Simplified Trade Finance
Exports lead to an inflow of foreign exchange, hence they improve a nation's economic position. To promote exports, the Export Oriented Units (EOU) Scheme was announced in 1981. The scheme has several benefits which an Export Oriented Business Unit can avail. Read this guide to understand what is meant by an "Export Oriented Unit" and its benefits for an Exporter.
Once you've undertaken the various steps needed to set up an export business, a last order of business will be to ensure you've got all your papers in order. From your bill of lading to your shipping bill, ensuring you have all the correct documentation will help your export business get off the ground much more smoothly. Here's an indication of what you need to know.
Many exporters make the elementary mistake of not getting credit insurance for their exports, which can prove costly if things go awry. But what exactly is export credit insurance, and how can Indian exporters go about procuring it? This blog post takes a closer look.
Determining the correct pricing strategy for your product can be the deciding factor in whether your business makes profits or goes bust. There are several strategies you could adopt when pricing your goods -- here are some of the top ones to consider.
Before you actually seek financing for your export business, it is important to draft estimates of the various assets and liabilities you foresee having. These financial projections will help you make the most of your funds during regular operations, as well as prepare for worst-case scenarios.