On: February 26, 2020 By: David Noah
The U.S. Foreign Trade Regulations identify the various parties in an export transaction including a U.S. Principal Party in Interest (USPPI) who may or may not be the same party as the exporter. It's important to understand the difference between the two and the responsibilities of both.
On: February 24, 2020 By: Lisa Nemer
There are different ways you can classify your goods for import and export. Sometimes governments classify goods on the basis of their objective characteristics. Sometimes they classify them based on their use. This article compares two types of government classifications: HS and ECCN.
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: February 10, 2020 By: David Noah
The information required on the invoices you use with your exports often differs with the information that appears on your accounting invoices. If you don't include the right information on your export invoices, your goods can get stuck in customs, or you might have difficulty getting paid.
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: January 13, 2020 By: Arnesh Roy
A Foreign Trade Zone (FTZ) is a designated areas within the United States that is legally outside of the customs territory of the United States. Goods that reside within an established FTZ haven’t yet cleared customs allowing companies to save money and make their products more competitive.
On: January 7, 2020 By: Lisa Nemer
Shipping Solutions export documentation and compliance software added the ability to hide or display the Schedule B Code on the Commercial and Proforma Invoices in Version 9.15 and 8.15 of the software.
On: December 16, 2019 By: John Goodrich
If your company is serious about international trade compliance, it will want to create a compliance office to oversee and control your organization's import and export activities. But where should that office reside—sales, accounting, shipping, legal, purchasing or supply chain?
On: December 11, 2019 By: David Noah
It's easy to get frustrated by the amount of time it takes to complete your export documents. Companies can spend two hours or more on every single export shipment, which can quickly consume an entire day. Here are 10 time-saving tips for creating and organizing accurate export forms.
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