Lisa Waller of BDG International gave a presentation on entering the global trade world. She discussed key government agencies involved in international trade, import and export compliance requirements, common trade documents, incoterms, terms of sale, transportation, liability and insurance considerations, and the roles of international freight forwarders and customs brokers. Waller has extensive experience and qualifications in global trade and emphasized the importance of understanding how global events and regulations can impact international shipments.
The document discusses regulations around exporting goods from the United States. It covers several key topics:
1. Most US exports do not require licenses, but some are restricted for national security, foreign policy, or supply reasons. Regulations are administered by agencies like Commerce and State Departments.
2. Exporting military or dual-use goods requires licenses. Violations of rules, like unauthorized exports to sanctioned countries, can result in penalties.
3. Trade sanctions are sometimes used as foreign policy tools, though their effectiveness is debated. New laws in recent years increased penalties for sanctions violations.
This document summarizes key aspects of international trade regulation and how it impacts supply chains. It covers areas such as export controls, trade remedies, intellectual property cases, and other provisions. It discusses the US agencies that regulate exports, export control regulations, what constitutes an export, reexport, deemed exports, and recent reforms. It also summarizes trade remedy cases on dumping, subsidies, and anti-circumvention efforts.
Discussion of how foreign distribution structure affects export compliance and provides risk management guidelines for managing foreign distribution export compliance issues
Between a Rock and a Hard Place: Navigating Conflicting U.S. and Canadian Tra...jboscariol
Presentation to International Law Association on navigating conflicting requirements under Canadian and US law when investing in or trading with Cuba - October 2009
1. Frozen-and-thawed sardine from Oman is being sold as 'fresh' fish in Kerala markets, potentially posing food safety issues. Sardines can be 3 weeks old by the time they arrive from Oman and are sold after being thawed.
2. A health inspector in Maradu was caught accepting a Rs. 5,000 bribe by vigilance officials to sanction a license for a food export company.
3. 32 students and 5 teachers from a school near Kochi refineries were hospitalized after experiencing vomiting, suffocation, and dizziness from a sulphur dioxide leak.
The Indian dairy industry is one of the largest and fastest growing in the world. It offers opportunities for international companies through technology transfers, joint ventures, or using India as a sourcing center. India's dairy production is expected to triple in the next 10 years due to expanding export potential to Europe and the West. India also has the lowest production costs per liter of milk in the world. The urban milk products market in India is projected to grow rapidly to Rs. 43,500 crores by 2005.
- US barite production decreased 41% to 383,000 metric tons in 2009 due to a downturn in gas exploration from falling natural gas prices. Imports of 1.43 million metric tons exceeded exports of 49,000 metric tons.
- The leading use of barite is as a weighting agent in drilling muds for oil and gas exploration. Consumption decreased 45% to 1.77 million metric tons in 2009 due to reduced energy demand and prices.
- The three largest barite producers - Baker Hughes, Halliburton, and M-I SWACO - operated mines and mills in Nevada and Gulf Coast grinding plants. Consumption is expected to increase as oil and gas drilling recovers from economic downt
The document provides an overview of the fertilizer industry in India. It discusses that India is the third largest producer and consumer of fertilizers globally. It notes the major fertilizers produced in India are urea, DAP, and ammonium phosphates. The document also summarizes India's fertilizer production, consumption trends, major companies, subsidies provided, and regulations governing the industry.
The document discusses regulations around exporting goods from the United States. It covers several key topics:
1. Most US exports do not require licenses, but some are restricted for national security, foreign policy, or supply reasons. Regulations are administered by agencies like Commerce and State Departments.
2. Exporting military or dual-use goods requires licenses. Violations of rules, like unauthorized exports to sanctioned countries, can result in penalties.
3. Trade sanctions are sometimes used as foreign policy tools, though their effectiveness is debated. New laws in recent years increased penalties for sanctions violations.
This document summarizes key aspects of international trade regulation and how it impacts supply chains. It covers areas such as export controls, trade remedies, intellectual property cases, and other provisions. It discusses the US agencies that regulate exports, export control regulations, what constitutes an export, reexport, deemed exports, and recent reforms. It also summarizes trade remedy cases on dumping, subsidies, and anti-circumvention efforts.
Discussion of how foreign distribution structure affects export compliance and provides risk management guidelines for managing foreign distribution export compliance issues
Between a Rock and a Hard Place: Navigating Conflicting U.S. and Canadian Tra...jboscariol
Presentation to International Law Association on navigating conflicting requirements under Canadian and US law when investing in or trading with Cuba - October 2009
1. Frozen-and-thawed sardine from Oman is being sold as 'fresh' fish in Kerala markets, potentially posing food safety issues. Sardines can be 3 weeks old by the time they arrive from Oman and are sold after being thawed.
2. A health inspector in Maradu was caught accepting a Rs. 5,000 bribe by vigilance officials to sanction a license for a food export company.
3. 32 students and 5 teachers from a school near Kochi refineries were hospitalized after experiencing vomiting, suffocation, and dizziness from a sulphur dioxide leak.
