On: November 28, 2018 By: David Noah
Chinese New Year has a significant impact on exporters because Chinese factories, ports and many other businesses in China actually close down during the holiday. Here's how you can prepare for Chinese New Year on February 5, 2019.
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: November 12, 2018 By: Roberto Bergami
One of the critical issues for successful importers and exporters is the timely movement of cargo across international boundaries. This is an important aspect for any business, as time is money. Slow delivery increases the price of the goods and means additional costs when running the business.
On: November 5, 2018 By: Roy Becker
There are many reasons why you may want to use a letter of credit to get paid for your export shipments. But Letters of credit can be complicated. It's important to know what you're doing to avoid delays and other frustrations. Here are 8 tips from an expert on getting paid with a letter of credit.
On: October 15, 2018 By: Chris Lidberg
Of the four primary export payment options—cash in advance, open account, letters of credit, and collections—you can only forecast when you might receive payment with two of them: cash in advance and letters of credit. Payment under collections and open account is at the discretion of the buyer.
On: October 8, 2018 By: David Noah
Whatever you think about President Trump's trade agenda, there's no denying that 2018 has been an unusual year for international trade. This infographic provides a simple overview of the changes the President is making, the rational behind those changes, and the consequences of their implementation.
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 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 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.
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