Understanding Importer of Record (IOR) in International Trade
Businesses everywhere want to sell their products around the world. This is global trade, and it’s a great chance to grow. But trading with other countries can be tricky. There are rules, taxes, and lots of forms to fill out. If you make a mistake at customs, your goods might get stuck, costing you time […]
Exporting to the USA: A Complete Guide for Indian Businesses
The USA isn’t just a big market; it’s India’s biggest export market, offering a goldmine of opportunity for Indian sellers. Trade between the two nations is booming, reaching a massive $128.55 billion in recent years. Imagine the potential for your products in that vast landscape! However, cracking the US market as an eCommerce seller from […]
Payment Terms in Export Explained: Understanding EXW, FOB, CIF
If you want to sell your goods to other countries, that’s great for your business! But when you sell overseas, it’s important to know about payment terms. Terms like EXW, FOB, and CIF are not just shipping words. They are key to understanding who is responsible for what when you sell to buyers in other […]
Types of Cross-Border Payment and Their Usecase
Businesses today operate in a global marketplace. We see this in the numbers: in 2022, consumer payments across borders were $2.8 trillion, and business-to-business transactions went over $150 trillion. For businesses that want to grow, knowing about cross-border payments isn’t just helpful; it’s essential. International payments can seem complicated at first. But there are ways […]
Incoterms 2025: Everything Exporters Need to Know
The Incoterms 2025 are important rules of international trade that explain the duties of the buyer and seller in a global transaction. It was developed by the International Chamber of Commerce to make businesses deal with shipping, insurance, customs, and logistics more efficiently. If you are an exporter with many years of experience or entering […]
Customs Duty on Export: A Guide for Rates, Exemptions, and Compliance
When companies do business internationally, people often talk about import duties, but there’s also an export customs duty. This is a tax that some governments charge on products leaving the country. Most countries prefer taxing imports, but exports are sometimes taxed to manage trade balance, generate revenue, and protect local industries. Export duties vary based […]
Understanding Bank Guarantee: Types, Benefits, and How They Protect Your Business
A bank guarantee is a form of financial guarantee issued to fulfill an obligation of two parties toward each other. Usually, guarantees are issued by a bank for the benefit of a third-party beneficiary, securing the applicant (either individual or business in question) will meet their respective financial or performance obligations. Failure on the applicant’s […]
Freight Forwarders: An Updated Guide for 2025
International trade depends on the seamless shipping of goods across borders. However, managing the logistics of such shipments can be overwhelming, especially if you’re new to the process. This is where freight forwarders come in. But what exactly is a freight forwarder? Are they just a shipping company? Or do they play another role? In […]
Shipping Bill in Export: A Complete Guide
International trade involves extensive paperwork, and one of the most essential documents for exporters is the shipping bill. This document is crucial for obtaining customs clearance and ensuring the legal export of goods. Whether shipping fruits, vegetables, or machinery, understanding the shipping bill is key to smooth logistics and compliance with customs regulations. In this […]
The Complete Guide to HS Codes
Communication is key in international trade. In that respect, one of the most powerful tools for smooth communication between businesses, customs officers, and traders around the world is the Harmonized System (HS) code. These codes help businesses, customs officers, and traders worldwide understand exactly what products are being shipped. Whether you’re just exploring international trade […]
What is Remittance Advice?
A remittance advice is a useful note accompanying the payment. It informs both the payer and the payee what the payment is for. This simple document helps everyone remain clear about where the money is going and what it covers. Remittance advice, in business, is usually utilized to make the processing of payments easier and […]
The Ultimate Guide to Proforma Invoices: Everything You Need to Know
Business and business transactions heavily rely on clear communication between the buyers and the sellers. This can be assured in their usage of proforma invoices. Rather than a simple bill to be given as a preliminary one, a proforma invoice serves more than this. Be it accountants, business owners, or procurement officers, a proforma invoice […]
