In the export trade, the basic procedure mainly has the following aspects:
1.Confirm key transaction details
The exporter shall communicate with the foreign importer to reach the intention of cooperation and determine the main details of the transaction。Such as: unit price, quantity, shipping date, quality requirements, payment terms, etc。
2.The two sides signed a trade contract
In accordance with the preliminary intention previously reached, the importers and exporters prepare the trade contract。The main contents of the contract are: the basic information of the import and export parties, goods name, unit price, quantity, quality requirements, port of shipment, port of destination, delivery date, payment method, etc。After the contract comes into force, proceed to the next step。
3.Manufacture, prepare and deliver goods according to the contract
The export enterprise shall organize raw materials and prepare for production according to the contract。When the goods are ready, export declaration procedures shall be completed according to the mode of transport stipulated in the contract。Quarantine inspection will be carried out during this period。Export goods are shipped after customs declaration。
4.Go through the formalities of sending documents and claiming foreign exchange
After receiving the bill of lading, the export enterprise may prepare to send the bill of lading according to the payment method agreed in the contract。
If the payment is made by letter of credit or collection, the exporter shall send the invoice, packing list, bill of lading and other shipping documents to the designated bank, which shall handle the formalities for sending the documents and claiming the exchange.If payment is made by remittance, the exporter shall send the documents himself。
5.Receive and settle foreign exchange
After receiving the goods, the foreign importer shall go through the payment procedures at their bank;After receiving the payment for goods, the local bank of the exporter shall notify the exporter to go through the formalities of foreign exchange collection。
An export enterprise may directly settle the payment in foreign exchange or deposit it directly into the company's foreign currency account for future payment or settlement when the exchange rate is appropriate。