The import and export business

The import and export business refers to trade of commodities by concluding contracts with international parties concerned and comprises a series of specific businesses related to labor services and technologies. In detail, it covers: mode of trading import and export commodities; transport and custody of import and export commodities; inspection on import and export commodities; customs supervision on import and export commodities; cargo insurance of import and export commodities; settlement of payment for import and export commodities, international settlement and bank credit of funds, and arbitration and judicial hearing work for resolution of import and export business disputes; operation and management of import and export business among others. The procedures of all such businesses generally fall into such three stages as business negotiation, contract performance and delivery. Common risks in the import and export business include export risks and import risks.