Umit Gumusten

Helping businesses grow for over 10 years.
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INCOTERMS 2020 | EX WORKS – EXW

Ex Works is obviously the best Incoterms rule for exporters. If you are new to foreign trade, you’d better agree on the term EXW with your buyer as you’ll bear no risk for anything including customs formalities but to make the goods

May 26, 2021

International Trade

Motives for Internationalisation | Why Start Exporting?

Since the beginning of this millennium we have witnessed an enormous digital transformation in the world. The way we communicate, interact, travel, work, study, entertain; all the conventional means are either replaced by or stayed as alternatives to digital substitutes. You can

May 21, 2021

Marketing

Business Email Examples

In every line of business, email is probably the most commonly used means of communication in the world; especially for those whose native languages are not English, email is a life saver. We all know that making conversations with companies from different

May 15, 2021

Documentation

Export Packing List | How To Create a PL

What is a packing list? Packing list is an important document that indicates the content of your cargo, informing also about the number and kind of packages (crates, carton boxes, drums,pallets etc.). It provides all the interested parties in an export-import process

May 14, 2021

International Trade

The Ecosystem Of Foreign Trade

When running an import and export business you’ll need various services that will make your operations proceed in a proper way. Otherwise you’ll end up with a number of losses and failures like incorrectly prepared documents, faulty organization of shipment, false declarations

May 14, 2021

Documentation

What Is Proforma Invoice? | PI Template For Export

What is proforma invoice? Proforma invoice is an informal document to make price offers of goods and services. In advance of a formal sales agreement, the seller sends a proforma invoice to the buyer to clarify the price of goods/services and terms

May 14, 2021

International Trade

What is Foreign Trade? Benefits of Export and Import

Foreign trade is the exchange of goods and services across international borders and territories; shortly, it is just trade between countries. Let’s break down this exchange definition. When we talk about foreign trade we actually mean two main actions: buy and sell.

May 14, 2021