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RFQ
Request for Quotation - Formal request sent to suppliers asking for pricing on specific products.
Definition
Request for Quotation - Formal request sent to suppliers asking for pricing on specific products.
Why It Matters for Importers
Understanding RFQ is essential for anyone sourcing products from China. This term is commonly used in trade negotiations, shipping documentation, and supplier communications. Having a clear understanding helps you:
- Communicate more effectively with suppliers and freight forwarders
- Make informed decisions about shipping and logistics
- Avoid misunderstandings that could lead to delays or additional costs
Need Help Understanding Trade Terms?
Our team can explain any sourcing or shipping terminology in the context of your specific project.