On: April 25, 2022 By: David Noah
Many exporters and importers don't understand the differences between freight forwarders and customs brokers. While forwarders generally work on the export side of the transaction and brokers on the import side, their roles can and do sometimes overlap. Here's what you need to know about both.
On: April 20, 2022 By: David Noah
Under the Incoterms 2020 rules, DDP puts the maximum risk and responsibility on the seller. That includes export clearance, international delivery and unloading, import clearance, payment of duty and other fees, and final delivery. It's rarely the best term to use for the seller or buyer.
On: April 13, 2022 By: Kari Crane
World Trade Month is in May. It's a month filled with events to celebrate the importance of international trade to the U.S. economy and to teach new and experienced exporters about various aspects of international trade. This year's theme is 'Overcoming Challenges; Unleashing Growth.'
On: April 11, 2022 By: David Noah
Passages are an opportunity to move forward, improve our knowledge and prepare for what's next. That's why we've renamed our blog Passages: The International Trade Blog. We want the name to reflect how our blog helps people find answers, improve understanding and advance their careers.
On: March 30, 2022 By: David Noah
Duty drawback is one of the least understood and most underutilized programs available to U.S. exporters. If they qualify, exporters can use the duty drawback program to reclaim up to 99% of the duties they paid on their imported goods.
On: March 21, 2022 By: David Noah
Under the Incoterms 2020 rules, DPU means the seller is responsible for clearing the goods for export and bears all risks and costs associated with delivering the goods and unloading them at the named port or place of destination. The buyer is responsible for clearing them for import.
On: March 16, 2022 By: David Noah
N.E.S., or not elsewhere specified, is an important term to understand when determining the proper Export Commodity Control Number (ECCN) classification of your products for export compliance. Find out what it means and how it plays a role in the classification process.
On: March 9, 2022 By: Alberto Rodriguez-Baez
Your success as an exporter is closely tied to the success of your international distributors. We share five tips to ensure you choose the right partners. And if you're overwhelmed by the process, don't worry: Tip #1 highlights a plethora of organizations ready to help in your journey as an exporter.
On: March 7, 2022 By: Richard Corson
Exporters looking to expand into countries that have big growth potential should consider emerging markets. Despite not having a free trade agreement with the United States, these are four markets that exporters may want to consider.
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