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Commission Resurrection Review – The secret of massive online traffic

Commission Resurrection Review – The secret of massive online traffic    
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Also beware that some Asian suppliers use the term commission resurrection review loosely, allowing you to think it is a normalFOB quote, but in effect it is FOB factory. This is probably because they make money on inland charges.For example, if they have a factory in mainland China, but their export office is in Hong Kong, they willincur costs in shipping the goods to Hong Kong and they may want to pass these costs on to you at a

profit. If they quote FOB, be sure to ask if there are any additional inland charges. The supplier’sliability ends once the goods are delivered to the carrier. If quoted FOB factory, that is really EXW andmeans effectively that their liability ends at their loading dock and you take any risks for loss or damagefrom that point.

33.10 FORMAL ENTRY.The process of lodging documentation required for clearance through Customs of shipments above acertain value. For novices stuck with puzzling paper documents, in which it is essential to complete

every tiny detail with absolute accuracy, this is a difficult and complex task. Customs brokers do itelectronically in a matter of minutes.The shipment value for which a Formal Clearance becomes necessary varies from country to countryand from time to time, but at the time of publication is usually in the $1,000 to $2,500 range, although inthe case of certain goods such as clothing, it may be as low as $250. If the shipment value is below therate set by your Customs office, an informal entry will be allowed. This is not very complicated. Onceyou have seen it done once or twice you could probably handle it yourself.In the case of such low value shipments arriving by mail, postal authorities in some countries such asUSA, New Zealand and Britain carry out the informal entry for you. In Australia you must still lodge theinformal entry yourself, and this can cause delays because you must either personally attend the customsoffice, or lodge via fax or email.In the case of low value shipments by mail, the Postal Service in many countries usually do the informalclearance for you at no charge. (See Chapter 3 - Rules and Regulations under the heading: “Another

way to avoid a lot of red commission resurrection review).

33.11 L/C.Sometimes, but rarely, referred to as LOC - Letter of Credit. This is a negotiable document provided bya bank. It is customary for the importer to pay the bank in advance for an L/C, but under somecircumstances, banks will issue an L/C on a credit basis. The L/C specifies precisely what is beingordered and all terms and conditions of the sale must be included. Anything not included cannot beenforced. After providing proof that the conditions have all been met, the supplier can then negotiate thedocument through his bank. This usually happens very soon after shipment leaves port, and that can belong before you receive the goods.

33.12 MARINE COVER.Also referred to as a Special Marine Policy or Marine Certificate of Insurance, the terms Special MarinePolicy and Certificate of Insurance are used interchangeably in Commercial Marine insurance.Certificates are utilized when exporters must furnish evidence of insurance to customers, to banks or to

other third parties in order to permit the collection of claims abroad. The original and duplicate copies ofthese forms are negotiable instruments, which will enable a consignee or a bank to make a claimoverseas, if the goods are damaged in transit.It is customary for the party arranging the shipping to also arrange the insurance. It may be you, yoursupplier, or your freight forwarder. If you intend arranging your own insurance you might try one of thebig insurers, such as http://www.acegroup.com/us-en/. They are underwriting managers of a Lloydssyndicate. It is possible they may consider that you are too small, in which case you can use theirwebsite to find an insurance broker who handles cargo insurance.For shipments by sea freight it has always been my practice to obtain cover for at least 110% of theinvoice value of the goods. Banks issuing a Letter of Credit need to be sure that the cover is for the fullvalue of the shipment and by insuring for 110% you avoid any possible problems

33.13 OPEN ACCOUNT.This refers to an arrangement made that you may make payment to your supplier on or after delivery.

33.14 OPEN INSURANCE POLICY.An open insurance policy is taken out if you want to provide cover for all air and road shipmentsthroughout the year with the exception of shipments covered by a Marine Policy. (Strangely, it maysometimes be referred to as a Marine Policy; even though the goods travel by air or road.) Insurancecompanies will usually require an estimate of the total annual value of your shipments and will basetheir premium on that figure. At the end of the year, the actual total must be declared and the premiumwill be adjusted accordingly.

33.15 PROFORMA INVOICE.

Sometimes called a PI, this is an invoice that amounts to a confirmation of quoted commission resurrection review, sizes,weights, dispatch dates, etc. It is not the same as a commercial invoice although it may look identicalexcept for the word “Proforma.” It cannot be used to clear goods through Customs. A Commercial

Invoice must accompany the goods so that you or your customs broker can effect clearance throughCustoms.

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