1.Regulatory Compliance
- Import/Export Licenses: Many countries require specific licenses for certain goods.
- Customs Regulations: Compliance with the customs laws of both exporting and importing countries.
2. Documentation
- Commercial Invoice: Details of the sale between the buyer and seller.
- Bill of Lading: A contract between the shipper and carrier, serving as a receipt.
- Certificate of Origin: Verifies where the goods were manufactured.
- Packing List: Details the contents of the shipment.
- Export Declaration: A document submitted to the customs authority to declare goods for export.
3. Tariffs and Duties
- Understanding applicable tariffs, import duties, and taxes that may apply to the goods.
4. Payment Methods
- Selection of payment methods (e.g., letter of credit, advance payment) that provide security for both parties.
5. Insurance
- Arranging for appropriate insurance coverage for goods in transit.
6. Quality Standards
- Ensuring that products meet the quality and safety standards of the importing country.
7. Trade Agreements
- Familiarity with any applicable trade agreements that might affect tariffs or trade barriers.
8. Logistics and Shipping
- Coordinating the transportation of goods, including selecting shipping methods and carriers.
9. Risk Management
- Assessing and managing risks associated with international trade, including political, economic, and currency risks.
10. Dispute Resolution
- Establishing mechanisms for resolving disputes that may arise during the trade process.