The Indian dairy industry is one of the largest and fastest growing in the world. It offers opportunities for international companies through technology transfers, joint ventures, or using India as a sourcing center. India's dairy production is expected to triple in the next 10 years due to expanding export potential to Europe and the West. India also has the lowest production costs per liter of milk in the world. The urban milk products market in India is projected to grow rapidly to Rs. 43,500 crores by 2005.
- US barite production decreased 41% to 383,000 metric tons in 2009 due to a downturn in gas exploration from falling natural gas prices. Imports of 1.43 million metric tons exceeded exports of 49,000 metric tons.
- The leading use of barite is as a weighting agent in drilling muds for oil and gas exploration. Consumption decreased 45% to 1.77 million metric tons in 2009 due to reduced energy demand and prices.
- The three largest barite producers - Baker Hughes, Halliburton, and M-I SWACO - operated mines and mills in Nevada and Gulf Coast grinding plants. Consumption is expected to increase as oil and gas drilling recovers from economic downt
The document provides an overview of the fertilizer industry in India. It discusses that India is the third largest producer and consumer of fertilizers globally. It notes the major fertilizers produced in India are urea, DAP, and ammonium phosphates. The document also summarizes India's fertilizer production, consumption trends, major companies, subsidies provided, and regulations governing the industry.
Haresh Group is a leading marketing and distribution group for petrochemicals and solvents in India with annual turnover of $125 million. It has long-term relationships and expertise in marketing, negotiations, and providing value to suppliers and customers. The group includes companies specializing in import/distribution of solvents in India, global distribution of chemicals, logistical services, and tank storage of liquids.
This document provides information about trademark registration requirements and procedures in various Middle Eastern countries and worldwide. It begins with introductions and frequently asked questions about trademarks. It then discusses the 9th edition of the International Classification of Goods and Services which organizes trademarks into categories. The majority of the document discusses the specific registration requirements and procedures for trademarks in Gulf Cooperation Council countries like UAE, Bahrain, Kuwait, etc. and other Middle Eastern countries like Algeria, Egypt, Iran, etc. It also provides some sample trademark documentation formats and discusses international registration options through systems like the Madrid System. In the end it lists worldwide registration options and countries that the organization provides trademark services for.
The document provides an overview of imports and exports procedures in the UAE. It discusses the UAE's historic trading culture dating back centuries, when Arab merchants conducted trade along the Silk Road. It outlines the country's strategic geographic location and world-class infrastructure that have established it as a global logistics hub. The document also details the typical processes for importing and exporting goods by sea and land, including required documentation, customs clearance, and transportation and delivery of goods.
This document outlines an Austrian trade mission to the UAE, Oman, and Qatar from February 28 to March 5, 2004. It provides details on the schedule, locations visited, and participating Austrian companies. Twenty companies are listed along with brief descriptions of their products and services, which include armored vehicles, engineering services, kitchens, lighting, industrial chains, and more. Contact information is provided for each company and the organizers
The document provides an overview of the fertilizer industry in India. It discusses that India is the 3rd largest producer and consumer of fertilizers globally. It outlines the history and development of the fertilizer industry in India. It also summarizes the current production, consumption, import trends and major players in the Indian fertilizer industry. Additionally, it discusses the key policies around subsidies and regulations governing the fertilizer industry in India.
The document is the 2015 National Trade Estimate Report on Foreign Trade Barriers published by the Office of the United States Trade Representative. It contains a list of frequently used acronyms and abbreviations related to international trade such as the WTO, NAFTA, EU, GATT, and other trade agreements, organizations, and concepts.
The document analyzes imports of organic chemicals in India during April 2013. It provides details on the value of imports by mode of transport, ports, Indian states, sectors and countries. The largest shares were through sea ports (78 billion rupees), in the states of Maharashtra (49%) and Gujarat (22%), and from China (26.11% market share). Top imports by 4-digit HS code were worth 90 billion rupees total during the month.
Trade between Asia and the Middle East has grown significantly in recent years, with India emerging as the largest trading partner. The United Arab Emirates has become India's largest export destination and trading partner, surpassing the US and China. Major exports from India to the Middle East include agricultural products, electronics, and skilled labor. Cochin Sea in Kerala exports products like coconut, cashews, seafood and software, with major trading partners being the US, UAE and UK.
This document provides guidelines for coal handling units regarding location, storage and handling, transportation, pollution prevention, safety, and legal criteria. Key requirements include locating coal handling units at least 500 meters from residential areas and restricting heights of coal heaps to 5 meters. Mechanized loading and unloading systems must be used. Trucks transporting coal must be covered and weigh scales must prevent overloading. Air and water pollution control measures like dust suppression systems, wind breaks, and tree planting are mandated. Safety measures like fire prevention and an emergency plan are also required.
Afgen is a South African company that supplies surveying equipment such as lasers, total stations, GPS solutions, and software. It is looking to expand its export business. The document provides contact information for Afgen.
The document discusses the poultry sector in India. It notes that egg production in India is growing but still falls short of demand projections. There are also regional imbalances in production. It recommends increasing vertical integration to reduce costs, developing infrastructure for marketing, and exploring opportunities to export value-added egg products and meet standards in international markets. Quality, safety, and meeting import standards are keys to boosting domestic and export sales.
