Trade knowledge guide
Request for Quotation (RFQ)
A useful RFQ defines product specifications, quantity, destination, packaging, target timing and required documents.
Key caution
Ask suppliers to list MOQ, sample charges, tooling, quotation validity, lead time, payment terms, delivery terms and exclusions separately.
Practical checklist
- Record product, parties, origin, destination and relevant dates.
- Define contract responsibilities and acceptance criteria in writing.
- Request documents relevant to the exact product and market.
- Verify material claims with an official source or issuing body.
- Keep quote versions, approvals, payment records and shipment documents.
- Resolve uncertainty before irreversible payment or shipment.
General education only; confirm current obligations with official authorities and qualified professionals.