Umit Gumusten

Helping businesses grow for over 10 years.
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Global Value Chain | What is GVC?

What is Global Value Chain? Global Value Chain is the organizational structure created by spreading the production processes to various countries in order to provide sustainable competitive advantage.

November 28, 2021

International Trade

Working With An Intermediary For Your Export Strategy

Entering new markets can be challenging for small or medium sized businesses regardless of the country they are located in for a number of reasons. Especially considering the diversity of markets in the world; in addition to choosing the right market, there’s

November 26, 2021

International Trade

Export Modes

Exporting and importing activities of SMEs play an important role in the global economy. Today most of the businesses start with the vision of exporting their goods as well as domestic sales. There are a number of reasons as to why it’s

November 24, 2021

Entrepreneur

Inspirational Movies Every Entrepreneur Should Watch

If you’re looking for an inspiration or a good movie just to enjoy your time, these movies will make your day.

November 6, 2021

Payment Terms

Letter of Credit | Payment Terms in International Trade

L/C, short for “Letter of Credit”, is a contractual payment instrument that guarantees the importer’s payment to the exporter when the exporter ships the goods to the importer in conformity with the terms and conditions in the sales contract and presents the

July 5, 2021

Payment Terms

Open Account | Payment Terms in International Trade

Open account, also known as Cash Against Goods, is a payment method that enables the importer to pay for the goods after they are cleared at the customs of the importing country or on a fixed date after delivery, typically in 30

June 12, 2021

Payment Terms

Cash Against Documents (CAD) | Payment Terms In International Trade

CAD, short for “Cash Against Documents”, is a payment method in which banks are used for intermediation in terms of payment and transfer of the export documents from the exporter to the importer. It’s also called Documents Against Payment (DAP). In CAD,

June 11, 2021

Payment Terms

Cash in Advance | Payment Terms in International Trade

What is Cash in Advance (CIA)? Cash in advance, also called cash with order or advance payment, is exporters’ favourite payment term as it requires the importers to pay for the goods upfront, generally upon confirmation of the proforma invoice. Depending on

June 9, 2021

Incoterms

INCOTERMS 2020 | CIF – COST INSURANCE FREIGHT

CIF, short for “Cost Insurance Freight”, means that the exporter is obligated to deliver the goods to the buyer by placing them aboard the vessel which it paid for and cover the insurance as well. The exporter assumes all the costs of

June 6, 2021