Globematic

The Basics of Documentary Collection

What is a Documentary Collection? A documentary collection is a transaction where documents are used against payment collection.   The exporter entrusts payment collection for a sale to its bank.  The exporter does this by having its bank send the documents that the buyer needs to the buyer’s bank.  Instructions on how to release these documents …

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13 Things You Need to Include on a Pro Forma Invoice

A pro forma invoice is a quotation formatted like an invoice that the seller issues to an international buyer when they have inquired about a product. Here is a list of thirteen items that should be included on your pro forma: Invoice Clearly Marked as “Pro Forma Invoice” Buyer’s Reference Number and Inquiry Date Names …

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Four Key Exporting Elements That Can Affect Your Product’s Price

An important component of successfully selling your product or service in a foreign market is to set the correct price for that market’s consumer.  This process involves looking at elements specific to exporting that you do not take into account when pricing your product for the domestic market.  This article addresses four key elements that …

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Five Things You Need to Consider to Properly Price Your Product for a Foreign Market

A crucial component to successfully selling your product or service overseas is to properly price your product for the foreign market.  This can be a challenging and tricky task that requires weighing your company’s objectives with your costs, market demand and competition in the foreign market.  The following five questions will help you to better …

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U.S. to Impose 10% Tariffs on Additional $200 billion of Chinese Imports

July 10, 2018 BREAKING: According to the U.S. Trade Representative (USTR), “as a result of China’s retaliation and failure to change its practices, the President has ordered USTR to begin the process of imposing tariffs of 10 percent on an additional $200 billion of Chinese imports. This is an appropriate response under the authority of …

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