The document summarizes information about green chilies production globally and in India. It provides the following key points:
- Asia accounts for 65.8% of global green chili production, with China being the top producer. India is among the top producers.
- In India, Andhra Pradesh is the leading producer of green chilies, accounting for over 55% of the country's production. Other major producing states include Karnataka, Orissa, West Bengal, and Maharashtra.
- Several improved varieties of green chilies have been developed for the Indian market, including varieties from seed companies like Syngenta and Namdhari Seeds.
This section describes how e-waste flows are measured in a harmonized framework. E-waste generated is calculated based on sales data, import/export data, product lifespan, and discarding probabilities. The methodology allows for international comparison by linking country data to standardized product categories and statistical corrections. Key outputs include the amount of e-waste generated per country, year, and product type. This framework provides an unprecedented level of accuracy and harmonization in measuring global e-waste quantities.
The document discusses dates and the date market. It provides background on date production globally and historically. Dates are an important crop in dry, hot regions and have cultural and religious significance. The document then analyzes global date demand, supply, and important varieties. It focuses on demand in Europe, Latin America, and for livestock. The largest date producing countries globally are identified and Tunisia is highlighted as the world's leading producer of deglet nour dates.
The document provides information on various Middle Eastern countries. It lists the countries and their key statistics and facts such as GDP, exports, crude oil and natural gas production. It discusses the economies of Saudi Arabia, Kuwait, Qatar, UAE, Iran, Iraq, and their reliance on oil and gas. It also mentions recent events like the Syrian civil war and impact of sanctions on Iran. Famous cities and tourist sites in the region like Dubai, Abu Dhabi, Cairo are highlighted. Cooperation groups in the Gulf like the GCC are also noted.
The document provides information about export compliance for LR International, including establishing an export compliance system, understanding export regulations, controlling commodities, approving customers, using licensed service providers, and understanding legal requirements like the Shipper's Export Declaration and Automated Export System for documenting exports. It emphasizes the importance of knowing regulations, customers, destinations, and keeping good records.
Company X is considering expanding globally but lacks international expertise. The World Trade Society of Chattanooga advisory board meeting provided information on key considerations for going global including culture, legal, accounting, logistics, and finding expertise. Topics discussed included cultural education, legal structures and protocols between countries, tax implications, evaluating freight forwarders, export documentation, and product classification for customs. The meeting aimed to help identify resources to guide Company X's global expansion process.
The document provides tips for new importers and exporters on requirements for importing and exporting goods. It recommends familiarizing yourself with U.S. Customs and Border Protection (CBP) policies and contacting other agencies about specific commodity requirements. CBP does not require an import license, but other agencies may. Importers can contact CBP import specialists at ports of entry for classification advice. Importers may also hire a licensed customs broker to assist with entry procedures. For ocean vessel shipments, importers must submit an Importer Security Filing with advance cargo information to CBP.
There is huge demand for importing goods into the US. In 2013, $2.273 trillion worth of goods were imported.
Key imports included agricultural products, industrial supplies, capital goods (computers, telecommunications equipment, motor vehicle parts, office machines, electric power machinery) and consumer goods (automobiles, clothing, medicines, furniture, toys).
However, every year thousands of importers unnecessarily delay their entries into the US. This is because they make mistakes and are not compliant to US Customs Border
Here we help you to avoid those mistakes.
The document provides information about export requirements for shipping goods from the US to Chile under the US-Chile Free Trade Agreement, including determining tariff codes, rules of origin, and certificates of origin. It discusses how to find the appropriate Harmonized Tariff Schedule code for a product, how to determine if a product qualifies for preferential tariffs under the free trade agreement's rules of origin, and how to complete the necessary certificate of origin form. It also outlines the tariff elimination schedule and provides additional export documentation requirements and resources.
INCOTERMS And CISG, (CONTRACT FOR THE INTERNATIONAL SALE OF GOODS)
LAW8118-INTERNATIONAL BUSINESS LAW
Examines the impact of the law on the enterprises that conduct international business and on particular transactions entered into by such enterprises. The law concerning the formation and some other aspects of international sales contracts especially pursuant to the CISG as well as the law relating to the international transport of goods by sea and international payments (documentary credits) will be examined. The course will also explore selected legal aspects of one particular regional grouping (namely the European Union). In addition, a study will be made of the law concerning some of the methods by which private international legal disputes are resolved with the focus being on international commercial arbitration.
Haresh Group is a leading marketing and distribution group for petrochemicals and solvents in India with annual turnover of $125 million. It has long-term relationships and expertise in marketing, negotiations, and providing value to suppliers and customers. The group includes companies specializing in import/distribution of solvents in India, global distribution of chemicals, logistical services, and tank storage of liquids.
This document provides information about trademark registration requirements and procedures in various Middle Eastern countries and worldwide. It begins with introductions and frequently asked questions about trademarks. It then discusses the 9th edition of the International Classification of Goods and Services which organizes trademarks into categories. The majority of the document discusses the specific registration requirements and procedures for trademarks in Gulf Cooperation Council countries like UAE, Bahrain, Kuwait, etc. and other Middle Eastern countries like Algeria, Egypt, Iran, etc. It also provides some sample trademark documentation formats and discusses international registration options through systems like the Madrid System. In the end it lists worldwide registration options and countries that the organization provides trademark services for.
