My last article covered back-to-back letters of credit (LC), and how banks, particularly in the United States, just don’t have an appetite for that type of business. This article is going to cover an alternative to using back to back LCs.Read More
Do you know the difference between HS codes, HTS codes, and Schedule B codes? In casual conversation, exporters tend to use these terms interchangeably; they, for the most part, understand that these are codes representing classifications of products. While it’s not wrong to use them interchangeably in casual conversation, it is important to understand the differences—if not, you could get into trouble, and your shipment could, too!Read More
A couple of weeks ago I visited Washington D.C. to attend the Bureau of Industry and Security (BIS) Update 2015 Conference on Export Controls and Policy.
I love visiting our nation’s capital, and I went a few days early to take in some sights including the National Portrait Gallery, Ford’s Theater, a walk past the White House and the Washington Wizards’ home opener.
When Update started on Monday my feet were aching, and I was ready to sit and listen to the many government officials who were there to share their thoughts with us, the regulated community (their term, not mine).Read More
USPPI. FPPI. EEI. POA…
All the acronyms we use in exporting can make you feel a little overwhelmed. If you’re a little unsure how the FPPI fits into this alphabet soup, you’re not alone. Here’s what you need to know about the Foreign Principal Party in Interest (FPPI) in plain English.Read More
A successful export manager recently told me that many years ago he made an overseas business trip to a major country in Asia. As an afterthought, he decided to stop by a small country that he had never visited before. Much to his surprise, he was able to develop a reasonable amount of business developed from his side trip that continues even today.Read More
When I was in grammar school, I remember one particular day when I disobeyed my teacher. As a consequence of my actions, I was made to stay after school and write “I will listen to and obey instructions when they are given to me” until it filled up the entire chalkboard.
I must have written that sentence hundreds of times. My hands ached, and I was exhausted. But I knew full well that the sentence—and the meaning behind it—would stick with me forever.
Sometimes, I think that would be a good exercise for exporters. Here’s what the sentence would say:
I shouldn’t fill out the NAFTA Certificate of Origin just because the importer asks for it.Read More
Shipping Solutions export software allows you to create reports from your shipment data, so you can analyze what you are shipping to whom and how often.Read More
A documentary collection works well for many export transactions and provides a measure of security for both importers and exporters.
It provides security to buyers since they do not have to pay until they have documents, which provide proof of shipment. It also provides security to sellers since the buyer cannot receive the goods until he pays for them. Therefore, title to the goods remains with the seller until the buyer pays.Read More
In the first part of this series, How to Determine the USPPI, we discussed the definition and history behind the U.S. Principal Party in Interest (USPPI). In this article, we’ll talk about what the USPPI is responsible for in an export transaction.
Once you have an understanding of who the USPPI is, the next step is to make sure you understand what your responsibilities as a USPPI are. Even if you’re not going to board the ship and go overseas, you must make sure you’re doing these things in order to stay compliant and maintain your legal responsibility.Read More
While the main focus of my job is to provide customer service for our Shipping Solutions export documentation software, I often get calls from customers who are looking for training on exporting.
I always compliment them on being smart enough to ask for help on a topic as complicated as exporting. Being knowledgable about U.S. export laws isn't just a good business practice, it's our duty as citizens to make sure goods don't fall into the wrong hands where they can harm us or our allies.Read More