Due to the complexity of cross - border transactions, claims under export credit insurance are extremely complex. More specifically, claims under export credit insurance activities include four main parts.
Telegraphic Transfer (T/T) is now a relatively common foreign trade payment collection method. Payment is made through bank transfer. The remitting bank, in accordance with the requirements of the remitter and the instructions of the foreign remitting bank, settles a certain amount of money to the payee.
There are four commonly used payment methods in international trade, namely Telegraphic Transfer (T/T), Letter of Credit (L/C), Documents against Payment (D/P), and Documents against Acceptance (D/A).
The definition of international trade is simple: trade occurring between nations involving goods, services, or technologies. It can be broadly categorized as follows:
Professional import agencies can reduce customers customs clearance risks and, more importantly, optimize import plans to further improve clearance efficiency.
A key link in international trade is import/export customs declaration, which determines whether goods can cross borders smoothly. Today well discuss declaration elements in import/export customs forms to help you navigate this process.
The export agency process is not merely about material declaration but involves a stringent and complex review procedure. Only export agency firms with extensive experience can help companies shorten pre-consultation time, save costs, and ensure smooth export operations.