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Cargo Marine Insurance 101: Protect Yourself!
- June 28, 2016
- Posted by: Trade Logistics
- Category: All, Export, Import
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Businesses make money by selling products. Every time a company decides to import or export products, they make an investment expecting a profitable return. The process of shipping goods, however, is not without risk. Sadly, some businesses do not protect their investment by purchasing insurance, which in the end, could cost them much more than
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5 Reasons why imports need to be controlled
- May 30, 2016
- Posted by: Trade Logistics
- Category: All, Import
The importation of all goods, whether new, used or second-hand, is subject to control measures. On 1 June 2003, the International Trade Administration Commission (ITAC) was established in South Africa through an Act of Parliament. ITAC’s main function is to enhance the economic growth and development of the continent and to establish an efficient and
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Received Damaged or Inadequate Goods? What Now?
- April 15, 2016
- Posted by: Trade Logistics
- Category: All, Customs, Import
The success of imports and exports greatly depends on the quality of products that an importer receives. Importers and exporters sometimes find themselves in a predicament where cargo gets damaged during the trade process. And the products can’t always be repaired. The question then arises: who should carry the risk and costs for these damaged
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Doing Business Globally- 4 Tips to help you succeed
- March 13, 2016
- Posted by: Trade Logistics
- Category: All, Customs, Duties and VAT, Export, Financial Matters, Import
Most business owners are searching for ways to take full advantage of the weak Rand, by looking for opportunities abroad. The economic downturn has forced entrepreneurs to come up with ways to re-position their products, and establish new market segments in other countries. Doing business globally, can be a very rewarding experience – when done
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How to prevent being scammed by fraudulent international sellers
- October 5, 2015
- Posted by: Trade Logistics
- Category: All, Customs, Export, Import
Thanks to ease of purchasing over the internet, finding international suppliers and purchasing goods for import has never been as easy as it is today. Suppliers for an endless amount of goods can be found through Google, and international credit card payments can be done swiftly through international payment portals such as PayPal. Unfortunately, with
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Meeting South African Labelling Requirements
- July 8, 2015
- Posted by: Trade Logistics
- Category: All, Export, Import
A number of importers have found a great cosmetic or food product in an overseas country and decided to bring it into South Africa. While it is certainly possible to do so, a number of these goods get blocked by customs every year due to the product not meeting South African labelling requirements. South Africa’s
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First-Time Importer- How not to lose money
- April 9, 2015
- Posted by: Trade Logistics
- Category: All, Import
There is nothing worse than being blind-sided by extra costs that you haven’t accounted for, especially after you have jumped through administrative hoops to get your first shipment across borders. These unexpected surprises can instantly turn an eager optimist into a discouraged pessimist and may impact your first experience in trade negatively. To keep you
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How to choose a good freight or logistics company?
- March 16, 2015
- Posted by: Trade Logistics
- Category: All, Export, Freight & Logistics, Import
In order to keep the terms of a trade agreement, exporters and importers make use of a specialized freight- or logistics company to assist them with transporting goods in a safe, efficient and cost-effective manner. These companies arrange the best means of transport, taking into account the type of goods and customers’ delivery requirements. Most
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Incoterms: 5 Errors to avoid
- February 11, 2015
- Posted by: Trade Logistics
- Category: All, Export, Freight & Logistics, Import
Although Incoterms are not mandatory, they can play an important role in international transactions. Incoterms are a set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts. They are published by the International Chamber of Commerce (ICC) and are widely used in commercial transactions.
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Factors to consider when choosing the most suitable mode of transport
- January 15, 2015
- Posted by: Trade Logistics
- Category: All, Export, Freight & Logistics, Import
There are many aspects to consider when selecting the most suitable mode of transport to get products from point A to B. The effective use of transportation equipment and modes reduces shipping and logistics costs. However, export planning is not always as simple as it seems. Depending on the destination, goods consigned to a foreign
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