The document provides an overview of imports and exports procedures in the UAE. It discusses the UAE's historic trading culture dating back centuries, when Arab merchants conducted trade along the Silk Road. It outlines the country's strategic geographic location and world-class infrastructure that have established it as a global logistics hub. The document also details the typical processes for importing and exporting goods by sea and land, including required documentation, customs clearance, and transportation and delivery of goods.
This document outlines an Austrian trade mission to the UAE, Oman, and Qatar from February 28 to March 5, 2004. It provides details on the schedule, locations visited, and participating Austrian companies. Twenty companies are listed along with brief descriptions of their products and services, which include armored vehicles, engineering services, kitchens, lighting, industrial chains, and more. Contact information is provided for each company and the organizers
The document provides an overview of the fertilizer industry in India. It discusses that India is the 3rd largest producer and consumer of fertilizers globally. It outlines the history and development of the fertilizer industry in India. It also summarizes the current production, consumption, import trends and major players in the Indian fertilizer industry. Additionally, it discusses the key policies around subsidies and regulations governing the fertilizer industry in India.
The document is the 2015 National Trade Estimate Report on Foreign Trade Barriers published by the Office of the United States Trade Representative. It contains a list of frequently used acronyms and abbreviations related to international trade such as the WTO, NAFTA, EU, GATT, and other trade agreements, organizations, and concepts.
The document analyzes imports of organic chemicals in India during April 2013. It provides details on the value of imports by mode of transport, ports, Indian states, sectors and countries. The largest shares were through sea ports (78 billion rupees), in the states of Maharashtra (49%) and Gujarat (22%), and from China (26.11% market share). Top imports by 4-digit HS code were worth 90 billion rupees total during the month.
Trade between Asia and the Middle East has grown significantly in recent years, with India emerging as the largest trading partner. The United Arab Emirates has become India's largest export destination and trading partner, surpassing the US and China. Major exports from India to the Middle East include agricultural products, electronics, and skilled labor. Cochin Sea in Kerala exports products like coconut, cashews, seafood and software, with major trading partners being the US, UAE and UK.
This document provides guidelines for coal handling units regarding location, storage and handling, transportation, pollution prevention, safety, and legal criteria. Key requirements include locating coal handling units at least 500 meters from residential areas and restricting heights of coal heaps to 5 meters. Mechanized loading and unloading systems must be used. Trucks transporting coal must be covered and weigh scales must prevent overloading. Air and water pollution control measures like dust suppression systems, wind breaks, and tree planting are mandated. Safety measures like fire prevention and an emergency plan are also required.
Afgen is a South African company that supplies surveying equipment such as lasers, total stations, GPS solutions, and software. It is looking to expand its export business. The document provides contact information for Afgen.
The document discusses the poultry sector in India. It notes that egg production in India is growing but still falls short of demand projections. There are also regional imbalances in production. It recommends increasing vertical integration to reduce costs, developing infrastructure for marketing, and exploring opportunities to export value-added egg products and meet standards in international markets. Quality, safety, and meeting import standards are keys to boosting domestic and export sales.
The document summarizes information about green chilies production globally and in India. It provides the following key points:
- Asia accounts for 65.8% of global green chili production, with China being the top producer. India is among the top producers.
- In India, Andhra Pradesh is the leading producer of green chilies, accounting for over 55% of the country's production. Other major producing states include Karnataka, Orissa, West Bengal, and Maharashtra.
- Several improved varieties of green chilies have been developed for the Indian market, including varieties from seed companies like Syngenta and Namdhari Seeds.
This section describes how e-waste flows are measured in a harmonized framework. E-waste generated is calculated based on sales data, import/export data, product lifespan, and discarding probabilities. The methodology allows for international comparison by linking country data to standardized product categories and statistical corrections. Key outputs include the amount of e-waste generated per country, year, and product type. This framework provides an unprecedented level of accuracy and harmonization in measuring global e-waste quantities.
The document discusses dates and the date market. It provides background on date production globally and historically. Dates are an important crop in dry, hot regions and have cultural and religious significance. The document then analyzes global date demand, supply, and important varieties. It focuses on demand in Europe, Latin America, and for livestock. The largest date producing countries globally are identified and Tunisia is highlighted as the world's leading producer of deglet nour dates.
The document provides information on various Middle Eastern countries. It lists the countries and their key statistics and facts such as GDP, exports, crude oil and natural gas production. It discusses the economies of Saudi Arabia, Kuwait, Qatar, UAE, Iran, Iraq, and their reliance on oil and gas. It also mentions recent events like the Syrian civil war and impact of sanctions on Iran. Famous cities and tourist sites in the region like Dubai, Abu Dhabi, Cairo are highlighted. Cooperation groups in the Gulf like the GCC are also noted.
