In today’s global marketplace, understanding the true cost of importing goods is crucial for businesses to remain competitive and profitable. Landed cost is a key concept that encompasses all expenses involved in getting a product from its point of origin to its final destination. This comprehensive figure goes beyond the basic purchase price, providing a
In the intricate dance of global trade, the precision of agreed terms is pivotal. Among these, DPU Incoterms (Delivered at Place Unloaded) stand out as a crucial set of regulations that dictate responsibilities between buyers and sellers regarding the delivery of goods. These shipping terms not only clarify the logistical responsibilities but also allocate the
Navigating the complex landscape of international trade necessitates a deep understanding of Ex Works Incoterms, an essential aspect that defines the division of costs, risks, and responsibilities between buyers and sellers. Ex Works, often abbreviated as EXW, sets a clear demarcation point where the seller’s obligations end and the buyer’s begin, playing a pivotal role
Export or Commercial Invoice A Commercial Invoice (also referred to as an Export Invoice) is a primary document used during international trading activities. It includes commercial obligational information between the buyer and seller, along with the content of the package/consignment, and is the foundation of all other documents required for exporting goods overseas. The information
What is a CN22 Form? A Customs Declaration CN22 Form is a customs document declaring the contents of your consignment to customs authorities. It states the nature of the goods, including a detailed description; their value; country of origin, and if known the customs tariff number (HS Code). You can easily find a CN22 form
This blog provides a step-by-step guide on how to generate a Purchase Order (PO) or a range of POs, based on the Bill-of-Materials (BoM) needs/demand and current in-stock levels. Use this functionality, if you’re planning on making/manufacturing something to a particular quantity and want to know if you’ve enough stock-in-hand to support the build process
A Commercial Invoice (CI) is a primary document used during international trading activities. It is sometimes called an ‘Export Invoice’ and includes information about the contents of the package/consignment being sent. The CI is, therefore, the foundation for all other documents required in exporting goods overseas, which means the information contained on all other shipping
Sign-Up and use WU-EDGE from EdgeCTP Within EdgeCTP, if you’ve signed up to the EdgeCTP plan or above, then Western Union Business Solutions Live Spot FX Rates are already available to you. Just change the document currency in any of the financial documents and you’ll get an FX rate in the product lines. If you’ve
This post provides you with a step-by-step guide on an efficient method for getting a Formal Undertaking to your chosen Chamber of Commerce. With EdgeCTP (or the free basic package EdgeCERTS) you can get the system to automatically generate and send the Formal Undertaking to a Chamber of Commerce, with just one click! Use this
