QUESTIONS?
David Noah
|
September 23, 2020
|
Export Compliance,
Export Basics
As an exporter, you must be concerned with the proper classification of your goods and products.
I hear from many exporters who are confused about the Export Control Classification Number (ECCN) classification for their product and the Harmonized System (HS), Harmonized Tariff Schedule (HTS), and Schedule B numbers of their products.
First, it’s critical to understand that these classification systems have different purposes.
Catherine J. Petersen
|
September 21, 2020
|
Incoterms
Before you calculate your final selling price and negotiate a sales contract, you and your buyer must agree upon who is responsible for the expense of transporting and insuring the merchandise from the time it leaves your plant or warehouse to the time it arrives at your customer's premises.
To assist in this process, the International Chamber of Commerce (ICC) has created a generally accepted, readily understandable nomenclature called Incoterms 2020 that defines the responsibilities of both the buyer and seller in the various transportation options.
David Noah
|
September 16, 2020
|
Export Markets
Do you want to go bungee jumping?
Perhaps this seems like a strange question, but stay with me. Are people who bungee jump crazy? Or are they just having fun and seeking an adrenaline rush?
No matter your opinion, the point is that bungee jumpers have assessed the risk and determined that it is acceptable.
David Noah
|
September 14, 2020
|
Automated Export System (AES),
Export Compliance
If you are an exporter who submits your electronic export information through the Automated Export System (AES) on the Automated Commercial Environment (ACE), you've already set up an ACE account.
But if your companies relies on a third party like your freight forwarder to handle the ACE filings for your exports, you probably haven't bothered to set up an account.
While there's no requirement to set up an ACE account if you aren't doing your own AESDirect filings, you are missing an opportunity to use the ACE platform to help ensure your company is complying with U.S. export regulations.
David Noah
|
September 9, 2020
|
Export Markets
The relationship between Mexico and the United States has been highly publicized as of late—from border walls to drug cartels to the USMCA. Despite the sometime contentious relationship between the two countries, U.S. exporters should still consider Mexico an exciting growth opportunity.
This article looks at the history of U.S. trade with Mexico; how the USMCA has altered trade with Mexico; the process of exporting to Mexico, including documentation and compliance requirements; and the benefits and considerations for U.S. companies looking to break into the Mexican market.
Lisa Nemer
|
September 8, 2020
|
Export Forms,
Shipping Solutions News & Tips
Shipping Solutions has released an eight-and-a-half minute introductory video for its export software.
Getting Started with Shipping Solutions Export Documentation and Compliance Software shows you how to store your contacts and products in the Shipping Solutions databases, create shipments, print documents, file your electronic export information through AESDirect, comply with export regulations, and much more!
David Noah
|
September 2, 2020
|
Export Basics
Lisa recently talked to someone who was having trouble with an EEI filing. He kept getting an error and couldn’t figure out why—until he realized the Schedule B number he was using wasn’t current, so AESDirect was rejecting the filing.
This is an important reminder for all exporters (and importers, too!) to stay current on product classification numbers. Exporters need to be concerned about the accuracy of their export documents and Electronic Export Information (EEI) filing through AESDirect. Importers need to be concerned as well; if they use an outdated number, it may cause problems with customs clearance.
David Noah
|
August 31, 2020
|
Export Compliance
Restricted party lists (also called denied party lists) include names of organizations, companies or individuals that various U.S. agencies—and other international organizations and foreign governments—have identified as parties that one cannot do business with.
There are several reasons why a person or a company may be added to a restricted party list, which we’ve outlined in the article, Export Compliance: Understanding Restricted Party Screening. Essentially, they may be a terrorist organization or affiliated with such an organization, they may have a history of corrupt business practices, or they may otherwise pose a threat to national security.
David Noah
|
August 26, 2020
|
Export Compliance
While it’s possible for importers and exporters to manually do all the work required for compliance, it can be a difficult task.
In addition to requiring deep knowledge of the regulations, manual compliance processes also demand constant, thoughtful attention to the import-export universe—including regulatory changes, product classification revisions, updates and additions to denied party and sanctions lists, and more.
Catherine J. Petersen
|
August 24, 2020
|
Export Basics
Dear Cathy:
During the past year, we have been working diligently to ensure that our documents clearly reflect all the details and information needed for export and import clearance. This has included a project to ensure that our classifications for export are accurate.
We are stymied now. The question that we are trying to resolve at this moment is whether we should report the six-digit portion of the Schedule B code number or the full 10-digit number on our commercial invoices.