IMPORT-EXPORT EXPERIENCE TO SINGAPORE

The Port of Singapore ranks second in the world in terms of tonnage of ships arriving at berths with about 5% of containers delivered, but ranks first in the shipping sector when up to one-seventh of the world's containers are transshipped. .

The Port of Singapore ranks second in the world in terms of tonnage of ships arriving at berths with about 5% of containers delivered, but ranks first in the shipping sector when up to one-seventh of the world's containers are transshipped. .

In 2012, the port of Singapore reached 31.26 million TEUs. Recently, with an investment package to upgrade to US$2.85 billion, by 2020, the port of Singapore wishes to achieve a tonnage of up to 50 million TEUs and a mooring depth of 18m.

The Port of Singapore consists of port facilities and port water areas that perform the function of handling maritime trade at the port of Singapore.

Currently the port is the busiest in the world in terms of tonnage of cargo handled, it also transits one-fifth of the world's containerized cargo, half of the world's annual crude oil supply. , and is the transshipment port of the world.

It was also the busiest port in terms of total tonnage handled until 2005, when it was surpassed by Shanghai Port. Thousands of ships anchor at the port, connecting ports to more than 600 other ports in 123 countries and spread across six continents.

The Port of Singapore is not merely a source of economic gain, but is necessary because Singapore lacks land and natural resources. Ports are important for importing natural resources, and then re-exporting them after the goods have been refined. The Johor Strait is impassable due to the Johor-Singapore Causeway connecting Singapore with Malaysia.

EXPERIENCE IN CHOOSING EXPORT MARKET

In order to choose the right export market, importers and exporters must do research on issues about markets, partners, etc. This article is for those who are new to the import-export industry and want to work in a new position. Export sales position. We hope that this article will help you to shape the basic foundations that an import-export employee needs to know when doing import-export - one of the hottest, most worth learning and working professions today. .

1. Research and select export markets

For export businesses, the research and selection of the correct export market will have a very important role in determining the success or failure of their business. Currently, in Vietnam as well as in other countries around the world, manufacturers tend to do foreign trade transactions by themselves. That happens for the following reasons:

• The professional trading firms did not keep up with the changing manufacturing enterprises.
• The information processing capacity of wholesalers is lower than that of manufacturing enterprises.
• Sales are always tied to product warranties, because knowledge of the trade item is required.
• The producer's foreign language ability increased, allowing them to be able to handle related tasks on their own.
• Professional knowledge related to the international trade of goods of producers has increased compared to the past.
• The ability to raise capital for business has also changed, allowing them to easily mobilize from many different sources, not having to depend on wholesalers.

When researching and choosing foreign export markets, enterprises need to focus on the following issues:

• Carefully study the supply-demand relationship, the market's consumption capacity to determine the volume of goods they can sell in the market they are interested in.
• Political, economic and commercial conditions of the market to determine long-term business strategy.
• Studying natural conditions, ports, border gates, roads, etc. studying import and export in HCMC
• Research the consumption habits of people in the market areas that interest them.
• Other contents that businesses cannot ignore such as monetary conditions, sales channels, etc.

Mastering the above issues will allow businesses to identify markets, sales opportunities, buying and selling methods, delivery conditions (Incoterms) - time tables in the import-export industry, international payment methods. economic,…

2. Research on partner selection

The success or failure of an import-export business depends greatly on the customer factor. Choosing a reliable partner, goods will be sold with favorable conditions, capital is quickly recovered, no disputes arise, etc. and vice versa.

When researching partner selection, businesses should pay attention to the following issues:

Organizational form of partners (Merchants Association, Limited Liability Company, Limited Liability Company, Joint Stock Company). The form of company organization will determine who is responsible for the sales contracts, the responsibilities of the participating members will be specified in the laws of the relevant countries:

• Financial ability (profit, loss, ..) practical import-export course in HCMC
• Partner's reputation
• Partner's line of business
• Partner's goodwill.

To get accurate information on the above issues, businesses can use one or more of the following research methods: through the press, various publications, on-site investigation, through the investigative services of companies. Credit investigation company, through buying and selling trial.

To obtain information to help research and select export markets, partners and businesses can use one or more of the following research methods: through newspapers, various publications, through on-site surveys; through investigation services of credit investigation companies, through trial sales...

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