![]() ![]() In the current market, the possibility of financing will greatly depend on your relationship with the bank. The supplier will not give you credit, especially for your first transaction, and will definitely ask you to pay a portion of the invoice in advance (20-40%) and the remainder following submission of shipping documents. Your freight forwarder will be able to help you with this. Remember that when calculating how much your final import will cost, you will have to find out what taxes need to be paid on the goods. If, for some reason, your goods come with fees paid, we suggest that you request a quote for DAP (Delivered at Place) however, be careful because this will be more expensive than FOB when added to your transportation costs, and you could lose control of your shipment with this option. If you don’t have one, we would be happy to send you a quote! You can obtain an estimate from a shipping agent. Remember that FOB does not include the cost of transportation. By choosing FOB, not only will the price of the goods be included, but also any costs up to when the goods are loaded onto the ship. We recommend that you always try to maintain control of your shipment, meaning that FOB is the best way to go. The supplier will most likely quote you a price for FOB (Free on Board) and one for CFR (Cost and Freight). This is a risk worth taking to avoid problems with the final import. This can be a long or short process, depending on several factors, including the type of product and the supplier’s country.īefore agreeing to purchase, request that samples be sent to you by courier (which is inexpensive and fast). You may be asked for an advance payment don’t be concerned, as this is normal. Once you have an idea of who you want to buy from, the negotiation process begins. Review the list of exhibitors and research them online ahead of time to see who they are this will save you a lot of time and will avoid inconvenience. We recommend that you plan your trip before going to a trade show. For added security, you can ask for references from some of the provider’s clients in Mexico or other countries. ![]() Meeting a potential supplier in person will give you a better idea of the company’s product line and its financial standing. At these events, you can meet potential suppliers and start building a relationship with them. Our clients often ask us how reliable certain companies are. Based on our experience, we recommend that you use common sense and realize that there will be risks associated with importing.Ī good way to find suppliers is to attend trade shows, whether they are general or specific to your industry. One of the biggest concerns that businesses have when starting to import is finding a good supplier. We hope you will find it useful! Choosing your Providers for Imports This article does not cover advanced topics for importers, but rather provides a brief introduction and overview of the subject. Importation is the legal entry of goods from one country into another country. Importing goods involves a series of risks that you should be aware of so you can mitigate them as much as possible. ![]()
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