Preparing a detailed quotation to your foreign buyer upfront can reduce significant costs and challenges later when shipping and invoicing the goods.
Why this matters to your business:
Identifying the responsibilities of the seller and buyer during the quoting phase can significantly reduce the risk of having to pay unexpected transportation, storage, and other costs down the road, and speed up the payment process. This webinar will show you how:
To clearly state the Incoterms® Rule to be used so parties know their costs, risks, and responsibilities
- The details on the Proforma help the buyer communicate with their bank when using a prepayment or Letter of Credit payment term
- Providing a six-digit tariff classification (Schedule B/HTS) during the quoting phase can help the buyer calculate import duties and taxes.
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