International Sale

An International Sale involves a business in one country selling goods or services to a customer in another country. It requires adherence to international trade regulations, customs procedures, and payment mechanisms.

Delivery terms, such as Incoterms, specify responsibilities regarding shipping. Customs processes include import/export declarations, tariffs, and duties. Payment mechanisms encompass methods like Letters of Credit, Open Account, and Wire Transfer. Currency exchanges and foreign trade laws impact transactions.

Examples of international sales are:

• A U.S. company exporting electronics to Germany
• A Chinese manufacturer selling textiles to Brazil
• An Indian firm providing software services to the UK