VEDAGENT.NET — Foreign economic activity, import and export
Russia, Novosibirsk, pl. Marx, 7 off. 1008. Phone: +7 383 3 284 384

Foreign economic activity consulting

This activity lies in economic, financial, juridical consulting relating to foreign economic relations, registration of foreign economic activity participant, analysis and market forecasting of goods and services, innovations.

Updated reliable information about customs services issues is essential to successful foreign economic activity. Foreign economic activity consulting is an expert and relevant consultations of professional lawyers and foreign economic activity specialists that will assist you in risk reduction and operative response to environment changes.
 
Consulting —- is assistance in scheme selection and conclusion of a foreign trade transaction itself, professional classification and certification of goods, explanation of regulations on the use of Incoterms, justification of customs value and many other issues concerning customs clearance. Russian regulatory framework is quite large and controversial on a number of points. There are many juridical features of conducting of foreign economic activity. Consulting will help to obviate difficulties in effecting the specific deal. In other words, consulting services will help to estimate financial, logistical and juridical possibilities regarding foreign economic activity, optimize business process with the aim of meeting a maximum possible result.
 
Foreign economic activity consulting can be diagramed like this:
 
  • development of a detailed scheme of foreign trade transaction;
  • partner search for a conclusion of contract in the originating country;
  • execution of contract and other necessary documents for purposes of exchange control and customs clearance in the Russian Federation;
  • foreign economic activity accounting procedures;
  • cargo insurance;
  • execution of all necessary documents required for customs escort, clearance and realization of goods;
  • arrangement of transport logistics and customs clearance of cargo with time and cost minimization;
  • juridical escort of customs cargo during transportation, customs clearance and entering in the books of balance;
  • selection of warehouses (consolidation, temporary storage, customs) on route of cargo movement. 
 

Assistance in preparation of a foreign trade contract

Contract – a document on a basis of which any foreign economic deal is concluded. It can be prepared in each language of the contracting parties or in one or several agreed-upon languages.
Professionals of VED Agent have an extensive experience in preparing and negotiating of foreign trade contracts.
 

 

Contract of purchase are most frequent in foreign economic activity. They include:
 
  1. Names of the parties entering into contract.
  2. Description of object of contract.
  3. Designation of forms for coordination of single deliveries – applications, specifications etc.
  4. Cost of goods and contract value.
  5. Currency of payment.
  6. Terms of payment.
  7. Delivery time.
  8. Incoterms 2010 delivery specifications
  9. List of documents from the supplier.
  10. Pay-back period in the event of incomplete delivery or non-delivery.
  11. Sanctions in the event of contract violation for any party.
  12. Force majeure.
  13. Applicable law.
  14. Place of arbitration.
  15. Legal addresses and banking details of parties,
 
Two documents are taken into account at the contract working out. The first one is The UnitedNations Convention on Contracts for the International Sale of Goods (1980) - a treaty offering a uniform international sales law. It came into force on 1 January 1988. The second is UNIDROIT Principles of International Commercial Contracts (1994). However, the UNIDROIT Principles is not a legally binding document. Its application depends on wishes of parties.
 
 

 

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