INTERNATIONAL TRADE GLOSSARY: Terms and Information
The Incoterms rules (or International Commercial Terms) are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that are widely used in International commercial transactions or procurement processes. A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods.
The Incoterms rules are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade. They are intended to remove uncertainties arising from different interpretation of the rules in different countries. As such they are regularly incorporated into sales contracts worldwide and are the basis of the international trade as it is known today.
What is an Export Management Company (EMC)?
An Export Management Company (EMC) appoints and services distributors in overseas markets. An EMC's customers receive full technical and promotional support services available from each of the manufacturers it represents. And, most importantly, it provides advance information on product modifications and new product development and it implements factory warranty programs overseas. An EMC can combine products of several different manufacturers into one shipment, creating savings on transportation and banking costs.
I have a store or reside in the Continental United States. Can I place an order with an export management company?
We cannot service orders originating from the United States.
I am a resident of the United States. Can I place a retail order with an export management company?
We cannot make retail sales to individuals. We only service overseas importers and distributors..
What are the major functions an export management company performs on behalf of manufacturers?
- Locating overseas distributors
- International and Domestic Transportation
- International Insurance
- Documentation as required by overseas import regulations
- International Sales
- International Exhibitions
- Marketing
- Help with merchandising and promotional issues together with marketing and sales advice.
- Consulting work - How to best sell and introduce your products in select overseas market
What are the major functions an export management company performs on behalf of customers, distributors / Importers based overseas?
- An export management company can offer products from several different manufacturers and can combine the products of different manufacturers in one shipment to economize on shipping costs.
- Most overseas customers of a North American export management company rely on it as their principal procurement source of a product line for all their requirements from North America
- Help with merchandising and promotional issues together with marketing and sales advice.
- An in-depth understanding of the needs of your business - which is needed if your business is to grow.
- Consulting work - to help better organize your business.
The Incoterms rules are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade. They are intended to remove uncertainties arising from different interpretation of the rules in different countries. As such they are regularly incorporated into sales contracts worldwide and are the basis of the international trade as it is known today.
What is an Export Management Company (EMC)?
An Export Management Company (EMC) appoints and services distributors in overseas markets. An EMC's customers receive full technical and promotional support services available from each of the manufacturers it represents. And, most importantly, it provides advance information on product modifications and new product development and it implements factory warranty programs overseas. An EMC can combine products of several different manufacturers into one shipment, creating savings on transportation and banking costs.
I have a store or reside in the Continental United States. Can I place an order with an export management company?
We cannot service orders originating from the United States.
I am a resident of the United States. Can I place a retail order with an export management company?
We cannot make retail sales to individuals. We only service overseas importers and distributors..
What are the major functions an export management company performs on behalf of manufacturers?
- Locating overseas distributors
- International and Domestic Transportation
- International Insurance
- Documentation as required by overseas import regulations
- International Sales
- International Exhibitions
- Marketing
- Help with merchandising and promotional issues together with marketing and sales advice.
- Consulting work - How to best sell and introduce your products in select overseas market
What are the major functions an export management company performs on behalf of customers, distributors / Importers based overseas?
- An export management company can offer products from several different manufacturers and can combine the products of different manufacturers in one shipment to economize on shipping costs.
- Most overseas customers of a North American export management company rely on it as their principal procurement source of a product line for all their requirements from North America
- Help with merchandising and promotional issues together with marketing and sales advice.
- An in-depth understanding of the needs of your business - which is needed if your business is to grow.
- Consulting work - to help better organize your business.