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Guides to Import

How Global Buyers Can Avoid Shipment & Quality Risks: Top 5 Tips for Importers/Global Buyers

In global trading, sourcing may appear as simply choosing the lowest price. But for buyers of spices, agricultural commodities or consumer goods, poor sourcing can lead to hidden costs that far outweigh any apparent price savings. At Suman Exports, a premium spice exporter based in Unjha, Gujarat, we’ve seen firsthand how diligent sourcing, strong supplier partnerships, and proactive risk-control translate into smoother shipments and superior quality for importers.

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General Rate Increase (GRI) in July 24′ and its Impact on you!

The logistics and shipping industry is bracing for a General Rate Increase (GRI) that will take effect in July 2024. This development, coupled with ongoing operational issues at key ports like Mundra, highlights the complex factors affecting global trade. This article tries to explain the reasons behind the GRI, the causes of vessel delays, and the broader implications for stakeholders across the logistics chain, from manufacturers to end consumers.

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Different types of INCO Terms

As international trade involves dealing with international customers it is always beneficial to set standard terms that are understood across the world. These standardised terms avoids any confusion between parties speaking different languages and living in a different country. One such standardisation is INCO terms, which essentially defines who will pay what during international trade.

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