Introduction
Mistakes in global trade can be costly. From documentation errors to shipment delays, here’s how to avoid common pitfalls.
Common Mistakes & How to Avoid Them
1. Inaccurate Documentation
Incorrect invoices or missing certificates can delay shipments. Double-check customs paperwork before shipping.
2. Ignoring Compliance Regulations
Different countries have strict import/export rules. Stay updated to avoid penalties or shipment rejections.
3. Choosing the Wrong Shipping Method
- For urgent shipments → Use Air Freight
- For cost-saving bulk orders → Use Sea Freight
- For high-value goods → Use Insured Freight
4. Currency & Payment Risks
International trade involves currency fluctuations and fraud risks. To protect your business:
- Use Letter of Credit (L/C) for large transactions.
- Work with trusted payment gateways like PayPal or escrow services.
Conclusion
Avoiding these common pitfalls can save time, money, and legal trouble. Stay informed, plan ahead, and export-import with confidence!
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