{"id":148,"date":"2021-02-23T08:18:06","date_gmt":"2021-02-23T08:18:06","guid":{"rendered":"https:\/\/china-docshipper.uiart.io\/en\/2024\/12\/26\/sourcing-guide-from-china\/"},"modified":"2025-02-16T04:45:50","modified_gmt":"2025-02-16T04:45:50","slug":"sourcing-guide-china","status":"publish","type":"post","link":"https:\/\/china.docshipper.com\/en\/sourcing\/sourcing-guide-china\/","title":{"rendered":"Sourcing guide from China"},"content":{"rendered":"\t\t
In the world of international trade, the vocabulary of importers is very broad and they need to know all the terms and acronyms used and which are important with regard to pricing and contractual terms.<\/span><\/p> In this paragraph we present all the important acronyms to know and that we will use for the rest of the article and therefore, if you need, just come back here. Here you are all the acronyms you need to know and their explanations:<\/span><\/p> AQL<\/b> stands for <\/span>Acceptable Quality Limit<\/i><\/b>. And with this, the importers, using percentages, refer to the severity levels of the product defect and it is measured based on the defects that the importer agrees to and their severity.<\/span><\/p> CBM<\/b> stands for <\/span>cubic meter<\/i><\/b> and is a known acronym but specifically for this sector it is important to know because it is used by importers, internationally, to measure freight cargo.<\/span><\/p> MOQ<\/b> stands for <\/span>Minimum Order Quantity<\/i><\/b>. Is an acronym used by suppliers to indicate the minimum quantity of an order that the supplier can accept.<\/span><\/p> FBA<\/b> stands for <\/span>Fulfillment By Amazon<\/i><\/b> and is a program in which Amazon takes care of the storage and fulfillment of goods and also takes care of customer service for third party sellers who can sell on Amazon.<\/span><\/p> FCL<\/b> stands for <\/span>Full Container Load<\/i><\/b>. This means that the whole container is used to transport the goods and it is more convenient for importers to use this method because costs are added for incomplete containers and are inefficient.<\/span><\/p> LCL<\/b> stands for <\/span>Less Than Full Container Load<\/i><\/b>. This acronym is used to indicate containers that are not full of goods and usually other LCL shipments are added to fill these containers<\/span><\/p> QC<\/b> is the acronym for <\/span>Quality Control<\/i><\/b>. For the quality control of a product, inspections are carried out and this process includes the drafting of contracts and checklists.<\/span><\/p> RFQ<\/b> stands for <\/span>Request For Quotation<\/i><\/b>. This request is made by importers to suppliers to ask them for an estimate on the costs of producing the goods.<\/span><\/p> To refer to different pricing agreements between the supplier and the importer, there are many different <\/span>incoterms<\/i><\/b> to know and here are some important incoterm acronyms you need to know:<\/span><\/p> EXW<\/b>, means <\/span>Ex Works<\/i><\/b> and is used when the importer has to pay the transport costs from the supplier because, in this case, once the goods are packed, the supplier no longer has any responsibility for them and therefore for all the rest must be handled by the importer.<\/span><\/p> FOB<\/b> means <\/span>Free On Board<\/i><\/b><\/a>, this means that the supplier has responsibility for the goods only until they are loaded for shipment and therefore he is not responsible for the goods during and after the shipment.<\/span><\/p> CIF<\/b> means <\/span>Cost, Insurance and Transportation<\/i><\/b> and is when the supplier has full legal responsibility for the goods from when they leave his warehouse until they are delivered to the port of destination.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t DocShipper Info<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Why Do Suppliers Set MOQs?<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t The MOQ is set because suppliers prefer larger orders and if too small orders are placed, the<\/span> overhead is too expensive<\/span> and it is also set because the minimum order quantity is based on <\/span>component and raw material expenses<\/span> for the supplier and that they are purchased from their sub-suppliers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
<\/span><\/p><\/span>All the acronyms you need to know<\/b><\/h3>
<\/span>Acronyms to know about incoterms<\/b><\/h4>