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Long-Term Thinking 💡 ⚖ 📅 Story Time: A brand we are partnered with was having a dispute with their supplier after receiving their last order. They claimed the total qty received was slightly less than what had been invoiced and the supplier denied this as a possibility, even going so far as to check the factory CCTV footage of the packing and loading of the order to support their side. While the dollar amount being disputed was quite low, the buyer in all fairness should be allowed to dispute any discrepancies between invoice and goods received.  The problem is, that these discussions or arguments will almost always have a negative impact on the relationship between buyer and supplier. It's important to evaluate the cost of both options. On the one hand, allowing errors to pass will cost some money, and give the impression to the supplier that you aren't aware of what does and doesn't land in your warehouse. On the other hand, nitpicking and arguing with a supplier over relatively small matters will make you gradually end up at the bottom of the supplier's priority list.  The most difficult customers will end up with the worst service. When a factory is experiencing extended lead times and they need to postpone production on some orders, guess whose orders are the first to be postponed? Not their favorite customers, that's for sure. My advice: Politely but firmly inform the factory of the issue and request they look into it. If they support your claim and offer to replace the missing units on the next order, great. If not, consider letting it slide and informing the factory that you are agreeing to do so in an effort to maintain a solid relationship with them. It's a short-term loss for a long-term gain. #supplierrelations #manufacturing #procurement #productsourcing #globaltrade #supplychain

Today's contract tip is about defining "delivery" in your contract. Requiring the seller to deliver seems simple enough. But the operational realities of delivery are often very complex. Here are a few things to consider as you structure delivery concepts in your agreement. 1. Where are the goods delivered? If you selected EXW for your Incoterm, you are taking delivery at whatever location is listed right next to the EXW acronym. Often, the location is vague and undefined, such as “Seller’s designated facility.” That facility could be across the country or on the other side of the globe. Taking delivery in a foreign jurisdiction may be enough to create a tax or another nexus. Are you ready to file tax returns and make the regulatory filings needed for that jurisdiction? 2. What does it mean to be delivered? Think through what delivery means for the products you are buying or selling. For example, if you buy a system, does delivery mean the first part arrives or the last? Is it delivered if it has not yet been installed or tested? And what if it arrives broken? Should that count as delivery? 3. What if the goods don't meet specifications? As a customer, I prefer to define delivery as physical delivery of the goods that conform to the specifications. That way, if the product is defective, the vendor is pressured to replace it quickly. Otherwise, the contract's consequences for failing to "deliver" by the delivery deadline may kick in. What other issues do you address when thinking about that moment of delivery? #HowToContract #Contracts #Definitions

💲Not getting the prices you want from suppliers? It might be time to review your business terms and conditions. From payment terms to INCO terms and Vendor-Managed Inventory (VMI), contract details play a huge role in your costs. Understanding these elements can lead to better deals and more efficient pricing. We're breaking down the details 👇 https://hubs.ly/Q02YZ9Tt0

💲Not getting the prices you want from suppliers? It might be time to review your business terms and conditions. From payment terms to INCO terms and Vendor-Managed Inventory (VMI), contract details play a huge role in your costs. Understanding these elements can lead to better deals and more efficient pricing. We're breaking down the details 👇 https://hubs.ly/Q02LrSSS0

Buyers and sellers have been using Incoterms® for decades to help streamline supply chain movements and provide clarity around what roles each party plays. Using the wrong Incoterm for your shipment can result in confusion and possible delays. Read about Incoterms® 2020 rules, and a highlight of what's changed since Incoterms® 2010: https://bit.ly/41uPq8B

MOVEMENT TYPE 109 109 is Goods receipt from valuated GR blocked stock to your warehouse stock. This goods movement corresponds to a non-valuated movement type 105. Definition: valuated goods receipt blocked stock Quantity of a material supplied by a vendor that has been conditionally accepted (movement type 107) but not yet placed in storage. Valuated GR blocked stock is already managed as part of your own stock but has not yet been released for use. With valuated GR blocked stock, it is possible to carry out the acceptance of ordered material, with transfer of title, at the vendor's site. Goods receipt blocked stock must not be confused with the general stock type "blocked stock". So before you do 109, you should do 107. You can see a check box in PO delivery tab as "origin accept". If it is checked you need to do 107 GR first and and then 109.

What does FOB mean in shipping? Delivery on board a ship Sale on the condition of delivery on board Free on Board: F.O.B.) means that the goods being sold are placed by the seller on board the ship carrying them at the shipping port specified in the contract of sale, and the risks of loss or damage to the goods are transferred to the buyer from the moment they cross Where the goods are located at the barrier of the carrier ship

Please I only need genuine Buyers FOB TRANSACTION PROCEDURE FOB VOPAK TERMINALS DIP & PAY 1. Buyer Sends CIS and ICPO of their purchasing product to Seller for verification and processing: 2. Seller submit buyer files to Vopak Terminal Manager. 3. Seller send Commercial Invoice. Buyer within 48 hours sign and return the CI. 4. Seller review buyer signed CI, and submit the signed copy to Vopak Manager, Vopak Manager review, approved and within 24 hours send Vopak Agreement through Seller. Buyer within 24 hours of receiver of the Vopak Agreement sign and return through Seller. 5. Buyer finalizes the Vopak Terminal Protocols cost through the Seller with the Vopak Terminal Manager, and obtain the following and submit the same to Seller as listed below. o Vopak Barcode o Vopak Registration information. o Vopak Reference Code. v 5b. Format of Authorization Form to accompany the information. LETTER OF AUTHORIZATION: We, (Buyer Name), with registered Office, at (Address). represented by Mr. ________________, with Passport number ________________. Owner of Barcode code at Royal Vopak Rotterdam, with contract reference number: _____________. NB: Immediately buyer complete the above process and receive Vopak Reference through Vopak Terminal Manager, buyer will have access to communicate directly to Vopak Management with the help of the Reference code assigned to the buyer. 6. Seller issue Buyer Full POP documents along with fresh SGS (Not less than 48 hours, one-time official confirmation mail from SGS official). • Fresh SGS Report or Saybolt (Not later than 24 – 72 hours) • Tank Storage Receipt (TSR) with GPS Coordinates of where the Tanks/Vessel are located. • Injection Report Agreement • Authorization to Sell • Authorization to verify the product in the tank (ATV) • Country Certificate of Origin • Approved Dip Test Authorization (DTA • Availability of Product, • Commitment to Supply, 7. After verification of full POP by buyer, injection begins. 8. Upon completing the Injection, Selletbtransfers title to buyer. 9. Buyer makes full payment after via MT1035 to Seller, pay commission to the intermediaries.

Case: We sent samples and are calculating the product’s cost price. The samples are needed for a personal quality check of the products the company will be producing for you (at least to ensure the required quality). However, the shipping rule is that the heavier the load, the cheaper the shipping cost per kilogram. Samples are typically light, so the goal here is to deliver them quickly and make a decision. Usually, different logistics providers specialize in different types of goods and weights: some handle shipments up to 20 kg, while others handle those over 50 kg.