Month: March 2005

An airway bill is not a title by nature, however it can be prepared so that it can be treated as a title. An airway bill demonstrates that your shipment met the terms of the contract. In addition, an airway bill is a receipt provided by the carrier upon receipt of your shipment. Join Digital Exim’s export import training and know more about airways bill  Once the AWB has been prepared to be treated as a title document, it can be used to transfer the goods to another party, not mentioned in the AWB. This can be accomplished by liaising with such a consignee by leveraging the airway bill.  An airway bill can also be used under DP terms of payment if the airway bill acts as a document of title.  The air waybill, as opposed to a bill of landing, is non-negotiable. As a non-negotiable document, the AWB is purely a transportation agreement, not a contract covering the value of the merchandise.  What has been your experience with converting an Air Way Bill into a document of title?  Did you like our article? Do share your feedback and experience.   The above information is a part of Digital Exim online import export training course.    

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What is SWOT Analysis and Why it is Important for Business?

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What is Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters?

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Every individual should consider the importance of communication if they want to gain a better understanding of everything. As for business, without good communication skills, it is impossible to run a business effectively and build a strong customer base. Know the best way to communicate with buyer and finalize a deal with import and export business training.   Communication becomes even more important when working with foreign clients or buyers. Without excellent communication skills, you cannot create a close bond or connection with foreign buyers.  No matter where you are located, communication is an essential part of every business endeavour. Being prepared and adaptable is key to being successful when presenting to international audiences.  If you haven’t figure out how to communicate with international buyers focus on the factors listed below: 

Clarify your words and speak slowly-  

You want your audience to understand you. Watch their faces. Are they following what you’re saying? A slightly slower pace may help. Some listeners may speak English very well, however others may not. You should gauge the level of comprehension of your audience and proceed accordingly. 

Give a description- 

Whenever you are dealing with business, you must be as transparent as possible. If you try to communicate using short sentences to finish the conversation quickly, another person may have some doubts.   The best way to avoid such problems and keep things perfect is to be detailed throughout your entire conversation. This will allow your buyers to know what they are going to buy or how it functions. 

An Interpreter’s Expertise- 

Choosing an interpreter who is qualified and knowledgeable about your industry is the most important factor in communication. Choosing someone who doesn’t have this knowledge can result in inaccurate information being provided to buyers, due to lack of understanding of some terms by the interpreter. 

Simple terms Works Best-  

Those who speak English as a second or third language may be more likely to understand more commonly used English words.  

Using the local language can be a big help-  

While you may have limited or non-existent ability to converse in the local language, you can still learn a few words of greeting for a smoother relationship. This shows your interest in the local culture, demonstrating your willingness to learn.  

• An effective method for communicating is a vital tool for any business owner. Your ability to communicate effectively can mean the difference between closing a deal and losing out on a potential opportunity. 
• A study found that 78% of customers buy from the company who responds first. Following up quickly is crucial to a company’s success. The faster you follow up, the more likely you are to close the deal. 

Conclusion- 

The concept of international communication refers to the exchange of information, ideas and beliefs between people of different countries, and can therefore play a role in resolving global conflict and contributing to mutual understanding.  Join our export import course online and start your export import business with us. Gain knowledge about international business. You can also join our live free webinar. Click the link below to become a part of our free webinar.   https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8  Do visit us for more information!