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Import/ Export - Trade Contract for buying wholesale raw material
Hello,
Chemist corner has been tremendously helpful with providing information to all my questions and thank you all for that!
I am planning to get raw material for my natural product from China or India, I’ve finalized some sellers and I would like to know if any of you have done that already please let me know what type of contracts I should prepare and what are the things that I should know to ensure what I receive is what I wanted or looked at.There are several shipping terms like FOB, EX- works etc and what should I go with for low cast option.
Thank you so much!!
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6 Replies
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shipping should be CIP (carriage and insurance paid)
I’ve ordered from CP Biotech and found them 100% reliable. -
Thank you Sir!
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can you share me the website or contacts for CP Biotech? Also CIP is door delivery or delivered to some ports? I am not sure.
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CIP is an INCO term, it means carriage and insurance paid.
Just Google the company name. -
@Belassi , Thank you and I found a website with definitions for all INCO Terms. Great learning experience for me, each day I am learning something new
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Great! About 40 years ago, Marconi sent me on a course to learn the legal wrinkles of the INCO system. Later when I began an import company from Taiwan that knowledge became useful for the first time. In general my experience with Chinese suppliers has been good. I can get specialist ingredients that are otherwise unavailable.
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