) the bank then surrenders the documents to you, and payment will be made later, after 15, 30, 45 or 60 days depending on your agreement with the supplier.e.) By Prepayment - Advance payment must be made before supplier ships the goodsNote that the basic import documents consist mainly, but are not limited to, original Bills of Lading (B/L) or Airway Bill; original Commercial Invoice; original Packing List; or any such other original documents which you may require. These documents are necessary so the importer can secure the release of the imported goods from the shipping/airline companies and customs authorities.EXPORTATION:1. Register your business ensuring that all requirements have been complied with.2. Choose the products that you are going to export and ascertain from the difference governmental agencies that these are not banned items. Where necessary, obtain a list of all the documents that are required especially for regulated products. If you produce or manufacture your own products for export, know your production capacity. If you subcontract the production of your goods, know the production capacity of all your subcontractors.3. Open an account with a bank with international connections or one with correspondents in the locality of your customers.4. Where necessary, obtain a background check of all your would-be customers through the aid of your bankers.5. From new buyers, always insist on prepayment before you ship your goods.6. If you agree on payment by Letter of Credit (L/C), ensure that the L/C is irrevocable and at sight.7. Try to understand the different modes of payment for international trade, as discussed above, under Importation.This is a simple step-by-step guide on import and export procedures. While requirements may vary from country to country, the general and basic procedures are essentially the same. Article Tags: Imported Goods

Beginners,Guide,Importing,amp,

DIY

Soil testing as important as oil changes are for engines

When you have a vehicle that you are driving a lot, you know that oil changes are something that you need to do on a regular basis to keep your vehicle in good condition. This is the same as soil testing. Soil testing ensures that your soil ...

DIY

Foam bitumen - Sustainable Eco-friendly Roads

Dont you think it will be great if we have eco-friendly roads that will be sustainable and durable as well? If there are roads that are not harming the environment anymore? This isnt just something that is for the future. There are countrie ...

DIY

Soil Testing: It’s all about that soil

Soil testing. The success of your harvest is all about the quality of the soil. And, the only way to ensure that you have the best soil, is to know what your soil needs.Many dont think that soil testing is needed. They are only adding nutrie ...

DIY

Mobile Work and Aluminum Platforms That Fit Your Needs

There are many domestic, trade and industrial applications where an extension ladder is the best and safest choice. Although many people try to make do with tall stepladders, most don't know it's hazardous to stand on the top work platform o ...

DIY

Truck Access Platforms That suitable for you

Looking to plan and specialist a few kinds of platforms that give your workers safe access to single or multiple hatches on an assortment of Tank Trucks. In the event that your administrators are as of now getting to the highest points of tr ...

DIY

How to Choose a Custom T-shirt Printing Company?

Be it a family event, a noble cause, company event, or personal interest, wearing custom t-shirts gives importance to it. The fame of personalized shirts is soaring high with this. More and more men and women are wearing custom shirts while ...

DIY

Moving Jurney By Interm Packers and Movers

They perceive the ins and outs of transferring so it's a protected option to allow them to deal with your whole belongings as a result of they'll do it proper and do it with care. When you might be in a predicament corresponding to not havin ...

DIY

Use a Vacuum Excavation for an Unearthing Project

You may very well get yourself that you have to utilise a vacuum excavation for an uncovering venture. This can be anything from disposing of a channel that is blocked or to penetrate a gap in the ground without harming the encompassing zone ...

DIY

Detailed Information about Non-Destructive Digging

At the point when you consider digging a gap in the ground, the principal thing that rings a bell is this ordinarily winds up a total wreckage around the gap.Be that as it may, there is one technique called non-destructive digging. This is t ...

DIY

A Complete Guide to buying a Vacuum Truck

Buying a vacuum truck are something that you should consider on the off chance that you are searching for another business opportunity. There are a few advantages to having this sort of business in the event that you have a completely prepar ...

DIY

Best Methods of Underground Cable Detection!

While we are continually fabricating and remolding properties, unearthing is unavoidable and can be attempted for an assortment of reason. What we are going to discover right now while playing out an exhuming, you should discover any undergr ...

DIY

Vacuum Trucks Can Deal with Exact Unearthing Needs!

Some intriguing data about vacuum trucks. That it will have the option to give in your precise excavation and drilling needs. You may imagine that those enormous trucks won't have the option to penetrate precisely, without harming anything a ...

DIY

Utility Locators - Locating Underground Cable

There are numerous reasons why it is imperative to locate underground cables. Also, if the Cables can't be found effectively, the fiasco will be immense and can be destroying.This is the reason you have to ensure that you know however much a ...

DIY

Important Information about Hydro Excavation

Hydro excavation is the way toward expelling or moving soil with pressurized water. An air movement or vacuum is then used to move the dirt or trash to a garbage tank. This takes into account a non-damaging and progressively exact approach t ...

DIY

Foam Bitumen - Lab Tests for Pavement Construction

Foam Bitumen. Something that you probably won't have found out about. All in all, for what reason would it be advisable for you to consider what the different lab tests on bitumen for asphalt development are? But on the off chance that you a ...

DIY

Soil Testing & analysing Is Worth the Effort

There's nothing of the sort as a free lunch, even in the nursery. Contingent upon your soil's local ripeness and what you develop, your plants may perform for quite a long time without requiring extra manure. Be that as it may, at some point ...

DIY

Soil Testing For Construction

Soil testing is a significant piece of building and street development. Truth be told, no development task can continue without first ensuring the soil can bolster the heap. Subsequently, the reason for soil testing for construction is to de ...

DIY

Soil Testing Services for Construction Projects

Regardless of whether you are building your fantasy home, making an expansion to your current home or building up a business property, there is one thing that is of most extreme significance, soil testing. There are various building consulta ...

DIY

Property Insurance

Property is Peoples HopeIt is not wrong to say that property is a hope and main aim of every person. People put all their efforts and then purchase some property for time ahead reliability and safety. This property is result of a long term s ...