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Internationaltradepractices Contents Part5 WTO GlobalizationofTrade Part4 TradeForms Part3 InternationalTradeProcedure Part2 TermsofInternationalTrade Part1 Overview Part3 InternationalTradeProcedure Chapter12LaunchingaProfitableTransaction Chapter13ExportingandImportingProcedures Chapter14BusinessNegotiationandEstablishmentofContract Chapter15Export ImportDocumentation Chapter12LaunchingaProfitableTransaction MarketResearch Marketresearchisvitaltowinthetradegame Evenifyouhavesomeexperienceininternationaltrade it sunwisetojumpintoanun researchedmarket Infact it snotunusualtospendseveralweekslearningabouttheproduct marketanditsprofitpotentialbeforegettingserious Isyourproductsalable Doesanyonecare Youmustbeabletosellenoughoftheproducttoservicetojustifyundertakingtheimport Exportproject Ifyouarepresentinganewproduct youmighthavetocreateamarket Chapter12LaunchingaProfitableTransaction SourcingContacts CreditReference BackgroundInformation BusinessRange AnnualSalesVolume BusinessCulture Chapter12LaunchingaProfitableTransaction TipsforaSuccessfulNegotiation NegotiationTeamLeader QualifiedNegotiators CommercialTechnicalFinancialLegal BriefandPlan NegotiationObjectiveMinimumAcceptableLevelTimePeriodTeamLeaderandothermembersReportingSystemInitialStrategySupportingArgumentsLocationAdministrativeArrangements Chapter13ExportingandImportingProcedures ExportProcedures ExportLicenseTradeNegotiationCargoReadinessL CCustomsClearanceShipping InsuranceDocumentandPayment Chapter13ExportingandImportingProcedures ImportProcedures ImportLicenseTradeNegotiationL CBookingShippingSpaceorShipInsurance DocumentExaminationandPaymentCustomsClearanceTakingDeliveryandInspectionClaimSettlementofDisputes Chapter14BusinessNegotiationandEstablishmentofContract Businessnegotiationisanimportantpartofconductinganexporttrade Itisthedealingsbetweenthesellerandthebuyerinordertoreachanagreementonprice payment quantity quality andothertermsofconditionsofasale Evidently theconclusionofasalescontractresultsfromthebusinessnegotiationtothesatisfactionofbothparties Businessnegotiationsarecarriedouteitherbywritingorverbally Inthelattercase traderstalkaboutthetermsofconditionsofasalewitheachother inpersonorbytelephone Theforeignmerchantmaycallonthedomestictraderuponinvitation ortheexporterwillmakeavisittoanoverseasimporteronhisownaccount Businesstalksarealsoheldatinternationalwherebusinessmenallovertheworldcannegotiatewithoneanotheroverexportandimporttrading ThroughverbalnegotiationstradingtransactionsbetweenChineseandforeignmerchantsareconcludedinlargeamountsattheChinaExportCommoditiesFairinGuangzhoutwiceayear Chapter14BusinessNegotiationandEstablishmentofContract Enquiry Businessnegotiationsinforeignusuallycommencewithanenquirybyanoverseasbuyertoaseller inquiringuponthetermsofasale Nevertheless atsometimes asellercanalsoinitiatethenegotiationbymakinganenquirytoaforeignbuyer includinghisintentionofsellingcertaingoodstothelatter whichisalsocalledaninvitationtooffer Itisworthyofnotethatwhoevermakesanenquiryisnotliableforthebuyingortheselling and theoppositeparty atthesametime canmakenoreplyatall Chapter14BusinessNegotiationandEstablishmentofContract Offer Anofferisaproposaloftermsandconditionspresentedinapotentialcontractbyoneparty calledtheofferor toanotherparty calledofferee Forthesakeoftheagreementtobebinding theoffereemustfirstaccepttheoffer otherwisethereisnolegalcontract BestOffer SearchSpace AvailableOffer MultimediaDatabase StaticNegotiation DynamicNegotiationwithVersions Re negotiationwithAlternatives Chapter14BusinessNegotiationandEstablishmentofContract Counter offer Acceptance Acounter offerisanoffermadebyanoffereetoanofferor acceptingsometermsandchangingotherterms Itcanbemadeverballyorinwriting Likeanoffer acounter offerisalsooftwokinds onewithengagement andtheotherwithout Inbusinesslaw anacceptanceistheassenttothetermsofanoffer requiredbeforeacontractcanbevalid Itmustbeabsoluteandunconditional maybetenderedonlybythepersontowhomtheoffer isdirected andmustconformtoanyconditionsconcerningitthataresetforthintheoffer Chapter14BusinessNegotiationandEstablishmentofContract ConclusionofaContract Acontractisanagreementthatcreatesanobligation whichisabinding legallyenforceableagreementbetweentwoormorecompetentparties Itgenerallyconsistsofanexchangeofpromise anofferandanacceptance resultinginanobligationtoperformsomeparticularact Inordertobevalid acontractmusthavethegenuineassentofpartiestoit thatis itmustinvolvebothofferandacceptance Chapter15Export ImportDocumentation GovernmentControlDocuments ImportLicenseandForeignExchangeAuthorization ExportLicense CertificateofOrigin InspectionCertificate ConsularInvoice CustomsInvoice Chapter15Export ImportDocumentation CommercialDocuments ProformaInvoice CommercialInvoice QualityCertificate WeightCertificate Chapter15Export ImportDocumentation FinanceDocuments ApplicationFormforInternationalMoneyTransferDraftBanker sDraftCommercialDraft SightDraftTimeDraftApplicationforDocumentaryLetterofCreditLetterofCredit Chapter15Export ImportDocumentation TransportationDocuments ShippingNotePackingListBillofLadingConsignmentNote rail road AirWaybillParcelPostReceiptArrivalNotificationCombinedTransportDocuments Chapter15Export ImportDocumentation InsuranceDocuments InsurancePolicy InsuranceCertificate OpenPOlicy Thecargoinsurancedocumentsisacontractwherebytheinsurer onthebasisofapremiumpaid undertakestoindemn
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