August 2022

Incoterms® Explained: Ex Works

August 31, 2022Posted by TFSA School of ExportIncoterms®

As we discussed in our 'Incoterms® explained' article, Incoterms® are reviewed more or less every ten years, with the latest version being Incoterms® 2020. The 2020 revision covers 11 different stages of delivery, with each Incoterm® specifying varying levels of cost, risk, and responsibility for an exporter. Incoterms® have nothing to do with payment methods or the point at which ownership passes from the seller to the buyer. They are concerned only with delivery and relate only to the seller and the buyer. This article focuses on Ex Works and its implications for the seller.

Incoterms® 2020 Explained!

August 30, 2022Posted by TFSA School of ExportIncoterms®

Incoterms® indicate which party to a contract bears the risk, costs, and responsibilities at any given time during the delivery of goods in a particular transaction. The ICC currently promotes eleven Incoterms®, and each term has a unique allocation of risk, cost and responsibility for both buyer and seller. In this article, we list the 11 Incoterm® rules, explain how the terms are categorised and indicate the Incoterms® rules that only apply to ocean transport.

Modes of Transport: Air Freight

August 29, 2022Posted by TFSA School of ExportModes of Transport

There are many pivotal elements to consider when it comes to finding the right mode of transport for your consignments of goods. However, choosing the right mode of transport traditionally relies on assessing the product you are exporting, your geographical location and the arrangements negotiated with your buyer.

Modes of Transport: Ocean Transport

August 26, 2022Posted by TFSA School of ExportModes of Transport

Ocean transport offers an effective mode of transport when exporting your goods to a buyer in a foreign market. Ocean transport is one of the oldest forms of transportation in international trade but has evolved considerably since the times of early merchants sailing on wooden ships.

How to Choose an Appropriate Mode of Transport

August 25, 2022Posted by TFSA School of ExportModes of Transport

Choosing the most appropriate mode of transport when exporting your goods to foreign markets significantly influences your business's international success. However, choosing whether to use sea transport, air freight, road freight, rail freight, or a combination of transport modes requires careful consideration and planning.

Modes of Transport: Road Transport

August 24, 2022Posted by TFSA School of ExportModes of Transport

When exporting from Southern Africa, an exporter has several modes of transport they may utilise to transport their goods to their buyer effectively. One such option is road freight. Road freight is one of the most viable modes of transport for trade internationally in situations whereby the buyer's country is accessible by land

Road Transport: Advantages and Disadvantages

August 23, 2022Posted by TFSA School of Export9Modes of Transport

If you are selling your goods to another SACU or SADC member country, road transport would likely be an efficient mode of transport to deliver your products to your buyer effectively. Approximately 75% of trade between SADC countries depends on road transportation to successfully deliver goods.

What are Incoterms® Rules?

August 22, 2022Posted by TFSA School of Export3Incoterms®

Incoterms® are a standard set of rules developed by the International Chamber of Commerce for the delivery of goods. Incoterms® indicate which party (buyer or seller) to a sales contract bears the risk, costs and responsibilities at any given time during the delivery of goods in a particular international transaction.

International Environment Market Entry Strategies

August 18, 2022Posted by TFSA School of ExportInternational Marketing

Company A is in the process of researching potential market entry strategies for the international environment, as these will form an integral part of its export marketing plan. The marketing team realises the importance of this activity, as each potential market has unique threats and opportunities that need to be carefully considered.

Devising Your International Marketing Mix

August 17, 2022Posted by TFSA School of ExportInternational Marketing

Company A has been doing its due diligence by researching the international environment. Its marketing team has begun researching how to develop an international marketing mix for a couple of carefully selected foreign markets. Because the international marketing mix involves the Four Ps of marketing, determining the optimal mix for each market has proved to be a major challenge. Despite understanding the Four Ps, namely product, price, promotion and place, the team has been struggling to adapt them to the international environment specific to their targeted foreign countries.

Monthly Archives: August 2022

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