Aana Sharma is staff writer for Cybex and has been associated for many years with Cybex Exim, India largest import export data portal provides Foreign Trade Data, Delhi Tkd Import Data, Indian Customs Import Data and detailed import export shipment data records from various major ports around the globe.
To make your trading experience simple and secure, confirm the testimonials of potential partners before engaging in export import trading. Be sure to confirm contact information of all prospective associates before initiating any business over the World Wide Web. Always make sure if the phone number, billing address (wire transfer) and email address given to you by your trading associate belongs to the same company.
It is always prudent to get in touch with the potential export import trade partner by telephone prior to the exchange of products, services, money or contracts. If a trader gives contradictory contact details, for instance an address in Malaysia and phone number from some other nation, we advise that you find the address in the local phone directory to get the phone number. Call this number to verify that the person you are in touch with really works for the company. Be doubtful of any dealer (buyer or seller) who uses only a cell phone and email address and is unwilling to disclose a fixed telephone number.
A background confirmation from independent third-party sources involves a search for lawful registration and credit information. In various nations the existence of a firm and its legal status is a matter of public documentation. You can find out the background of recognized manufacturers or wholesalers with trade institutes, local or online credit organizations, or online services portals.
Ensure with the companies registry in the prospective trade partner’s nation to make sure that the company exists with a legal registration. If you cannot find independent access to the trader's registration information, inquire your partner to give you with a Certificate of Good Standing issued by the companies’ registry of his nation or state/province.
You can also expand further knowledge about your associate by ordering a credit history report from a local credit bureau. Credit history information includes data about the partner's business background and their relationships with banks and other trading buddies.
Unluckily, only limited resources are available to confirm the legality of newly established businesses. Be especially cautious when trading with new businesses.
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