On: August 16, 2023 By: John Goodrich
As an importer, you are required to retain records relative to your importing for five years from the date of entry. Use this checklist to teach staff how to audit an import file, and keep it to demonstrate that you have done your audit work and are in compliance.
On: August 14, 2023 By: David Noah
Under the Incoterms 2020 rules, Free Carrier (FCA) means the seller has fulfilled its obligation when the goods are loaded on the buyer's transport at their warehouse or made available to the buyer at a named place such as a freight forwarder's warehouse or a carrier's terminal. Learn more about the risks and responsibilities and get answers to FAQs.
On: August 9, 2023 By: Lindsay Bernsen Wardlaw
If your product contains more than a de minimis amount of U.S.-origin content, or if your product is made in a facility using equipment that was produced using U.S. know-how, you may need a U.S. export license—even if production and shipment occur completely outside the U.S. Learn how to conduct a de minimis assessment to determine if these rules apply to your product.
On: August 9, 2023 By: Kari Crane
This month's international trade news includes: what you need to know about new policies on self-disclosure of compliance violations, new antiboycott reporting requirements, a Section 301 update, more evidence of nearshoring, the 2023 National Export Strategy and more.
On: August 7, 2023 By: David Noah
There are five common payment options used for exports. Letters of credit (LCs) are one of the most secure instruments available to international traders. They can protect the interests of both the exporter (seller) and the importer (buyer). But they can be time-consuming and expensive to use.
On: August 2, 2023 By: Arnesh Roy
Landed cost calculates the entire cost of importing or exporting your goods, including shipping, handling, customs duties and fees, and more, allowing you to be more strategic and better prepared. We explain what's included in landed cost, the role of Incoterms and how software can simplify the process.
On: July 31, 2023 By: David Noah
A sales contract is an agreement between a buyer and a seller that identifies the parties in the transaction, the goods or services being sold, the terms and conditions of the sale, and the price to be paid. International sales contracts are more complicated and must address more issues.
On: July 26, 2023 By: David Noah
The United Kingdom is a lucrative market for U.S. exporters. But how has Brexit impacted U.S./U.K. trade relations? We explore the opportunities and challenges of exporting to the U.K.
On: July 24, 2023 By: Mitch Kostoulakos
Anti-dumping and countervailing duties (ADD/CVD) are used to protect the U.S. manufacturing industry from unfair trade practices. Understand how these duties are calculated, the impact on U.S. importers and how to determine if a commodity falls under ADD/CVD.
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![International Trade Briefing: August 2023 [Video]](png/itb%20august%202023%20blog%20featured%20image.png)
