Multimodal Transportation System

Multimodal transport is a new development in the goods transport system all around the world. It means carriage of goods by two or more modes of transport from one place to another. The main reason for using multiple kinds of transport is a faster and efficient delivery process. Multimodal Transportation System is a worldwide network […]

Certification required in Machinery Goods

Whether buying or selling machinery or another industrial product, one has to ensure that the equipment complies with standards of the country of export and import. A significant risk for exporters of machinery and capitals goods is goods seized by customs due to lack of certification. The investment made on machinery goods is high, so […]

Shipping Terms for International Trade: INCOTERMS

The International Commercial Terms or Incoterms are a set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts in international business. There are series of three-letter pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. The Incoterms release a […]

What are the benefits of Export and Import Factoring?

In 2019, “Made in Germany” is still in demand worldwide. Germany exported goods and services of more than EUR 1.2 Trillion across the globe, growing at a similar rate to the growth of export factoring which currently sits at EUR 68.1 Billion per annum. Import factoring increased similarly by 5.5% to EUR 3.7 Billion per […]

Importance of Export Insurance

Today, in the world of International Business or Global Trade all countries are dependent on export and import of goods and services across international boundaries. However, all business transactions come with risks. When those risks involve dealing with companies overseas, the value and importance of sound Export-Import Insurance policies become ever more noticeable. What is […]

Benefits of Export Credit

Benefits of Export Credit or Finance In 2008-2009, Germany was initially affected more severely than any other nation by the global economic recession. The sharp decline in world trade was not because of the downturn, but also because it specializes in sectors that were among the worst hit, such as auto manufacturing, machinery, and metal […]