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 3, 2018 By: Lisa Nemer
As of April 1, 2018, the green U.S. Certificate of Origin for Exports to Israel form has gone away. Instead, exporters to Israel who want to claim preferential duty rates under the U.S. - Israel Free Trade Agreement need to include a new statement on their commercial invoice.
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 26, 2018 By: David Noah
Of course you never want to face an export compliance audit by the U.S. Office of Export Enforcement, the FBI, or some other government agency. But that doesn't mean you shouldn't plan for one. Here are three key steps your company should follow to plan for — and survive — an audit.
On: September 24, 2018 By: Catherine J. Petersen
U.S. export regulations apply to items that may be manufactured for commercial purposes but which may be used or can be modified and used for military or terrorism purposes. These are considered dual-use goods and may require an export license before they can be exported or re-exported.
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 10, 2018 By: John Goodrich
We all know what a part is, so it comes as a surprise to some that the Harmonized Tariff Schedule (HTS) uses the word 'part' with a narrower and precise definition. What we call a part in industry is rarely what the HTS code refers to as a 'part' or 'parts thereof.' You need to know the difference.
On: September 5, 2018 By: Lisa Nemer
Shipping Solutions software makes it easy to create two different types of the Shipper's Letter of Instruction: (1) an SLI that serves as a cover letter to your freight forwarder, and (2) an SLI that provides the required electronic export information to allow a 3rd party to file through AESDirect.
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