Webinar 2 Export Import Management

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During Export/Import Practice Management the following topics were covered.
Categories of International Documents; US Customs Import Document Requirements; Proforma and Commercial Invoices; Export Documents; AESDirect and Q&A.

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Webinar 2 Export Import Management

  1. 1. Export/Import DocumentsWebinar<br />TekleSebhatu Ph.D.<br />10/15/2010<br />
  2. 2. Export/Import Documents Agenda<br />Categories of International Documents<br />US Customs Import Document Requirements<br />Proforma and Commercial Invoices<br />Export Documents<br />AESDirect<br />Q&A<br />
  3. 3. Commercial<br />International Trade Documents<br /><ul><li>Commercial Invoice
  4. 4. Proforma Invoice
  5. 5. Sales Contract</li></ul>Banking<br />Transportation and<br />Insurance<br />Letter of Credit<br />Government<br /><ul><li>Bill of Lading
  6. 6. Airway Bill
  7. 7. Carrier Certificate
  8. 8. Insurance Certificate
  9. 9. Entry/Entry Summary
  10. 10. Certificate of Origin
  11. 11. Certificate of Inspection</li></li></ul><li>Documents US Customs Need On Your Import Shipment<br />Commercial/ Customs Proforma Invoice<br />Entry (CF3461)/Entry Summary (CF 7501) <br />Evidence to make Entry<br />Packing list<br />Other agency requirements<br />
  12. 12. Invoice Must Show the Following Summary of Values In Clear Detail<br />Invoice Value (IV) -Total <br />Non Dutiable Charges (NDC)<br />Add to Make Market Value (AMMV)<br />Net Entered Value (NEV)<br />
  13. 13. Proforma Invoice<br />When Commercial invoice isn’t available upon entry of merchandise<br />Bond is given for production of needed invoice<br />120 days to produce commercial invoice<br />If invoice needed for statistical purposes within 50 days<br />Port director (Customs) may grant waver of Commercial Invoice- must file documents<br />
  14. 14. Invoicing-- Common Mistakes<br />Invoice description vague<br />Under invoicing<br />Omit royalty, commission, assist, etc charge against the goods<br />Foreign shipper does not show the discount invoices at the net price<br />Several distinct articles lumped as one<br />
  15. 15. Documents Seller Needs When Exporting<br />Commercial Invoice<br />Marine Bill Of Lading Or Airway Bill<br />Insurance Certificate<br />Packing List<br />
  16. 16. Export Documents<br />Shippers Export Declaration (SED-7525-V)<br />Schedule “B” Versus “HTS”<br />Proforma and Commercial invoice<br />Consular invoice<br />Certificates<br />Certificate of Origin<br />Inspection Certification<br />Phytosanitary Inspection Certificate<br />Certificate of Free Sale<br />Animal, Plant and Food Exports Certificate (USDA)<br />Bill of Lading or Airway Bill<br />Shippers Letters of Instruction (SLI)<br />Insurance certificate<br />
  17. 17. Export Documents Cont…<br />Packing list<br />Export license<br />Dual use Export Control and License – military, embargo<br />Defense Trade Export Control and license - munitions<br />Shippers Declaration for Dangerous Goods<br />Dock and warehouse receipt<br />Destination control statement<br />Country specific documentation<br />1-800-USA-Trade<br />
  18. 18.
  19. 19. Questions?<br />

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