Practical export-import articles from the iiiEM expert team.
Shipping products to another country do require that the product complies with that of the export regulations for leaving the country, as well as meets the destination requirements for entering into another country. To do that, one needs to make sure all his documents are in order. Mistakes or non -compliance can slow down… Read More »
Mistakes in Export Documentation: How They Affect Buyer Payments and Government Benefits in India A small error in an export document can create a big problem. A mismatch in the invoice number, shipping bill, product details, quantity, value, GSTIN or bank account may delay payment from the overseas buyer. It can also hold up an… Read More »
The object of supply chain management is to render maximum customer value while maximizing profits and controlling costs. Various best practices have been covered in this post that can help a business improve its customer service offerings and decrease the costs associated with managing product returns. Below are the best tactics to follow that will… Read More »
In part 1, we learned about preparing clear return policy, smart serial digits, warranty assistance, RMAs, and arranging for standardized return procedure. In this post, we will learn about other seven tactics to further your knowledge on cleverly handling product returns with almost nil profit drains. Substitute returns for repair processes Many computers… Read More »
Trade Advisory for Indian Exporters Key Cautions to be followed during the war situation. Global conflicts—whether in the Middle East, Europe, or key maritime routes—directly impact freight, insurance, payments, and delivery commitments. Indian exporters must act with heightened caution in two critical situations. 1. When Cargo Has Already Left Indian Shores (In-Transit Shipments) 2. When Purchase Order… Read More »
In international trade, the biggest fear for an exporter is shipping goods and not getting paid. Conversely, an importer fears paying and never receiving the goods. Professionals bridge this gap using specific payment terms and insurance tools to manage risk. 1. Payment Methods (Ordered by Safety) Logistics and trade professionals use a spectrum of payment… Read More »
How Payment Terms and Incoterms Affect Export Pricing: A Guide for New Exporters How do Incoterms and payment terms affect export pricing? This is an important question for every new exporter. When preparing an export quotation, many beginners calculate: Product Cost + Profit = Selling Price But international pricing is not that simple. Your Incoterm… Read More »
What is Marine Insurance Marine Insurance protects exporters, importers, and logistics operators against financial loss or damage to cargo during transit, whether the movement is domestic or international. Marine insurance covers goods in transit — international OR domestic. Why Marine Insurance is important in Export Import business? In international trade, goods face many risks: Damage… Read More »
Understanding Marine Insurance Marine Insurance is a risk protection mechanism in export–import trade that covers loss or damage to goods during transit by sea, air, or land. It safeguards exporters, importers, and banks against financial loss arising from accidents, theft, fire, or natural calamities.The coverage operates in line with the transit and risk transfer defined under… Read More »
How to Protect Export Income from Currency Fluctuations? Risk Management for Indian Exporters Currency exchange rates can change between the time an Indian exporter receives an order and the time the payment is received. A sudden fall in the foreign currency against the Indian Rupee can reduce the exporter’s actual earnings. So, how can exporters… Read More »
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