The document provides information about export compliance for LR International, including establishing an export compliance system, understanding export regulations, controlling commodities, approving customers, using licensed service providers, and understanding legal requirements like the Shipper's Export Declaration and Automated Export System for documenting exports. It emphasizes the importance of knowing regulations, customers, destinations, and keeping good records.
Company X is considering expanding globally but lacks international expertise. The World Trade Society of Chattanooga advisory board meeting provided information on key considerations for going global including culture, legal, accounting, logistics, and finding expertise. Topics discussed included cultural education, legal structures and protocols between countries, tax implications, evaluating freight forwarders, export documentation, and product classification for customs. The meeting aimed to help identify resources to guide Company X's global expansion process.
The document provides tips for new importers and exporters on requirements for importing and exporting goods. It recommends familiarizing yourself with U.S. Customs and Border Protection (CBP) policies and contacting other agencies about specific commodity requirements. CBP does not require an import license, but other agencies may. Importers can contact CBP import specialists at ports of entry for classification advice. Importers may also hire a licensed customs broker to assist with entry procedures. For ocean vessel shipments, importers must submit an Importer Security Filing with advance cargo information to CBP.
There is huge demand for importing goods into the US. In 2013, $2.273 trillion worth of goods were imported.
Key imports included agricultural products, industrial supplies, capital goods (computers, telecommunications equipment, motor vehicle parts, office machines, electric power machinery) and consumer goods (automobiles, clothing, medicines, furniture, toys).
However, every year thousands of importers unnecessarily delay their entries into the US. This is because they make mistakes and are not compliant to US Customs Border
Here we help you to avoid those mistakes.
The document provides information about export requirements for shipping goods from the US to Chile under the US-Chile Free Trade Agreement, including determining tariff codes, rules of origin, and certificates of origin. It discusses how to find the appropriate Harmonized Tariff Schedule code for a product, how to determine if a product qualifies for preferential tariffs under the free trade agreement's rules of origin, and how to complete the necessary certificate of origin form. It also outlines the tariff elimination schedule and provides additional export documentation requirements and resources.
INCOTERMS And CISG, (CONTRACT FOR THE INTERNATIONAL SALE OF GOODS)
LAW8118-INTERNATIONAL BUSINESS LAW
Examines the impact of the law on the enterprises that conduct international business and on particular transactions entered into by such enterprises. The law concerning the formation and some other aspects of international sales contracts especially pursuant to the CISG as well as the law relating to the international transport of goods by sea and international payments (documentary credits) will be examined. The course will also explore selected legal aspects of one particular regional grouping (namely the European Union). In addition, a study will be made of the law concerning some of the methods by which private international legal disputes are resolved with the focus being on international commercial arbitration.
I N T E R N A T I O N A L T R A D E P R E S E N T A T I O N B Y H A R R Yharpritpal
This document summarizes key concepts in international trade, including important terms, reasons for trade, trade documents and processes, protectionism, free trade areas, and Canada's position in world trade. It defines terms like balance of trade, factors of production, and protectionist measures. It explains why countries benefit from absolute cost advantages through specialization and trade. It also outlines major export documents, the effects of tariffs, and examples of free trade organizations that Canada participates in, such as NAFTA.
glosario de Palabras de comercio en ingles jair2424
1. The document defines key terms related to international trade such as letters of credit, containers, invoices, freight, terminals, comparative and absolute advantage, surplus, deficit, the World Trade Organization, Incoterms, market research, balance of trade, customs barriers, vessels, external trade, customs clearance for export, the Harmonized System, monetary systems, customs unions, insured value, and maturity of bills of exchange.
2. Letters of credit are payment instruments that arise from international sales contracts and are governed by the Uniform Customs and Practice for Documentary Credits.
3. Containers are cargo vessels for transporting goods by water, land, and multimodal transport that are manufactured to ISO standards.
This document summarizes a presentation about export compliance requirements for US companies. It provides an overview of the key regulatory agencies, including the State Department's Directorate of Defense Trade Controls (DDTC) and the Commerce Department's Bureau of Industry and Security (BIS). It also outlines the various licenses, classifications and lists that determine what items require export authorization and highlights the services available from the US Commercial Service to help companies navigate compliance.
The document discusses key considerations for international commercial agreements when counterparties are located in different countries. It notes that while 90% of terms may be the same as domestic agreements, additional terms are needed to address differences in legal systems, payment concerns, and cross-border logistics. Key issues that must be resolved include contract language, governing law, payment terms, transportation, and enforcement. The document provides guidance on topics like currency risk, taxes, warranties, force majeure, and compliance with export laws and regulations.
Pedraza Customhouse Brokers, Inc. offers customs brokerage and international trade services with over 20 years of experience. They provide a wide range of import/export services for items like auto parts, electronics, food, and furniture. Partnering with Pedraza provides benefits like expertise in areas like NAFTA refunds, customs compliance consulting, and streamlining trade operations. The document then defines key terms related to the import process and requirements, such as the importer of record, customs broker, entry types, Harmonized Tariff Schedule codes, and Importer Security Filing rules.
1. Exports contribute significantly to increasing a country's revenue and manufacturer/trader profits, which creates jobs. However, exporting involves risks that are eased by ECGC insurance policies.
