QUESTIONS?
David Noah
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April 8, 2020
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Import Basics,
Export Basics
In our interconnected world, it’s easier than ever to buy, sell and trade goods and services.
Despite the fact that doing business globally is no longer as complicated as it once was, importers and exporters sometimes miss out on opportunities to increase their profit margins because of fear or lack of knowledge regarding how to handle buyers or sellers in other countries—especially with regard to using multiple currencies.
David Noah
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April 6, 2020
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Import Basics,
Export Basics
The world can change quite a bit in just a couple weeks.
Two weeks ago there were nearly 50 events listed on the World Trade Month calendar for May 2020. Most of them were live, local, in-person events scheduled in various locations across the United States. Today, most of those live events have been cancelled, postponed or taken online.
While COVID-19 has made public events dangerous and impractical, those of us involved in international trade still need to stay informed about the changing world of imports and exports.
David Noah
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April 1, 2020
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Export Compliance
I get a lot of emails from exporters who are confused about whether or not their products require an export license. Their initial search through the Export Administration Regulations (EAR) indicate that they do, but then they hear or read about export license exceptions that may be available.
I've put together an overview that explains what license exceptions are and how they work. This discussion assumes you know the basics of export licenses. If you are new to the export license process, I recommend that you first download and read our free white paper, How to Determine if You Need an Export License.
David Noah
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March 30, 2020
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Export Basics
One of the more common questions we hear from new exporters is, “What are these fees on my freight forwarder's invoice?”
We spoke to Tom Hullinger, regional vice president at Global Distribution and Logistics, a freight forwarder based out of Chicago, to find out what charges—common and non-standard—you can expect to see when you get your freight forwarder pricing list.
David Noah
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March 25, 2020
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Export Basics
We recently received an email from one of our customers informing us they are considered an essential service and hoping we are available to meet their needs to help keep their business running. Although most of our staff are working from home, Shipping Solutions is still available to meet the needs of the international trade community.
If you need to reach us, an email is the most efficient way to communicate. We are still answering our phone if you prefer to call. However, you may be more likely to get a voice mail message than you normally would. Don't worry, we will get back to you in a timely manner.
Here is a breakdown of the services we continue to provide.
Catherine J. Petersen
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March 23, 2020
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Export Forms
Documenting your international shipments does not begin and end with the commercial invoice. A commercial invoice is not a substitute for a packing list, and a packing list is not a substitute for a commercial invoice.
The commercial invoice may be first in a line of export documents that you must issue to get your goods shipped from the United States, cleared through customs at the final destination, and delivered to your customer’s warehouse. However, an export packing list provides important information to all the interested parties.
David Noah
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March 18, 2020
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Incoterms
Incoterms 2020 rules are the latest revision of international terms of trade published by the International Chamber of Commerce (ICC). They are recognized as the authoritative text for determining how costs and risks are allocated to parties conducting international transactions.
Incoterms 2020 rules outline whether the seller or the buyer is responsible for, and must assume the cost of, specific standard tasks that are part of the international transport of goods. In addition, they identify when the risk or liability of the goods transfers from the seller to the buyer.
In this article, we’re discussing the Incoterm DPU, also known as Delivered At Place Unloaded.
David Noah
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March 11, 2020
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Automated Export System (AES)
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.
David Noah
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March 9, 2020
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Automated Export System (AES)
I recently got a call from someone trying to gain a better understanding of the differences between standard and routed export shipments (also called routed export transactions) and how responsibilities change when dealing with routed export shipments.
Then, I got another call, and then an email or two, and so on—so perhaps you have these questions as well. Let me explain.
