QUESTIONS?
David Noah
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June 12, 2019
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Export Basics
So, you want to know how to become an exporter. Congratulations on choosing to embark on this journey!
Now, take a deep breath: There’s a lot you need to know in order to become successful in the world of international trade. This article will help you get started.
Catherine J. Petersen
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June 10, 2019
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Export Basics
I’ve been reading article after article about the future of freight forwarding in the face of A.P. Moeller-Maersk’s and CGA CGM Group's approach to integrated services along with the widely available technology we employ in standard business transactions.
Maersk and CGA CGM have acquired large freight forwarder and customs broker organizations to create an end-to-end, port-to-port service profile for their core business, container shipping. Maersk acquired customs broker Vandegrift, Inc. to complement its acquisition of Damco Sea & Air; CGA CGM acquired CEVA Logistics.
David Noah
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June 5, 2019
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Import Basics,
Export Basics
One of the most costly mishaps an exporter can face is to get their goods to the destination and realize that something was overlooked. Either they made a mistake, the deal was structured incorrectly, or responsibility was overlooked.
Often, this happens because sellers get seduced by the thought of a sale and put on blinders for the realities of it. Unfortunately, they end up in a difficult and costly situation because they didn’t think about what steps needed to be taken.
David Noah
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May 8, 2019
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Export Basics
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!
David Noah
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May 1, 2019
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Export Compliance,
Export Basics
It may seem easy to become an exporter—particularly since the internet knows no borders—but the scope of things exporters need to be aware of is very broad.
To start with, companies need to identify foreign markets for their products, determine the best method for selling those goods, and make sure they're going to get paid.
They also need to be aware of potential export compliance issues. And to do that, they need to know which U.S. government agency has jurisdiction over their goods and what set of export regulations apply. Without enough information, it can quickly get confusing.
David Noah
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April 17, 2019
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Export Compliance,
Export Basics
The Destination Control Statement is a legal statement required by the Export Administration Regulations (EAR) and the International Traffic in Arms Regulations (ITAR) stating that the goods you are exporting are destined to the country indicated in all the shipping documents. It is a necessary legal boundary clarifying what happens to shipments, and it essentially states that the buyer isn’t going to take the goods and forward them to another country.
Until recently, the statement required by the Bureau of Industry and Security (BIS) under the EAR was different than the statement required by the State Department under the ITAR. That changed in November 2016 after both agencies published notices in the Federal Register of a single, harmonized statement that can be used by exporters regardless if their goods fall under the jurisdiction of BIS or State.
David Noah
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April 3, 2019
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Export Basics,
Export Forms
In my first article in this series, I discussed the role chambers of commerce play in exporting.
In this article, I'm focusing on one of the most useful services a chamber of commerce provides to exporters: export documents. Specifically, their role in helping you create a certificate of origin.
Here’s what you need to know about that process.
In most standard sales of goods contracts, roughly the last third of the agreement consists of the most standard, little-noticed clauses known as boilerplate. These include clauses on subjects such as Assignment, Waiver, Notices and the like. In most negotiations, the parties spend little or no time focusing on or re-writing these clauses.
One of the typical boilerplate clauses is what is known as a force majeure clause. For sellers of goods, it pays to take some time to focus on this clause.
David Noah
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March 20, 2019
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Export Compliance,
Export Basics
Are you afraid to export goods that require a license? If so, you’re not alone. I’ve talked with exporters who are hesitant to export goods because they know the process would require an export license, and they don’t know how to begin to apply for one.
The good news for them (and for all exporters) is that the process of applying for an export license is not so bad at all. In this article, we’ll focus on the Commerce Department’s Bureau of Industry and Security (BIS) Simplified Network Application Process Redesign (SNAP-R) process for applying for an export license.
John Goodrich
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March 18, 2019
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Export Compliance,
Export Basics
You all know about the three academic R’s, of Reading wRiting and aRithmetic. But are you familiar with the three R's of export compliance: the FTR, the EAR and the ITAR?