Question

What would be the best practice for payment of goods? What is the importance of packaging? Who is responsible for the packaging? Considering who ultimately pays, what insurance levels would you insist on for any given shipment and Why?

Answer 1

Best practices of payment of goods may be before the end of credit terms, advance payment and payment against delivery. Importance of packaging is customers attraction , details of products features , prices , trademarks, approval, warning , date of manufacturing, validity, certification details , company address, contact details these are the details most important on the packaging of materials.

Packing team , dispatching team and marketing team equally responsible for packaging of products. Branding team always give more attention on packaging and overall looks of packaging of products.

Payment of insurance is depending on the parties like seller , transporter and buyer , anybody can pay for the insurance and general buyer is more alert on insurance and payment of insured goods. Mostly insurance depending of the nature of goods and mostly we insist to full insurance of shipment because insurance compensate in the situation of fire , robbery other unwanted happening that created loss of goods.