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How to Create a CARICOM Invoice

5/3/16 2:00 PM | Lisa Nemer | Shipping Solutions News & Tips

The CARICOM Invoice is used when exporting goods from the U.S. to one of the 15 Caribbean countries that belong to the Caribbean Community and Common Market trade agreement.

If you do a lot of exporting to places like the Bahamas or Jamaica (see below for a full list of CARICOM countries), you have probably completed a CARICOM Invoice. Shipping Solutions export software helps you create a CARICOM Invoice quickly, easily and accurately.

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A Transferable Letter of Credit Helps Build a World-Class Aquarium

5/2/16 10:00 AM | Roy Becker | Letters of Credit

Norm had just participated in one of the many workshops and seminars I teach every year at the World Trade Center Denver. This seminar was geared toward companies that had just begun exporting.

My presentation discussed the basic methods of payment used by exporters. After the session, a tall, broad-shouldered man introduced himself as Norm and asked if I would have lunch with him.

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CAFTA-DR: Determining the Rules of Origin

4/29/16 9:39 AM | Sue Senger | Free Trade Agreements

The Central America-Dominican Republic-United States Free Trade Agreement (CAFTA-DR) provides duty-free trade on most goods traded between the United States, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua.

My first article in this series provides some background about the agreement. My last article discussed how to declare that a good is originating. This final article in the series addresses the rules of origin.

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Incoterms DAP: Spotlight on Delivered At Place

4/27/16 10:00 AM | David Noah | Export Basics, Incoterms

Incoterms are the official International Chamber of Commerce (ICC) rules for the explanation of trade terms. Incoterms are adhered to by all major trading nations of the world, and it is the authoritative text for determining how costs and risks are allocated to the parties conducting international transactions. Incoterms facilitate the conduct of international business by defining the responsibilities of the involved participants.

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Deadline for Exporters to Begin AES Filing through ACE Is April 30

4/26/16 1:00 PM | Lisa Nemer | Shipping Solutions News & Tips

During the last couple of months, AESDirect has been slowly shutting down user IDs, forcing exporters to begin logging in through the Automated Commercial Environment (ACE).

Filing has continued as normal, however, if you use Shipping Solutions export software, but that too is coming to an end. April 30, 2016, is the last day exporters can log into the AES Legacy system and file their Electronic Export Information (EEI), even through Shipping Solutions.

Starting May 1, you will need to use the ACE Portal to access AESDirect and file your EEI. In order to use the ACE Portal, however, you will need to have an ACE Exporter account and Shipping Solutions version 9.10 or 8.10.

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Understanding U.S. Principal Party in Interest (USPPI)—Part 2

4/25/16 12:41 PM | Catherine J. Petersen | Automated Export System (AES), Export Regulations

This is the second of three articles that discuss the definition and use of the U.S. Principal Party in Interest (USPPI) and provide real-life case studies (with the names changed) of which firm is legally the USPPI.

As I discussed in my first article in this series, one of the biggest changes to the Foreign Trade Regulations (FTR) in the fall of 2000 involved replacing the term Exporter with USPPI and how that affected the filing of the Electronic Export Information (EEI) through the Automated Export System (AES).

Rather than wanting the name of the exporter, the U.S. Census Bureau wants to know which person in the U.S. receives the primary benefits, monetary or otherwise, of the export transactions. Generally that person is the U.S. seller, manufacturer, order party, or foreign entity.

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Deciding on Appropriate Export Payment Terms

4/22/16 10:19 AM | Chris Lidberg | Export Finance

An important part of an international sale is determining payment methods. The major options include cash in advance, collections, letters of credit or open account.

It can take a lot of time and effort to make this decision, but every minute you invest in this decision can mean the difference between money in the bank or writing off bad debt.

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6 BIS Tools to Help with Export Compliance Responsibilities

4/20/16 10:00 AM | David Noah | Export Compliance, Export Basics

Export compliance isn’t sexy—it’s not the jet-setting, money-making, network-growing side of the business many people think of when they think about exporting.

However, as exporters, it’s our responsibility to make sure we’re following the letter of the law. As all savvy and successful exporters know,  export compliance is crucial to the health of your company (as well as the safety of the United States).

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Export Codes, Classifications and Numbers, Oh My!

4/18/16 10:00 AM | David Noah | Export Compliance, Export Basics

Remember that scene from the Wizard of Oz, when Dorothy, the Tin Man, Lion, and Scarecrow cautiously wander through the haunted forest, terrified of what could jump from behind the next tree and devour them? “Lions and tigers and bears, oh my!” was the chorus that distracted them from the fear that gripped their journey.

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CAFTA-DR: How to Declare That a Good Is Originating

4/15/16 9:06 AM | Sue Senger | Free Trade Agreements

The Central America-Dominican Republic-United States Free Trade Agreement (CAFTA-DR) provides duty-free trade on most goods traded between the United States, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua. My last article provides some background about the agreement.

In order to get this preferential treatment, the importer is responsible for making the claim. The exact manner for doing so is determined by the individual signatory countries. While there is no specific certificate of origin form that must be used (unlike NAFTA), there is a commonly used version of the CAFTA-DR Certificate of Origin form, which you can download here.

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