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 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 14, 2022 By: David Noah
Part of complying with U.S. export regulations is determining if your products have a classification code from the Commerce Control List (CCL) or the U.S. Munitions List (USML). If they don't, they're probably designated EAR99. But even EAR99 products might have some export restrictions. Here's why.
On: February 21, 2022 By: David Noah
Businesses that are already exporting or are planning to start exporting need to follow some basic steps to ensure they comply with U.S. export regulations. Use these six steps as a starting point for implementing a comprehensive export compliance plan.
On: February 16, 2022 By: David Noah
Small- and medium-sized companies often find it difficult to get bank loans to finance their exports. That's why several U.S. government agencies offer loan programs to provide the capital needed to finance export expansion efforts, acquire raw materials and provide export credit insurance.
On: February 2, 2022 By: David Noah
While you may be able to just dive in and start exporting, there comes a point when you need to create a strategic marketing and sales plan for your exports. An export plan will reduce risk and maximize your success.
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