Category Archives: iiiEM

What are Ex- factory terms in Imports and Exports

Ex-works terms or ex-factory terms are commonly been used in the business of import and export. Understanding these terms is important to undertake any import/export business from any country successfully. Ex-factory price means, the selling cost of goods from Seller’s factory. If a buyer agrees to ex-works terms, he/she would be liable to undertake all… Read More »

How Can You Prepare an Export Quote?

Generally, an export transaction would begin with buyer requesting for quotation form to the seller. Quote serves as a promise in form of a formal statement by the seller that he would provide the product at a specified time and price. Seller would be presenting the quotation in proforma invoice form. The seller needs to… Read More »

Which Mode of Transport is right in Export Import Business?

It is very crucial to understand and know what type of transportation will be cost effective and efficient. For international trade, mode of transport and distribution are been considered as the key factors. The choice would actually depend based on – Higher customer services Timely delivery schedules Lower logistics cost Proper inventory levels Import and… Read More »

How to send Samples to a Foreign Buyer

  Sampling is the first step ahead on the journey of Exporting! As a professional working in the Foreign Trade Industry, I have witnessed a lot of fresh exporters bogged down with a lot of doubts, worries, and concerns about sending out samples to another Country before the buyer finalizes it.  As soon as they… Read More »

Why You Need to Adopt a Customer-Centric Approach to Your Supply Chain Ventures?

In today’s demand-driven omnichannel environment, there are many occurrences in which customer expectations are not filled. In a huge part, this happens because companies’ supply chains are not devised to meet the new demands of omnichannel distribution. An ideal supply chain strategy must able to return customers’ desires by becoming “customer-centric.” The eCommerce leader, Amazon… Read More »