Norway: The Hidden Gem When businesses think about countries to initiate their exporting endeavours, Norway does not often come to mind, and yet Norway offers one of the most profitable markets in Europe and the world for basic and high-end products. Why is this so? As per the WorldBank 2017 reports, Norway is one of…
The world of exporting offers many opportunities. However, you need to uphold the “seller beware” motto, especially as you begin. Too many times export sales prospects are not what they appear, particularly if they are not qualified. A new exporter often receives queries and or orders that if not analyzed appropriately can be at best…
Export Compliance is a dire necessity for international business transactions. Many Small & Medium Enterprises ignore the importance of adhering to their home-based nation’s export compliance regulations. Sometimes this is out of ignorance and other times out of negligence. Either way, the real costs (i.e., penalties, fines, product docking and “blacklisting”) that can occur from…
Incoterms- What Are They? International Commercial Terms, Incoterms are a standard set of “rules” and terms that define the responsibilities of sellers and buyers for delivery of goods under sales contracts for domestic and international trade. The ICC International Chamber of Commerce (ICC) publishes Incoterms® rules. The terms that apply to any mode of transport…
