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Understanding International Trade Finance: Pre-Export Working Capital

Curt Hanson | August 26, 2016 | Export Finance

In the fall of 2008, we experienced a worldwide financial crisis whose effects continue to ripple through the banking sector and economies around the world. The most significant resulting impact on many companies, even eight years later, has been the lack of easy and available credit.

This change has produced a double whammy for U.S. exporters: export orders are up, but more clients are requesting terms; and most banks are not willing to provide financing to support the working capital needed to fulfill the new orders.

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What You Need to Know about the Canada Customs Invoice

David Noah | August 24, 2016 | Export Basics, Export Forms

For many exporters, Canada is the first country they decide to export to, and it’s easy to see why trade with our neighbors to the north is a smart business decision. According to these facts from the U.S. Trade Representative:

  • Canada was the United States' largest goods export market in 2015.
  • U.S. exports to Canada were $337.3 billion in 2015.
  • According to the Department of Commerce, U.S. exports of goods and services to Canada supported an estimated 1.7 million jobs in 2014. 

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Create a Great Signature for Your Export Documents

Lisa Nemer | August 23, 2016 | Shipping Solutions News & Tips

Shipping Solutions export documentation software allows you to print a signature on some of your export documents, such as the invoices, certificates of origin, and shipper's letters of instruction, if you have loaded your signature into the software.

But how do you get your nice-looking signature from a piece of paper into the software without it being stretched, squished or otherwise mangled?

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Export Basics: How to Prepare for an International Trade Show

Francis Peters | August 22, 2016 | Export Marketing, Export Basics

Small and midsize U.S. businesses looking to expand into new markets should not overlook international partnering opportunities. By signing up a distributor or dealer overseas, your product or service can have a global reach. International trade shows provide broad access to potential customers and partners.

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NAFTA Rules of Origin—Advance Rulings

Sue Senger | August 19, 2016 | NAFTA

Since I began writing articles about the North American Free Trade Agreement (NAFTA) over 10 years ago, I have received numerous questions from readers about whether or not their specific products qualify for preferential duty under the NAFTA Rules of Origin.

If in doubt, importers, exporters and producers of goods can (and should) obtain advance rulings from the Customs Administrations of Canada, Mexico and the United States for importations of goods into each country under NAFTA.

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3 Reasons Getting Your Export Documentation Right Is Important to Your C-Suite

David Noah | August 17, 2016 | Export Compliance

Creating consistent, accurate export documents is crucial in keeping your shipment on time and making sure you get paid quickly. While it’s often the export manager’s job to oversee this process, everyone in your company should be concerned that export documents are created the right way.

Here are three reasons getting your export documentation correct is important to everyone at your operation, including your C-Suite.

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The End of Export License Type C32, No License Required (NLR)

Lisa Nemer | August 16, 2016 | Shipping Solutions News & Tips

I have to admit, I get a slight sense of dread when I get an email from the U.S. Census Bureau. Why? Because I know it’s important information for U.S. exporters, but there’s a good chance I’m not going to understand what they are talking about!

There are two approaches with an email like that. You can skim it, assume it’s not important because you don’t understand it, and hit delete. Or you can dive in, Google the regulations you don’t know, make a phone call or two, and make sense of the important information they are relaying.

I used the second method when I received an email titled, “Removal of AES License Type Code C32, No License Required (NLR).”

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Outsourcing Trade Compliance: No Passing the Buck

John Goodrich | August 15, 2016 | Export Compliance

Dear John,

My boss just informed me that as a budget reduction effort, he is going to outsource all import and export trade compliance activities to a third-party logistics firm. That includes my job. When this is done, there will be nobody left at the company that knows anything about trade compliance!

After picking my chin up off of the floor I told him that the law doesn't allow companies to outsource compliance activities; the importer and exporter must have employees that are responsible for the import and export process. My boss asked me to prove it to him. I guess in my panic I was shooting from the hip because now I can't find the regulations that really back me up.

Please help!

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Why the Deemed Export Rule Is So Critical: EAR and ITAR

Kathryn Toomey | August 12, 2016 | Export Regulations, Export Compliance

As a former defense company employee, I remember when our company would schedule a guided tour for many of our client visitors or foreign national contract employees.

Most employees would not mind being the babysitter tour guide, as we were referred to, but occasionally there were those who felt it wasn’t their job to escort others and that the current security procedures in place were sufficient enough to keep visitors from going into unauthorized areas.

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What Is an EEI Filing?

David Noah | August 10, 2016 | Automated Export System (AES), Export Basics

Are you adrift in the sea of export acronyms? Like many industries there are scores of acronyms that get bandied about like tennis balls at Wimbledon. Some of them you probably have heard of; others only come up in specific circumstances.

One of the most important of these acronyms is EEI, which stands for Electronic Export Information. You’ve probably heard it used along with another set of acronyms—AES, ACE, and SED. Let’s take a look at what it means and why it’s important.

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