On: November 11, 2024 By: Catherine J. Petersen
Learn how the Deemed Export Rule applies when sharing controlled technology with foreign nationals in the U.S. Even without shipping physical goods abroad, your company must comply with Export Administration Regulations (EAR) to avoid potential penalties.
On: March 8, 2021 By: Catherine J. Petersen
Exporters need to understand the different payment options available for an international transaction, along with the corresponding risks, benefits and costs. Use this guidance to help choose the best option and ensure you get paid.
On: February 8, 2021 By: Catherine J. Petersen
Regardless of where you are exporting, the seller needs to prepare and provide export documentation so the buyer can quickly clear customs. Some documents are required by all importing countries; others are country specific. In either case, the paperwork needs to be filled out correctly.
On: December 28, 2020 By: Catherine J. Petersen
The trade term FOB has different meanings for domestic sales versus export sales. The FCA Incoterm is often a better choice for exporters. We compare FOB under the Uniform Commercial Code with the Incoterm 2020 rule Free Carrier.
On: September 21, 2020 By: Catherine J. Petersen
Before you calculate your final selling price and negotiate a sales contract, you and your buyer must agree upon who is responsible for transporting the merchandise as it makes its international journey. Incoterms 2020 rules provide a framework for assigning these costs and associated risks.
On: August 24, 2020 By: Catherine J. Petersen
While Schedule B codes used for U.S. exports are 10-digits long, only the first six digits are the same as in the country of import. Each country is allowed to add up to four additional digits to further delineate the product. So how many digits do I include on my commercial invoice?
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.
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