Our top 5 tips for first time exporters

17 May

Exporting your goods can seem like a huge task. Making your goods attractive to overseas customers is important. It is vital that logistics, transport and documentation are right before you begin. Here are some of the most important things to think about.....

Use incoterms in your sales contract

Using incoterms pre-determines each party’s responsibility for that shipment. They are internationally used and recognised in trade.

Cargo insurance

When you book shipments with a forwarder, shipping company or courier, you are only covered for a minimal value so you may need to take out extra cover.

Choose the best transport method

Shipping by sea is often cheaper with longer transport times, whereas air freight is quicker but more expensive. Choose the one that’s best for you and your customer.

Ensure you have the correct documentation

Research what is best for you and your shipment. Certain commodities and some countries require special documentation.

Choose a method of payment and terms you are comfortable with

A letter of credit is a common method of payment for overseas transactions but there are other ways as well.

Watch the video

Further information

Exportingisgreat is a government resource with loads of information for first time exporters.

Emma Jones