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Best Incoterms for Sellers and Exporters

Whenever an international trade transaction takes place, there are two parties involved, the buyer and the seller. While both enter …

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Import-Export Procedures in Malaysia: Best Practices

Malaysia is a rapidly developing economy and a key member of the Association of Southeast Asian Nations (ASEAN). The government …

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Vietnam Import Regulations: All You Need to Know

The average annual GDP growth of Vietnam in the year 2019 was 7.02%. After the drop in GDP during the …

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Letter of Credit vs. Bank Guarantee: Clearing the Confusion

Both a letter of credit and a bank guarantee are promises from a financial institution that a borrower can repay …

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Blockchain: Disrupting Cross-Border Trade in Southeast Asian Countries

International traders engaging in cross-border trade are leveraging the blockchain to disrupt operations for better output. While the technology has …

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Verifying the Business Registration of a Vietnamese Company: 3 Best Practices

Running a successful enterprise and engaging in international trade is a task that requires a lot of supervision and vigilance. …

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Amendment To Electronic Transactions Act In Singapore: Opening Up New Opportunities For Traders

February 1st, 2021 witnessed an amendment to the Electronic Transactions Act (ETA) which was passed in the Singapore Parliament. This …

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How to Lower Trade Costs Via Transparency

Engaging in the business of trade, whether local or international, can pay rich dividends but only if one has all …

Escrow: A Novel Idea for International Trade Payments

What is a Letter of Credit? International trade presents a range of risks, chief among which is the uncertainty between …

Letter Of Credit
Letter Of Credit Is Not As Cheap As You Think

What is a Letter of Credit? A Letter of Credit is a document issued by a bank. It establishes the …

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DDP: Meaning and Usage

The widespread use of the Internet and mobile devices, and the opening up of economies across the world have imparted a major boost to international trade. Small

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Export Customs Procedures

Export Customs Procedures

There are several basic steps that must be adhered to ensure your Company is ‘EXPORT READY’. There are several basic steps that must be adhered to ensure your Company is ‘EXPORT READY’. Before jumping ahead to export

Export Customs Procedures in Vietnam

In order to be able to conduct export business in Vietnam, a foreign investor must register with the Department of Planning and Investment (DPI). Additionally, foreign investors..

Export Customs Procedures in Thailand

Goods exported from Thailand require complete reporting to Customs and are subject to customs controls. Due to the automated nature of the e-Customs system, the export procedures..

Export Customs Procedures in Singapore

A step-by-step guide for Exporting from Singapore; Goods exporting from Singapore must be declared, even though there is no goods and service tax and duty levied. A certificate of origin, where..

Export Customs Procedures in Philippines

A step-by-step Export Procedures from Philippines – For first time exporters, there is a requirement to register with the Client Profile Registration System (CPRS) via the Philippine Exporters Confederation.

Export Customs Procedures in Malaysia

Step-by-step Export procedures in Malaysia – Some goods being exported from Malaysia may require a license. For goods which require a license, the Exporting entity must do a one-time registration with the concerned government agency..

Export Customs Procedures in Indonesia

The Exporters are required to register with Indonesia’s trade department to obtain a customs identification number (Nomor Identitas Kepabeanan, NIK). This is a personal identification number assigned by the..

Import Customs Procedures

Import Customs Procedures

What is import? Import can simply be defined as, the purchase/bringing in of goods from a foreign country to a demand country.

Import Customs Procedures in Vietnam

To import to Vietnam, you need to obtain an investment license and a business registration certificate from the Department of Planning and Investment (DPI). There is no separate import license in Vietnam – the investment license already..

Import Customs Procedures in Singapore

To begin the import process, the importer must obtain a Unique Entity Number (UEN) by registering with the Accounting and Corporate Regulatory Authority (ACRA), or another relevant UEN issuance agency, which will allow the exporter..

Import Customs Procedures in Philippines

Importation into the Philippines are subject to customs duties and taxes unless there is a special, legal basis for exemption from duties and/or taxes. The import duty and taxes apply for those shipment having been previously exported..

Import Customs Procedures in Malaysia

For all inbound shipment into Malaysia whether or not subject to import duties must be declared in writing on Customs Form No. 1. All custom declarations should indicate a complete and accurate account of the total number..

Import Customs Procedures in Indonesia

To be legally importing in Indonesia, importers – who may be a person or company – are required to register with Indonesia’s trade department and obtain a customs identification number (Nomor Identitas Kepabeanan, NIK). Besides NIK…

Import Customs Procedures in Thailand

The procedures for importing goods into Thailand have been centralized into the online e-Customs system. In order to register for the system, the importer must already possess a ‘digital certificate’. Once a digital certificate is in place..

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