CROSS TRADE SHIPMENTS
Cross trade, also known as triangular operations, are a type of intra-community trade involving three companies located in different countries. Also known as cross trade, these operations allow, for example, Spanish companies to purchase goods from a foreign company with the goal of selling them to a third company in another country.
At Ibercóndor, we handle the transportation of goods directly from the supplier country to the final destination, maintaining transaction confidentiality to reduce costs. We offer top-notch services for your cross-border triangular operations!
Comprehensive cross trade service
At our international transport and customs company, we have logistics operators specialized in all types of triangular operations. At Ibercóndor, we manage various types of operations based on specialization:
Intra-community Triangular Operations
We are specialists in intra-community operations, where all three companies are located in EU member countries.
Extra-community Triangular Operations
We have experts in extra-community operations, which occur when the seller or buyer is located outside the European Union member states.
Due to globalization, cost savings, and specialization in transportation operations, cross-border trade operations are increasingly common. At Ibercóndor, we advise on various types of cross trade: intra-community and extra-community.
Triangular operations with added value
Personalized service
Our transport company adapts to your specific needs to provide the best solution for national or international cargo operations.
Comprehensive european coverage network
We collaborate with prestigious and renowned European firms, allowing us to offer a personalized cross trade service with international reach.
Confidentiality
Confidentiality is crucial for the success of these operations. Our transport experts do not disclose information between the manufacturer and the final buyer and vice versa.
Security and assurance
We conduct thorough tracking of the goods and provide all-risk cargo insurance, always complying with international regulations and standards.
Cross trade specialists
Our team of logistics experts is willing to improve your organization’s supply chain efficiency
Ibercóndor’s international trade consulting team consists of qualified personnel supported by a broad network of global agents, essential for advising on processes, costs, and risks associated with triangular operations.
We have logistics operators with advanced knowledge and tools to coordinate your operations and manage transportation, customs , and tax and tariff payments, if applicable.
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Frequently asked questions about cross trading
Triangular operations involve three companies located in different countries. For example, they allow Spanish companies to acquire goods from a foreign company with the aim of selling them to a third company located in a different country.
In these operations, the customs agent handles customs clearance with only the mandatory taxes, while the freight forwarder ensures that all documentation and transport arrangements are properly managed.
Extra-community operations are divided into:
- Mixed Extra-community: The manufacturer or buyer is outside the EU, but the other parties involved in the triangular trade operation are within the EU.
- Pure Extra-community: Both the manufacturer and the buyer are outside the EU, but the intermediary company is based in an EU member state.
At Ibercóndor, we are experts in both types of operations. Feel free to contact us for a customized quote.
The complexity of international trade operations lies in the involvement of three companies responsible for the transport, each situated in a different country.
Additionally, in triangular operations, the importer and exporter may not know each other, which can lead to potential documentation issues due to missing information.
At Ibercóndor, we ensure direct transportation of the goods from the supplying country to the final destination, maintaining transaction confidentiality to reduce costs.
For triangular operations to be successfully carried out, they must be managed by a competent logistics operator who handles transportation organization, customs management, and payment of taxes and tariffs if applicable.
- The managing agent needs advice on:
- Issuance of B/L or AWB or CFR (Certificate of Receipt) for maritime or aishipments.
- Required documentation.
- Specific documentation or conditions if there are documentary credits in either or both operations (purchase/sale).
- Negotiation of terms.
- Incoterm to apply in each of the two operations (purchase and sale).
- Origin of the goods. The origin of the goods must always be maintained (documents related to origin).