Using incoterms pre-determines each party’s responsibility for that shipment. They are internationally used and recognised in trade.
Use incoterms in your sales contract
When you book shipments with a forwarder, shipping company or courier, you are only covered for a minimal value so you may need to take out extra cover.
Choose the best transport method
Shipping by sea is often cheaper with longer transport times, whereas air freight is quicker but more expensive. Choose the one that’s best for you and your customer.
Ensure you have the correct documentation
Research what is best for you and your shipment. Certain commodities and some countries require special documentation.
Choose a method of payment and terms you are comfortable with
A letter of credit is a common method of payment for overseas transactions but there are other ways as well.
Contact us at t.ward or see our website for further information
Exportingisgreat is a government resource with loads of information for first time exporters.