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Some general guidelines and practical considerations 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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Established: November 1988 Initial objective: Export of equipment, parts and supplies to the mining industry in Peru. Currently exporting also to Bolivia, Chile, and Colombia. Some sales also in Canada and India. Employees: 2 full time, 1 part time Type of operation: Small business Website: www.fepinternational.comwww.fepinternational.com Email: morty@fepinternational.commorty@fepinternational.com F.E.P. INTERNATIONAL TRADERS, INC.
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Identify the products you want to export Identify your market(s) – Where? Why? (Market and product knowledge) Marketing objectives: Industrial or consumer? Marketing level: How are you going to market your products? Local distribution or export only? Local agents overseas F.E.P. INTERNATIONAL TRADERS, INC.
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Internet Chambers of Commerce Dept. of Foreign Affairs and International Trade (Commercial offices of the Canadian embassies). Commercial offices of other countries’ embassies or consulates in Canada. F.E.P. INTERNATIONAL TRADERS, INC.
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Organizing your company Why is it important? – Control, control, control. Choices: In house, outsourcing, combination Integrated sales administration and accounting (Quickbooks, etc) Forwarding agent Internet banking
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Contacting potential customers Receiving an RFQ (Request For Quotation) Obtaining a quotation from one or more suppliers Providing an estimate to your customer Receiving a purchase order Issuing a purchase order to your supplier Receiving the goods Preparing 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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What is it? Why is it important? Who uses it? United States – Schedule B
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Invoice Packing list Shipping document (courier or airway bill or bill of lading) CAED – Export declaration (B13) Other documents Certificate of origin Quality certificate MSDS Dangerous goods documentation F.E.P. INTERNATIONAL TRADERS, INC.
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Personal funds Credit card Bank loan Letter of credit - Transfer of l/c - Bank loan against l/c EDC 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 - Copy.pdf Incoterms DHL - Copy.pdf CAED B13 - Copy.pdf CAED B13 - Copy.pdf Invoice.pdf Invoice.pdf MSDS.pdf MSDS.pdf Packing list.pdf Packing list.pdf Airway Bill - Copy.pdf Airway Bill - Copy.pdf 10191 Cert An - Copy.pdf 10191 Cert An - Copy.pdf Shipping instructions.pdf Shipping instructions.pdf Collection letter - Copy.pdf Collection letter - Copy.pdf Harmonized Tariff Codes Canada.pdf Harmonized Tariff Codes Canada.pdf Harmonized Tariff Codes Peru.pdf Harmonized Tariff Codes Peru.pdf Harmonized Tariff Codes Diff.pdf Harmonized Tariff Codes Diff.pdf F.E.P. INTERNATIONAL TRADERS, INC.
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