trust

How to Generate Trust in Commodities Transactions: Alternatives to Past Performance Reports

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Confidentiality Challenges in Commodities Trading Commodities trading is an intricate business that requires trust between buyers and sellers. To establish trust, buyers often request past performance reports from sellers. However, due to confidentiality concerns, it may be challenging for sellers to provide these reports without breaching confidentiality. The International Chamber of Commerce (ICC) rules on … Read more

Building Strong Interpersonal Relationships in International Commerce: The Role of Coaching

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In today’s globalized world, international commerce is becoming increasingly common, and the ability to build strong interpersonal relationships is essential for success. The differences in culture, language, and customs can create barriers to effective communication and understanding. This is where coaching can play a vital role in helping professionals navigate the complexities of international commerce … Read more

Proof of Product and Proof of Funds in International Trade: Cost Considerations and Timing

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International trade transactions often require establishing trust and credibility between the parties involved, which can be achieved through providing proof of product (POP) and proof of funds (POF). However, it is important to note that the cost of issuing POF is typically paid by the buyer, while the seller bears the cost of issuing POP … Read more