GOST-R certification refers to the Russian Federations mandatory certification system authorized by the Russian government. It applies to all products and services sold in the Russian market, covering various fields such as industry, technology, agriculture, healthcare, environmental protection, and information technology.
For export agency companies, providing accurate and complete documentation is crucial, as documentation accuracy and completeness directly affect whether goods can be smoothly exported and whether additional costs or delays will occur during the process. Below are key documents export agencies need to provide and suggestions for ensuring documentation accuracy and completeness.
In a letter of credit transaction, a letter of credit is a bank guarantee, usually issued by the buyers bank, guaranteeing that the buyer will pay the purchase price to the seller in accordance with the contract. The following are the clauses and requirements of a letter of credit:
In international trade, the transportation of goods involves many documents and procedures, one of which is the Destination Release Order. However, this term may be unfamiliar to many. Below, we will explain in detail what a Destination Release Order is and its role in international trade.
PSB certification is a mandatory safety certification in Singapore. It requires that listed electrical products must be PSB - certified before they can be sold in Singapore.
Import inspection is a prerequisite for cargo customs clearance. Currently, import inspection consists of three main parts: 1. Declaration; 2. Sampling; 3. Inspection.
A bankers acceptance bill refers to a bill issued by the acceptor and entrusting the accepting bank to unconditionally pay the specified amount to the payee or the holder of the bill on the specified date.
Telegraphic Transfer (T/T) is now a relatively common foreign trade payment collection method. Payment is made through bank transfer. The remitting bank, in accordance with the requirements of the remitter and the instructions of the foreign remitting bank, settles a certain amount of money to the payee.
There are four commonly used payment methods in international trade, namely Telegraphic Transfer (T/T), Letter of Credit (L/C), Documents against Payment (D/P), and Documents against Acceptance (D/A).
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