Export Import Glossary

Here is export import glossary for you to understand the related and involved terms, Ad Valorem According to the value. For example, an import duty rate of 10% ad valorem means 10% of the value of the goods. Agent An independent person or corporation acting as a representative, usually in a foreign market, who attempts […]

Why Export?

WHY SHOULD I EXPORT? “Every time I open a business magazine there’s another article telling me I should export my products. I’m comfortable with my local sales, I don’t know anyone who exports, and exporting sounds scary. So what’s in it for me?” Perfectly reasonable thoughts if you haven’t looked at exporting yet. Of course […]

Freight Forwarder : A Complete Guide

Freight Forwarder – AN EXPORTER’S BEST FRIEND by Bob Ronai Australian SME’s engaged in exporting will do well to have a local “best friend.” That best friend is an efficient and friendly freight forwarder who looks after the movement of their goods and gives relevant advice when requested. Sometimes exporters refer to them by confusing […]

Letters of Credit for Export Marketing

LETTERS OF CREDIT AS AN EXPORT MARKETING TOOL You’re relatively new to the exporting game. Sure, you’ve had a few nibbles, sent a couple of little shipments off by courier and taken payment by credit card. But now it’s time to get into “real” exporting and you’ll need to work out, amongst other things, your […]

Offshore Exports

Many Australian companies find themselves in an interesting situation with their exports originating in other countries so the goods don’t actually touch the Land of Oz. There are typically two reasons for this: 1. The existing exporter who was manufacturing in Australia but found that it became cheaper to outsource that manufacturing to overseas companies. […]

Export Documents

PAPERWORK, PAPERWORK, PAPERWORK! Exporting seems to thrive on paperwork, never-ending paperwork. Why is that, and what are all the different documents for? The biggest difference between a local sale with its minimal paperwork and an export sale is that Customs in both the exporting and importing country are involved, plus extra layers of transport operators. For a local sale the […]

Incoterms 2010

The sales contract for every export transaction contains a three letter acronym, most commonly FOB, CFR or CIF. However, most exporters and their overseas customers don’t know exactly what they stand for or exactly what they mean, just that they’ve been using them for years. In late September 2010 the International Chamber of Commerce (ICC) released their […]

Incoterms 2010 Chart

INCOTERMS® 2010 Incoterms 2010 Chart is prepared by Import-Export Services Pty Ltd For illustrative purposes only. The full text of the rules are contained in International Chamber of Commerce publication 715 The word “Incoterms” is a registered trademark of the International Chamber of Commerce   RULES FOR ANY MODE OR MODES OF TRANSPORT Suitable for […]