2. ECGC offers various export credit insurance policies covering commercial and political risks depending on the type of exports and destination country.
3. Exporters must register for an IEC, RCMC, and with ECGC. They must ensure their products are export-worthy and meet quality standards before pursuing overseas sales.
International business notes Chapter 12Sumit Palwe
This document discusses the complexity of global marketing logistics and export documentation. It covers terms of access such as tariffs, duties, and non-tariff barriers. It also describes the various types of export documentation required, including commercial documents like invoices and certificates of origin, as well as transport, financial, and insurance documents. Ensuring all documentation is properly completed and legal is important, as missing or incorrect documents can void an international transaction.
Kegler Brown global business attorneys Luis Alcalde and David Wilson presented " Exporting from the United States: Key Legal Considerations" at the 2014 Ohio Export Internship Program.
They discussed international trade in a legal context, international trading or transfers, due diligence, FCPA and why compliance is important.
ustoms clearance is a necessary procedure before goods can be imported or exported internationally. If a shipment is cleared, then the shipper will provide documentation confirming customs duties that are paid and the shipment can be processed.
How to import into the us 2014 with value PedrazaCHB
Pedraza Customhouse Brokers, Inc. offers customs brokerage and international trade services with over 20 years of experience. They provide services related to imports, exports, customs compliance, NAFTA refunds, and more. As a C-TPAT validated partner, they can help clients with customs trade programs and compliance. The document then provides definitions and explanations of key terms related to importing, such as importer of record, customs broker, power of attorney, bonds, Harmonized Tariff Schedule classification, and duties. It also outlines the basic requirements and process for importing goods into the United States.
Export and Import PracticesChapter 14Chapter Objecti.docxssuser454af01
Export and Import Practices
Chapter 14
Chapter Objectives
Explain why firms export and challenges to exporting
Identify the sources of export counseling and support
Discuss the meaning of the various terms of sale
Identify some sources of export financing
Describe the activities of a foreign freight forwarder
Understand the kinds of export documents required
Identify import sources
Describe the activities of a customhouse broker
Who Exports?
Many people believe large multinationals do not export because they supply their foreign markets from local production
However, some of the largest U.S international firms were also the nation’s largest exporters.
Who Exports? (continued)
The U.S. Bureau of Census reported that manufacturers accounted for the largest proportion of exports (69+%).
The survey showed that the top 50 manufacturers accounted for a minimum of 45% of the known export value while;
200,000+ small and medium-size firms were responsible for 31% of the known export value.
Why Export?
Reasons to export
To serve markets where
the firm has no production facilities.
the local plant does not produce the firm’s complete product mix.
To satisfy a host government’s requirement that the local subsidiary export.
IOW: By rule, the organization must export.
To remain competitive in the home market.
Why Export?
Reasons to export (cont’d)
To test foreign markets and foreign competition inexpensively.
To meet actual or prospective customers’ requests for the firm to export. (AKA: Accidental Exporting)
To offset cyclical sales of the domestic market.
To achieve additional sales.
(Using production capacity to reduce fixed cost per unit.)
To extend a product’s life cycle.
Why Export?
Reasons to export (cont’d)
To distract foreign competitors that are in the firm’s home market by entering their home markets.
To partake in the kind of success the firm’s management has seen others achieve by exporting.
To improve equipment utilization rates.
(Using production capacity to reduce fixed cost per unit.)
Why Don’t They Export
Two major reasons U.S. firms give for not exporting
Preoccupation with the vast American market.
Or their respective home market.
A reluctance to become involved in a new and unknown operation.
Why Don’t They Export
General Problem Areas that Deter Firm from Exporting
Locating foreign markets.
Payment and financing procedures.
Export procedures.
Sources of Export Counseling
Trade Information Center (TIC)
The federal government has set this up as a first stop for information:
about all federal export assistance programs as well as country and regional market information.
Trade Information Center Web Site
http://www.export.gov/exportbasics/ticredirect.asp
Among the items at the TIC index page are
links to government export programs, trade promotion events, and trade lead information.
Sources of Export Counseling
International Trade Administration (ITA)
Good Source for Continuing Assistance from Uni ...
Fundamentals_Free_Trade_Agreements_Kathryn_TerryKathryn Terry
This document provides an overview of the differences between trade preference programs (TPPs) and free trade agreements (FTAs), including their purposes and requirements. TPPs such as the Generalized System of Preferences promote economic growth in developing countries by providing duty-free imports to the US. FTAs aim to grow the US economy by opening foreign markets and reducing trade barriers. The document reviews FTAs and TPPs currently in effect, qualification requirements for imports, documentation needs, and resources for more information.
MARKETING AND SALES IN INTERNATIONAL BUSNIESSVidushi Murarka
The document provides information on international sales and marketing, including:
1) It defines international business and discusses reasons for selling in international markets such as seeking growth opportunities or having excess production capacity.
2) It outlines various entry strategies, distribution channels, and considerations for international salespeople.
3) It discusses pricing terms, packaging, market research, sales proposals, and payment methods used in international trade.
This ppt is about import and its benefits, custom and its objective, payment method, incoterms, risk involved in import, port operation, bill of lading etc.
