On: February 17, 2020 By: Catherine J. Petersen
A Manufacturer’s Affidavit may be required for your exports and imports. For exports, it may be used in lieu of a certificate of origin or to satisfy a letter of credit. For imports, it may help verify goods being returned are of US-origin, have not been altered, and are duty-free.
On: January 20, 2020 By: Catherine J. Petersen
When completing your commercial invoice for your export of free samples, you need to include a value. If the products being shipped are indeed samples, then have the packaging and the packing marked with an indication that the goods are for testing and sample purposes, not intended for resale.
On: August 12, 2019 By: Catherine J. Petersen
A letter of credit does guarantee payment. There are terms and conditions to be met including deadlines whether they are explicitly stated in the letter of credit or implied under the UCP 600. If shipping delays make it difficult to meet those deadlines, consider some alternatives.
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: March 4, 2019 By: Catherine J. Petersen
Keeping out the bugs has become the worldwide mantra for exporters and importers. There are more than 85 countries that have adopted the International Standards for Phytosanitary Measures No. 15 (ISPM 15) regulation for wood packaging since its inception in 2001. Here's how to comply.
On: February 11, 2019 By: Catherine J. Petersen
Even if your company isn’t doing its own Electronic Export Information (EEI) filing through AESDirect, you should set up an ACE account so you can obtain and examine the ACE reports for your exports. Too many exporters have discovered problems with EEI filings that use their company's tax ID number.
On: January 14, 2019 By: Catherine J. Petersen
Accurate export documents are essential. They help ensure your goods clear customs, arrive at the right destination, and you get paid on time. Unfortunately, export paperwork sometimes gets issued with wrong information. Here's what you need to do if you discover errors in your export paperwork.
On: November 26, 2018 By: Catherine J. Petersen
In order to correctly import or export your products, you need to properly classify your goods.There are some great tools for you to use to help determine the correct classification. These will help you make decisions based on the General Rules of Interpretation of the Schedule B codes.
On: October 22, 2018 By: Catherine J. Petersen
If your export customer asks for a commercial invoice with a low value for customs purposes, make sure you decline the request or you could face severe penalties. While it may seem harmless enough to make a small adjustment, the consequences can be quite large including large monetary fines.
Be among the first to know every time a new article has been posted. It is absolutely free!
Join the 33,143 other exporters and importers who get the latest news, tips and insights from international trade professionals.
