On: June 17, 2019 By: David Noah
International trade includes a spectrum of risk, which causes uncertainty over the timing of payments between the exporter (seller) and importer (foreign buyer). Therefore, part of the sales negotiation is identifying which of the five common international payment options you are going to use.
On: June 12, 2019 By: David Noah
Exporting is a journey, but not one you'd ever want to take alone. That's why we've identified more than 20 different resources you can utilize as you guide your company through the export process, from product and market research to getting paid for your goods on time.
On: June 10, 2019 By: Catherine J. Petersen
What is the future of international logistics in the face of A.P. Moeller-Maersk’s and CGA CGM Group's approach to integrated services along with the widely available technology we employ in standard business transactions? Will the benefits be wide spread or help only the largest shippers?
On: June 5, 2019 By: David Noah
Getting your goods through customs can be difficult if you don't know a country's import requirements. Requirements extend to shipping (hazmat, dangerous goods, routing, etc.), customs, and beyond. So how do you identify import country requirements for nearly 200 countries around the world?
On: May 29, 2019 By: David Noah
A reexport is the shipment of an item subject to the Export Administration Regulations (EAR) from one foreign country to another foreign country. A reexport also occurs when there is release of technology or software in one foreign country to a national of another foreign country.
On: May 20, 2019 By: Chris Lidberg
Too often sellers don’t give much thought to the actual terms and conditions in their letters of credit. This is a mistake, since it can cause all sorts of problems including granting buyers access to their goods before you even get paid.
On: May 6, 2019 By: David Noah
A lot can wrong if you incorrectly fill out an ocean bill of lading. Even seemingly small mistakes can result in delays in delivery and in getting paid, denial of claims, incidental costs resulting from delivery delays, and other penalties. Here are some common mistakes and how to avoid them.
On: April 29, 2019 By: Chris Lidberg
One of the reasons a company uses letters of credit (LC) is because they assure payment. But in order for payment to be received, your documents must comply with the terms of the LC. In order to meet that requirement, you need to carefully review it before you ship your goods. Here's what to look for.
On: April 22, 2019 By: Lisa Nemer
The Bureau of Industry and Security says shipments to Puerto Rico are not an export and duties should not be applied. The Export Administration Regulations agree. But the Foreign Trade Regulations require shippers to submit their electronic export information to AESDirect.
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