The document provides information about Italy and the Italian Trade Commission office in Chicago. Some key points:
- Italy has a population of 60.6 million and is among the top exporters globally and of capital goods to the US.
- The Italian Trade Commission promotes Italian trade internationally and has an office in Chicago covering the Midwest region of the US.
- The Chicago office provides information on Italian companies and trade flows between Italy and Illinois, which has seen increasing exports from Italy in recent years.
- It also lists upcoming trade events and investment opportunities to connect Italian and American businesses.
The document provides information on Turkey's economy and advantages for trade and investment. Some key points:
- Turkey has the 16th largest economy in the world and 6th largest in Europe. It has a large youth population and is a major steel producer.
- Turkish Airlines is one of the fastest growing and best airlines in Europe, carrying over 29 million passengers in 2010. Turkish airports see over 100 million passengers annually.
- The document lists Turkey as a major reason to invest, citing its strategic location and market size and growth potential.
This document discusses a multi-bank solution called U.S. Bank SinglePoint that can help companies manage their global operations and banking needs more efficiently. It offers services like access to multiple foreign bank accounts through a single platform, liquidity management across accounts, foreign exchange risk management tools, and international payments and information reporting capabilities. The solution aims to help companies address the challenges of operating globally with limited resources by providing an easier way to maintain foreign bank accounts and oversee international banking activities in one place.
The document discusses research capabilities for businesses through the U.S. Census Bureau and Euromonitor International. Reports can provide country-level data on imports, exports, sales, and companies sorted by industry. The Center for Corporate Training and Small Business Development Center outlines steps for conducting customized research, including determining fastest growing countries and industries, focusing research, and analyzing individual company data.
The document summarizes why companies should consider Lithuania for business. It highlights Lithuania's strategic location providing access to large markets in the EU, CIS and Baltic regions. It also outlines Lithuania's talented multilingual workforce, strong ICT infrastructure, modern logistics network, competitive costs and business friendly climate. The document promotes several of Lithuania's leading industries and provides contact information for the Lithuanian Trade Office which can offer information, assistance and market analysis to companies interested in the country.
This document provides an overview of opportunities in Japan for foreign businesses. It notes that Japan has the world's second largest economy and is an ideal test market for new products due to sophisticated consumers. While Japan faces challenges like an aging population and strong currency, the government is working to attract entrepreneurs and there are opportunities in sectors like healthcare, environment, and tourism. The document outlines JETRO's services to help foreign companies establish operations in Japan, including assistance with market research, office space, and business matching programs.
The document provides an overview of Israel's economy and trade promotion efforts. It highlights Israel's competitive advantages in areas like innovation and technology. Statistics are given showing Israel's strong GDP growth and exports, especially in technology sectors. Israel has free trade agreements in place with countries around the world. The government provides economic incentives for research and development through organizations like the Office of the Chief Scientist. Multinational companies have established large research and development centers in Israel to take advantage of the business environment and workforce.
This document summarizes opportunities and advantages for businesses engaging with China through Hong Kong. It discusses China's strong economic growth and expanding consumer market. It then outlines Hong Kong's advantages as a technology marketplace and partner for China due to its location, sophisticated economy, talented workforce, and the CEPA agreement. The document concludes by introducing the Hong Kong Trade Development Council and its services providing market information, matching businesses, connecting buyers and sellers through trade fairs, and
The document provides an overview of BMO Capital Markets' Trade Finance and China Sales Team. It summarizes that the team serves corporate and commercial clients in North America and China, offering a range of trade finance products and expertise in global trade. Key services highlighted include letters of credit, collections, supply chain finance, structured trade finance, and the Ex-Im Bank Working Capital Guarantee Program which provides lenders a 90% guarantee on export-related working capital loans. Contact information is provided for inquiries.
This document discusses the City of McHenry's efforts around business attraction and retention. It provides background on McHenry, noting its location near major cities, government structure, population, industrial parks, major employers including hospitals and manufacturers. It describes the role of the municipality as a facilitator between businesses and resources, and the importance of workforce, infrastructure, and data. Finally, it outlines how economic development works with state and county groups to support business needs through incentives, grants, training, and lobbying for improvements.
Huntley, Illinois provides the geographical and supply chain benefits of proximity to metropolitan Chicago at a lower cost than other areas in the region. It has lower property taxes, sales taxes, and water rates compared to nearby cities like Elgin, Schaumburg, and Rolling Meadows. Huntley also offers a well-educated workforce through its highly ranked school district, competitive wages, low state taxes, and access to two major airports and rail infrastructure. The village works to attract and retain businesses through investments in infrastructure, available land, permitting assistance, and existing industry support.
The document discusses how to assess readiness for exporting and outlines the key components of an export plan. It recommends companies take an online assessment test, conduct a SWOT analysis, and ensure they have necessary conditions like management support, production capacity, and cash flow. The export plan components include evaluating the company's strengths, selecting foreign markets using qualitative data, choosing an entry mode, developing plans for sales, finance, logistics, and setting reasonable goals. The plan should assign responsibilities and have a timeline. Conducting thorough research and starting small are advised for export success.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
2. Presenter: LISA VICTORIA WALLER, CHB
VICE PRESIDENT
BDG International, Inc.
