How to Get Precise Quote? Which Trade Term Works Best? Module 3 Ep 1

Lots of you have heard of trade terms like FOB, DDP, etc., but get confused when it comes to their exact meanings, and don't know the best choice for getting quotations from Chinese suppliers. In this video, I introduce the most frequently used trade terms and the scenarios they apply.

Besides, you can also learn about the 3 common traps that might occur when requesting quotations from suppliers in China. Here we have practical tips to help you walk around the traps, and get the most precise quotes.

Watch to understand the detailed costs included in each term, know the best choice for your situation, and stop paying extra money from now on.

#FOB #EXW #incoterms #sourcing #jingsourcing
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This is the 1st video of Module 3: Place Order, Start Production of Import From China Guide series.

See previous videos:
Module1 Ep1: Can You Import from China? How Much Budget May Needed?    • Can You Import from China? How Much USD Bu...  
Module1 Ep2: What Products to Import from China to Make Big Money?    • What Products to Import from China to Make...  
Module1 Ep3: How to Do Product Research Before Importing?    • How to Do Product Research Before Import f...  

Module2 Ep1: How to Find Chinese Suppliers via Internet? Review of All Methods    • How to Find Chinese Suppliers via Internet...  
Module2 Ep2: How to Find Suppliers by Visiting China? Review of All Methods    • How to Find Suppliers by Visiting China? R...  
Module2 Ep3:How to Evaluate Suppliers, Choose the Best One for Longterm Business.    • How to Evaluate Suppliers, Choose the Best...  
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0:00 Intro
1:32 1. Trade Terms
11:59 2. Quotation based on quantity
13:46 3. Packaging and private Label costs
15:10 4. Price for inventory or new made
16:51 End

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