Archive for August, 2007
Within the first month, we received almost 100 inquiries from buyers worldwide
- Posted by Oliver in Success stories
- 2007, August 31st
"We are a joint-venture company, specializing in twist drills exported worldwide. Fierce competition led us to look for a more competitive way to widen our export market. We joined the tootoo community in July 2007, and our company has found advertising on tootoo Online to be very rewarding. Within the first month, we received almost 100 inquiries from buyers worldwide, and we've already signed 2 contracts with buyers. A buyer from
Singapore even paid a special visit to our company and plans to source from us this year. I'd like to thank tootoo for their excellent help. We are confident that we can attract more and more buyers through tootoo Online. For our part, we will continue to make further efforts to explore more opportunities through tootoo Online. Thanks again!"
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We succeeded in having 1.56Lenses,3mm plastic from Korea & China
- Posted by Dorisniuniu in Success stories
- 2007, August 31st
Dear Sir, This is Mr. Tahir Munir Khan, Proprietor of M/s. Tahir & Company, M/s. Venta Company -
Malaysia1. We got success in having source for Cr-39 super hard multi ion coated middle index 1.56 Lenses from
Korea. We signed agency agreement and placed first order. 2. We are also going to final our deal on agency basis for 3mm golden color plastic beads in string from
China. The above all has been done by placing our ad. on tootoo.com .We again thanks for tootoo.com which helped us in our import business. We are also certain that in future we shall have your great help & cooperation then before. Thanks. Yours sincerely,
Article has 1 Comment.
What is Commercial Invoice?
- Posted by Lawrence in Trade knowledge
- 2007, August 31st
Tag : customes, invoice, order
A commercial invoice is a bill for the goods from the seller to the buyer. Commercial invoices are utilized by customs officials to determine the value of the goods in order to assess customs duties and taxes. In general there is no standard form for a commercial invoice although they tend to contain many of the following features: 1.seller's contact information
2.buyer's contact information 3.consignee's contact information (if it is different from the buyers)
4.invoice date
5.a unique invoice number
6.payment terms
7.currency of sale
8.full quantities and description of merchandise (Generally this includes unit price and total price. Product descriptions should be consistent with the buyer's purchase order. Including the Harmonized System commodity codes can be helpful, especially in countries that are WTO members.)
9.certification that the invoice is correct (Standard language is "We certify that this invoice is true and correct."
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Import License for China Sourcing
- Posted by Lincoln in Trade knowledge
- 2007, August 31st
Tag : import, license, sourcing
Persons intending to enter intoChina sourcing must obtain importing licenses from appropriate agencies by meeting the requirements. This doesn’t mean that U.S. Customs Service requires China sourcing party to have a license but other agencies may, depending on what is being sourced.
If you are China sourcing toys, sea foods, birds or animals for example, you need to obtain licenses from departments like pollution control and safety, and Department of Agriculture - particularly the Animal and Plant Health Inspection Service, Plant Protection and Quarantine Program etc.Import license for China sourcing is issued upon payment of requisite license fees. You can initiate licensing procedure upon receipt of a copy of the End-User Statement either through facsimile or physically. This statement is no license in itself for China sourcing as long the receipt and retention of the original statement is in your handsEnd User Certificate for
China SourcingIn cases such as you are China sourcing for others, you are required to apply for the license under “Ultimate consignee and Purchaser statements” within 60 days of receiving a communication from the BIS authorities. However, note that subsequent license applications for China sourcing must be supported by the first license or this import End User Statement within 6 months of the date signed.Your request for Import Certificate must be only those items that are controlled for national security (NS) reasons. It is mandatory for the end users to have obtained an end user statement for each item listed in the license application, especially for China sourcing 748.9 (c)2.Multiple Use Certificate for China Sourcing license or the End User Certificate may be availed for multiples uses and multiple items. A multiple China sourcing license is permitted provided you certify that the total of individual items for which licenses are sought don’t cross the total permitted by above certificate.Having accomplished this, you must get your facility inspected for compliance which requires you to pay the appropriate fee. As a China sourcing trader, it is your duty to determine the appropriate classification number of the merchandise you are sourcing from China in each consignment.For anyone aspiring toChina sourcing for domestic distribution, a huge amount of self motivation and patience will be essential in order to complete the requirements and to deal with the multilayered bureaucracy. But having eyes fixed on China sourcing, nothing can probably deter you, not even the political implications, nor the license fees.
