On: October 1, 2018 By: Roy Becker
A documentary collection works well for many exports and provides a measure of security for both importers and exporters. It is simple, fast and less costly than a letter of credit. This article explains the typically seven-step transaction flow with a documentary collection and the potential risks.
On: September 26, 2018 By: David Noah
Of course you never want to face an export compliance audit by the U.S. Office of Export Enforcement, the FBI, or some other government agency. But that doesn't mean you shouldn't plan for one. Here are three key steps your company should follow to plan for — and survive — an audit.
On: September 24, 2018 By: Catherine J. Petersen
U.S. export regulations apply to items that may be manufactured for commercial purposes but which may be used or can be modified and used for military or terrorism purposes. These are considered dual-use goods and may require an export license before they can be exported or re-exported.
On: September 17, 2018 By: Joseph A. Robinson
Exporters often think of chambers of commerce only in terms of signing certificates of origin. But there are other services and programs that chambers of commerce provide. Business savvy managers utilize chambers to help increase the efficiency and effectiveness of their international business.
On: September 10, 2018 By: John Goodrich
We all know what a part is, so it comes as a surprise to some that the Harmonized Tariff Schedule (HTS) uses the word 'part' with a narrower and precise definition. What we call a part in industry is rarely what the HTS code refers to as a 'part' or 'parts thereof.' You need to know the difference.
On: September 5, 2018 By: Lisa Nemer
Shipping Solutions software makes it easy to create two different types of the Shipper's Letter of Instruction: (1) an SLI that serves as a cover letter to your freight forwarder, and (2) an SLI that provides the required electronic export information to allow a 3rd party to file through AESDirect.
On: September 4, 2018 By: Roy Becker
If you are relying on a letter of credit to get paid for your export, there are two important expiration dates included in the LC that you must be aware of: (1) the expiration date, and (2) the presentation period, which is the window of time in which the exporter must present documents.
On: August 27, 2018 By: Catherine J. Petersen
Some certificates of origin like the USMCA or CAFTA COO are voluntarily and should only be used when appropriate under the terms of a free trade agreement. Generic COOs, on the other hand, may be required for your exports in order for goods to clear customs in the destination country.
On: August 20, 2018 By: Joseph A. Robinson
While it's easier than ever to reach potential export customers, you should create a MAP -- a Marketing Action Plan -- to really grow export sales and profits. Fortunately, creating an export MAP doesn’t have to be difficult or expensive.
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