On: October 9, 2019 By: David Noah
The International Chamber of Commerce (ICC) has released the new Incoterms 2020 rules that identify the responsibilities of buyers and sellers for the delivery of goods in international trade. The terms also identify when the risk for those goods transfer from the seller to the buyer.
On: October 7, 2019 By: Arnesh Roy
License exceptions are specific criteria that, if met, enable a company to export without a license even when one or more reasons for control apply to their export under the U.S. Export Administration Regulations (EAR). License exceptions come in two types: list-based and transaction-based.
On: October 2, 2019 By: David Noah
In most cases, the proforma invoice will be the first export document you create. When a potential buyer expresses interest in your product, they will send a letter of inquiry outlining the terms of their interest. That inquiry is your cue to create a proforma invoice.
On: September 30, 2019 By: Sue Senger
The commercial invoice is one of the most important documents in international trade and is reviewed by customs, freight forwarders, international bankers, and transport and insurance companies. There are 12 standard data elements that typically appear on the export invoice.
On: September 23, 2019 By: David Noah
There are five common payment options used for exports. In documentary collections, the exporter entrusts the collection of payment to the exporter's bank, which sends documents to the importer's bank. Funds are received from the importer in exchange for those documents.
On: September 16, 2019 By: Francis Peters
There are many reasons for successful U.S. companies to export including: (1) it helps increase your sales volume, and (2) it can extend your products' life cycles. Yet less than one percent of U.S. companies export, often because they don't know how. Here are 7 tips for export success.
On: September 4, 2019 By: David Noah
An export compliance program (ECP) helps companies successfully complete their export journey and avoid violating the Export Administration Regulations (EAR) and International Traffic in Arms Regulations (ITAR). Here's why your company needs one and the elements it should include.
On: September 2, 2019 By: Roy Becker
Too many exporters wait until after their goods have shipped before they take a close look at their letter of credit (LC). They get frustrated by having to prepare export documents that conform to the LC. There are some simple ways to avoid this frustration and get an LC you can work with.
On: August 28, 2019 By: David Noah
When it comes to completing export documents, one of the first questions you might ask is: Where do I start? These seven resources will help you determine what export forms you need to create, what information you need to include, and what they should look like. It never hurts to ask for help.
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.