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Brand Yourself and Promote Your Product
- Posted by Lincoln in Trade knowledge
- 2007, August 31st
Tag : brand, business, product
It is amazing; just how many people online are looking for ways to earn a comfortable living from their home base. However, the sad truth is that over 95% of home business owners never make a profit online and/or rarely break even! Sadly, even in today's online market, many business owners have no idea how to effectively market their online business. In addition, they don't understand the importance of "branding" their name to build an online presence and quality online reputation.To welcome online success, "branding you" should be the number one online business owners' priority. Every novice marketer should know, it is detrimental to their online longevity that they maintain a squeaky clean reputation and image.
Many online business owners tarnish their name, by promoting worthless downloadable software and eBooks. It is a good idea to test-drive any eBook or software package before you decide to promote the product as an affiliate marketer. It's not an intelligent idea to promote worthless products to your opt-in list, so be careful what you endorse online.Another area where you can ruin your branded name reputation online is business opportunity hopping, or program jumping. To highlight this point, I will talk about only five popular online business programs that are heavily promoted online. The programs are Perfect Wealth Formula, edc Gold, Passport to Wealth, Wealth Magnet System and Roadmap to Riches。Lets go back a few months to when Passport to Wealth launched in February 2007. Since February I have seen the same top earners, jump from (1) edc Gold to (2) Passport to Wealth to (3) Perfect Wealth Formula to (4) Wealth Magnet System and now to (5) Roadmap to Riches. What a great way to earn instant cash daily! Now. I am not saying, that all these business opportunity promoters are all tarred with the same brush, but in amongst this group of business promoters are a few bad eggs, that like nothing more than to take your hard earned money and thereafter never return your emails or phone calls.The good news is it doesn't take long before the online internet community, catches onto these dirty quick cash generating tricks and unlike the offline business world, this type of underhanded home business owner can't move to another state or country, and start all over again!To welcome online profit, firstly brand and protect your name. Next make sure you do your research and only promote quality products. To eliminate failure, in your first year of online, it is a good idea to find yourself a personal mentor to educate yourself in online advertising and marketing techniques.To conclude, every new internet business promoter should understand that online marketing success doesn't happen overnight; sometimes it can take 2-3 years to build a successful online presence. I believe, perseverance is the key to success, with any Internet business and online marketing endeavor.
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Role of Banks in International Trade
- Posted by Nicholas in Trade knowledge
- 2007, August 31st
Tag : none
It is impossible to be in international trade without involving your bank for all the services they provide such as advice on financial issues and the potential risks involved. It is true that one critical hurdle for SMEs is the lack of information on international trade processes, documentation and banking procedures necessary to carry on with business abroad. For result oriented and cost effective international trade, you will very definitely need access to accurate and timely information and a sound knowledge of banking. Payment Options in International TradeQuite obviously all payments in an international trade are made through bank either by way of wire transfer or check with the latter not being preferred for not being the quickest. The following are some of the common ways of payment modes in international trade.
Banker's Draft is a cheaper option and easier to obtain but there is a risk of loss in transit. The only advantage it has against check is quicker credit that the exporter gets.
Letter of Credit. This international trade instrument is mutually convenient for both the parties. The exporter gets paid once he produces the copy of BoL (bill of lading) which he receives from the shipping company and the LoC, to the bank, regardless of whether the consignment as arrived at destination or not.
Wire transfer is by far the fastest and the cheapest option in which the importer will instruct his bank to transfer the amount to the exporter’s bank account. The first time, the transfer happens in about 10-15 days depending on the destination country and the routing bank. International wire transfers are made through intermediary banks/correspondent banks.
Although not in a big way, some China manufacturers accept Paypal for smaller amounts such as US$5,000 but require 3% extra to compensate for the charges. Paypal is the quickest and easiest mode of payment in international trade.Banks that are serving international trade, understand the crucial role they are required to play. Many large banks maintain worldwide correspondents to provide quick delivery of actual currency, wired money or drafts. You may choose your bank for international trade account on the basis of whether the bank can extend advances against the account receivables. Bank may, however, require your account secured through export credit insurance provided by Export Import Bank of
Article has 2804 Comments.
Trade funding and payment
- Posted by Jeremy in Expert Blogs
- 2007, August 24th
General introduction to the three main ways of settling payment and a trade time line for calculating necessary funding.
The trade time line
From your knowledge of your supply chain, you should be able to calculate your funding needs. Consider:
• How long is the suppliers lead time before they start manufacturing.
• How long is the manufacturing period?
• What payment terms are you buying on?
• When will you have to make payment?
• Where will goods be shipped from & to?
• How long will this take?
• What will this cost?
• How long does it take to clear customs?
• What will this cost?
