In the export trade, the basic process mainly has the following points:
First, confirm the main transaction details。
The exporter communicates with the foreign importer to reach the intention of cooperation and determine the main transaction details。Such as: unit price, quantity, shipment date, quality requirements, payment terms and so on。
Second, the two sides sign a trade contract
According to the preliminary intention reached before, the import and export parties prepare a trade contract。The main contents of the contract are: the basic information of the import and export parties, commodity name, unit price, quantity, quality requirements, port of shipment, port of destination, delivery date, payment method, etc。Once the contract is in effect, move on to the next step。
Third, production, preparation and delivery according to the contract
The exporter shall organize the raw materials, produce and prepare the goods according to the contents stipulated in the contract。After the goods are ready, export declaration procedures shall be completed according to the mode of transport agreed in the contract。In the meantime, quarantine inspections are needed。After the export declaration is completed, the goods will be shipped。
Fourth, go through the procedures for issuing documents and claiming foreign exchange
After receiving the bill of lading, the exporter is ready to send the bill of lading in accordance with the payment terms agreed in the contract。
If the payment method is L/C and collection method, the exporter needs to deliver the invoice, packing list, bill of lading and other shipping documents to the opening bank, the bank will handle the invoice and foreign exchange claim procedures for it;If payment is by remittance, the exporter will issue the invoice himself。
Fifth, foreign exchange collection and settlement
After receiving the goods, the foreign importer shall go through the payment procedures at the bank where the goods are located;After receiving the payment, the exporter's bank shall notify the exporter to handle the remittance formalities。
Exporters can send money directly, or they can leave it in the company's foreign currency account for later payment, or they can send money when the exchange rate is right。