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Some general guidelines and practical considerations F.E.P. INTERNATIONAL TRADERS, INC.
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Established: November 1988 Objective: Export of equipment, parts and supplies to the mining industry in Peru Employees: 2 full time, 1 part time Type of operation: Small business F.E.P. INTERNATIONAL TRADERS, INC.
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Morty Weisselberg B.Sc. Engineering, B.A. Economics – N.C. State University – 1970 1970 – 1973 – Planning officer – Ministry of Industry and Trade, Peru 1973 – 1976 – Finance manager – ENCI – Government Trade Corp, Peru 1977 – 1988 – Finance and Admin. Manager – UMETAL, Lima Peru 1988 – Current - Owner – Manager, F.E.P. International Traders, Inc. F.E.P. INTERNATIONAL TRADERS, INC.
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Identify your market(s) – Where? Why? Identify the products you want to export Marketing objectives: Industrial or consumer? Marketing level: Local distributor or end user? How are you going to market your products? Market and product knowledge F.E.P. INTERNATIONAL TRADERS, INC.
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Internet Yellow pages Indexes (Fraser’s, Canadian Trade Index, Thomas Catalogue, etc.) Dept. of Foreign Affairs and International Trade. Trade associations F.E.P. INTERNATIONAL TRADERS, INC.
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Organizing your company Why is it important? Choices: In house, outsourcing, combination Integrated sales administration and accounting (Quickbooks, etc.)
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Receiving an RFQ (Request For Quotation) Obtaining a quotation from a supplier Providing an accurate and timely estimate to your customer Receiving a purchase order Issuing a purchase order to your supplier Receiving the goods Issuing the documents Shipping the goods Submitting documents to customer/bank Getting paid F.E.P. INTERNATIONAL TRADERS, INC.
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What are they? Why are they necessary? Who abides by them? F.E.P. INTERNATIONAL TRADERS, INC.
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Invoice Packing list Shipping document (courier or airway bill or bill of lading) Other documents Certificate of origin Quality certificate MSDS Dangerous goods documentation F.E.P. INTERNATIONAL TRADERS, INC.
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A. Direct Payment with purchase order Payment prior to shipment Payment against shipping documents B. Through a bank Payment against shipping documents through a bank Letter of credit F.E.P. INTERNATIONAL TRADERS, INC.
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Transportation (inland or overseas) Warehousing Inspection Preparation of documents Shipment of merchandise Delivery of documents to customer Collection of funds F.E.P. INTERNATIONAL TRADERS, INC.
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Courier Air freight Ocean freight F.E.P. INTERNATIONAL TRADERS, INC.
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Sample Documents Incoterms DHL.pdf Incoterms DHL.pdf CAED B13.pdf CAED B13.pdf Invoice.pdf Invoice.pdf Packing List.pdf Packing List.pdf Airway Bill.pdf Airway Bill.pdf Shipping instructions.pdf Shipping instructions.pdf Collection letter.pdf Collection letter.pdf Harmonized Tariff Codes Canada.pdf Harmonized Tariff Codes Canada.pdf Harmonized Tariff Codes Peru.pdf Harmonized Tariff Codes Peru.pdf F.E.P. INTERNATIONAL TRADERS, INC.
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http://www.dhl.com/content/dam/downloads/g 0/logistics/conditions/Incoterms_2011_en.pdf http://www.dhl.com/content/dam/downloads/g 0/logistics/conditions/Incoterms_2011_en.pdf http://www.cbsa-asfc.gc.ca/trade- commerce/tariff-tarif/2010/01-99/tblmod- eng.html http://www.cbsa-asfc.gc.ca/trade- commerce/tariff-tarif/2010/01-99/tblmod- eng.html http://www.cbsa- asfc.gc.ca/publications/forms- formulaires/bsf267-eng.pdf http://www.cbsa- asfc.gc.ca/publications/forms- formulaires/bsf267-eng.pdf http://www.dekabatteries.com/assets/base/a.p df http://www.dekabatteries.com/assets/base/a.p df
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