• How long will goods be in your own storage?
• What payment terms do you sell on?
• How long do your customers actually take to pay?
• What is the difference between when you have to pay your supplier and when you realistically expect to be paid by your customer?
• If you want to use invoice discounting, remember it can only be considered once you have raised your invoice to the debtor.
• It can quite easily be three months, or more between an order being placed and funds being received from your debtor.
Settling Payment
There are three main ways of settling payment. These have an inverse relationship between what is most secure for the exporter and what is most secure for the importer.
• Payment on open account is most secure for the importer, but least secure for the exporter, who would prefer.
• advance payment, putting the risk on the importer.
• Documentary collection and documentary credits are less risk for both sides, although they are only as good as the quality of the documents.
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How to Select an Effective Freight Forwarder
- Posted by Oliver in Trade knowledge
- 2007, August 24th
Tag : none
Freight Forwarding is a vital part of international trade activity. The company will face many difficulties if it does not take into account how the goods will be delivered to the market. The issue of freight forwarding must be considered at an early stage of the development of the export marketing plan as it raises several concerns that need to be addressed quickly. Not only does the exporter need to understand which INCOTERMS to stipulate and work to, but the method of transport also needs to be considered (see road, rail, sea , air). Packaging is also another factor that needs to be considered, as is insurance. Much of the hassle can be taken out of the exporter’s hands by using an effective freight forwarder, but as with any supplier care needs to be taken to ensure that the supplier meets the needs of the organization. selecting a effective forwarder is very important, we provide some tips for your reference.Freight forwarders play a very important role for exporters. Here are few of the many activities that you will conduct as a freight forwarder:
1.International documentation and packaging
2.Carrier and routing information
3.Export license assistance
4.Marine insurance rates and coverage
5.Warehouse and distribution services
6.Hazardous materials shipping compliance information
There are certain criteria to take into consideration when selecting a freight forwarder to undertake export transportation.
1. Cost: Keeping costs down will always be one of the most important criteria for any exporting company, so it is important to approach more than one forwarder in the first instance to ascertain the best price. Rates between forwarders always vary because some forwarders specialize in some destinations but not others, so their rates for those areas will invariably be better. Always attempt to find out whether the service to the destination you require is the forwarder’s own service, or whether they will subcontract the work to another forwarder – subcontracted work will usually be more expensive.
2. Members of the British International Freight Association (BIFA). ‘BIFA’ is the professional organization for freight forwarders: to qualify for membership, forwarders must adhere to certain standards and regulations. This results in a general standard, which must be maintained in all areas of their operations. However, whilst it may be preferable to the exporter for the freight forwarder to be a member of BIFA, it is not illegal for them to operate without membership and does not mean they will not be able to offer a quality service.
Article has 4505 Comments.
JC9 JINTONG brand PCR tyre
- Posted by Opulence in Hot products
- 2007, August 24th
Tag : none
The strong tire with high quality and high performance brings you stability and safety.
Article has 271 Comments.
T/R fabric(714)
- Posted by shineholding in Hot products
- 2007, August 24th
Tag : none
ITEM:714
Weight(G/M):320
Width:58"/60"
Composition(T/R):T80/R20
Yarn:50s/1*30s/1
Density:184*94
Article has 498 Comments.
14W Linen/Cotton Corduroy
- Posted by changzhoutaiyi in Hot products
- 2007, August 24th
Features:
1) Materials: cotton, linen
2) Width: 43/44, 57/58
3) Applications: garments, curtain, and toys
4) Packing: standard export packing
Article has 1 Comment.
Precision parts
- Posted by ShenzhenTongyi in Hot products
- 2007, August 24th
Precision parts Workshop has 50 sets equipments, which includes CNC lathe, CNC machining centre, automatic lathe, instrumental lathe, milling machine, surface grinder, internal/external grinder, centerless grinder, gear hobbing machine, drill press, tapping machine etc.
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Electrode Holder
- Posted by alltrue in Hot products
- 2007, August 24th
Tag : alltrue, electronic, product
Made of Quality Material.
Size:500A
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Wooden table A-1801
- Posted by zhufu in Hot products
- 2007, August 24th
Table size:79(L)*48(W)*75(H)
Carton size:77(L)*47(W)*11(H)
G.W:18KG
40HQ: 2030PCS
Article has 1 Comment.
COOKING WINE
- Posted by Shaoxingtangsong in Hot products
- 2007, August 24th
Spec: 3 LITER X 4/CTN
Size: 950 CARTONS PER ONE 20 CONTAINER
Article has No Comments.
