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.
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.
On: August 27, 2018 By: Catherine J. Petersen
Some certificates of origin like the USMCA or CAFTA COO are voluntarily and should only be used when appropriate under the terms of a free trade agreement. Generic COOs, on the other hand, may be required for your exports in order for goods to clear customs in the destination country.
On: August 20, 2018 By: Joseph A. Robinson
While it's easier than ever to reach potential export customers, you should create a MAP -- a Marketing Action Plan -- to really grow export sales and profits. Fortunately, creating an export MAP doesn’t have to be difficult or expensive.
On: August 13, 2018 By: John Goodrich
Classifying your products for importing and exporting requires expertise in the properties of your products and the government rules of interpretation. Properly classifying your products can save your company a significant amount of money while helping prevent trade compliance violations.
On: August 6, 2018 By: Roy Becker
Make sure your export documents conform to the terms outlined in your letter of credit. Learn these three important letter of credit lessons to avoid a potential export disaster.
On: July 30, 2018 By: Mary K. McCormick
The Foreign Corrupt Practices Act (FCPA) forbids payments to foreign officials to attract or keep business. In the early years, criminal prosecutions under the FCPA were few and far between. That has changed.
On: July 23, 2018 By: Hank Selby
Importers and exporters must accurately classify their products for customs. Here are strategies for finding the proper Harmonized Tariff Schedule (HTS) or Schedule B codes for your products.
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