I. Quotation and bargaining stage

In international trade, the first step between buyers and sellers is to ask for quotations and negotiate prices. The buyer can contact the seller by email or phone and tell the other party the goods and quantity they need to buy, as well as their requirements for price. Based on the information provided by the buyer, the seller can reply with information such as the price of the item and delivery terms. Both parties negotiate and either accept the other party’s terms or agree on them through negotiation.

Second, the contract signing stage

After the inquiry and bargaining stage is completed, both parties need to sign a contract. The contract should specify in detail the name, specification, quantity, unit price, packaging, quality standard, payment terms, place of shipment of goods, delivery time, insurance liability, and other terms. After signing the contract, the buyer and seller should comply with each other to ensure a smooth transaction.

Third, the goods preparation stage

To ensure that the goods can be delivered to the destination on time, the seller needs to start preparing the goods for shipment by the provisions of the contract. This stage involves the purchase of goods, quality inspection, packaging, marking, and cargo management. The seller needs to arrange the goods properly and do the corresponding paperwork, such as export customs declaration, packing list, invoice, etc.

Fourth, the transport phase

Transportation is an important part of international trade logistics. Sellers need to choose the appropriate mode of transport, such as air transport, sea transport, railroad transport, road transport, etc. Different modes of transport have different advantages and disadvantages in terms of transport time, price, security, etc. Sellers also need to be packaged and marked to ensure that the goods are not damaged and lost in the process of transportation.

V. Import customs clearance and customs clearance stage

Import customs declaration and clearance is the necessary way for the goods to reach the destination country. Buyers need to submit import declarations to the local customs and pay the corresponding duties and taxes. At the same time, the buyer also needs to commission the local logistics company for customs clearance procedures, including cargo inspection, tax deduction, release, and other aspects of the work.

VI. Delivery Stage

Once the goods have gone through import customs clearance and customs clearance, delivery can be made. The seller needs to deliver the goods to the buyer according to the contract. This stage requires both parties to be careful and prudent to ensure that the goods can be delivered by the provisions of the contract to avoid any unnecessary disputes.

VII. Payment and settlement stage

Payment and settlement is the last step of international trade logistics. The buyer needs to pay for the goods as well as the corresponding freight and insurance by the contract. The seller needs to provide the buyer with valid shipping documents, such as a bill of lading, marine insurance policy, etc. so that the buyer can pay for the goods and inspect the goods smoothly.