840 Tollgate Road
Elgin, IL 60123
Tel: 847-760-0014
lisaw@bdginternational.com
3. Credentials:
Bachelors of Science- Illinois State University
(International Business, emphasis of Eastern Studies)
Licensed Customs Broker
Certified Customs Specialist
Certified Export Specialist
IATA (International Air Transportation Association) Certified
DG (Dangerous Goods) Certified
Committee co-chair for Export Compliance of the CBFFAC
Active Member of the NCBFFA
4. Current Events / Going Global
Importance of understanding how the world
around us effects each and every shipment
coming in and out of the USA.
5. Overview
Overview:
The role of Government agencies
Duty Preferences
Cargo Security
Export issues
Sample documents
6. Government Agencies
U.S. Senate / Congress
Department of Homeland Security (DHS)
U.S. Customs Border Protection (CBP)
United States Department of Agriculture (USDA)
Animal Plant Health Inspection Service (APHIS)
Department of Health and Human Services
Food And Drug Administration (FDA)
Department of Commerce (DOC)
Environmental Protection Agency (EPA)
Department of Interior (DOI)
U.S. Treasury,
Office of Foreign Assets Control (OFAC)
Department of State (State)
Department of Defense (DOD)
7. Connection between
U.S. Government
and
Foreign Governments?
For every U.S. Government Department, Office or governing body
There is an equal governing body in each country that we import from
or export to.
Thus to understand your own country first will allow you to know what
to look for in other countries.
Commodity Specific – you will know quickly which governing bodies
will effect your commodity and industry.
9. World Trade Organization
The World Trade Organization (WTO) is the only global international organization
dealing with the rules of trade between nations. At its heart are the WTO
agreements, negotiated and signed by the bulk of the world’s trading nations and
ratified in their parliaments. The goal is to help producers of goods and services,
exporters, and importers conduct their business.
The WTO and main Parliments of each country come together to decide on countries
with special needs, and economies that need to be promoted.
The U.S. Congress / Senate approve Trade Agreements, Trade Acts, Global
Trade Decisions, and requests for specific Industry or Commodity duty preferences.
The WTO is in charge of the Harmonize Tariff
System. Each country belonging to the program
will share the first 6 digits of the HTS system.
10. DUTY PREFERENCES
The Office of U.S. Trade Agreements
The U.S. trade strategy is to pursue multiple market-opening initiatives
on a global, regional and bilateral basis, establishing models of
success that can be used throughout all negotiations.
What prevents a free trade agreement (FTR) from being passed:
- local Lobbyist afraid that duty preferences will hurt the USA
economy
- Labor laws in the foreign country
11. FTA
Singapore FTA (SG)
Australia FTA (AU)
Oman FTA (OM)
Morocco FTA (MA)
Bahrain FTA (BH)
Israel FTA (IL)
Central America FTA various
North American FTA (MX or CA)
Jordon FTA (JO)
Chile FTA (CL)
Peru Trade Promotion Agreement (PE)
Colombia FTA
Panama FTA
Korea FTA
13. Classification
The duty will be based on a product as per the General Rules of Interpretation
from the U.S. Regulations & Harmonize Tariff System
http://www.usitc.gov/tata/hts/index.htm
Sections, Chapters, Headings, Subheadings
Chapters: 1-99
Living or Raw = beginning of the tariff
Manufactured = at the end of each section and tariff
EXPORT CODE IS CALLED: SCHEDULE B NUMBER
http://www.census.gov/foreign-trade/schedules/b/index.html
14. Classification
CUPS, PLASTIC
3924.10.2000
PLASTIC,PLATES, CUPS, SAUCERS......
6.5%
3924.10.2000
39 = Chapter 39 covers plastics
(there are 1-99 chapters)
24 = Tableware / Kitchenware or other house
hold articles made of plastic
.10 = Tableware or Kitchen ware
20 = Plates, cups saucers, soup bowls
etc.
16. Export Compliance
How is the data gathered?
CBP regulates the data and reports to Census. Census
organizes and analyzes the data and gives it to Commerce.
- EEI – Electronic Export Information
- AES – Automated Export System
2009 versus years before?
- Informed compliance vs. Enforced Compliance
17. Export Enforcement Act of 2007
http://www.bis.doc.gov/enforcement/eaarenewalbillfactsheet.pdf
Criminal Max: Corporate Greater of $5
millions or ten times value of the exports
involved.
Individual Max: Greater of $1 million(s)
and 10 years of imprisonment
18. Export Compliance
What is the commodity?
Commerce Control List
Can it be used for some other purpose?
Dual usage
Who are you selling it to?
Embargoed countries (Cuba – for example)
Denied parties
Where are you shipping it?
Do you know the end user?
Will it be sold to another party?
Do you have knowledge?
Is your loading process secure?
Illegal activity within your company?
20. 1. SCREEN FOR DENIED
PARTIES
Background check on all parties
involved in the transaction.
http://www.bis.doc.gov/complianceand
enforcement/liststocheck.htm
21. 2. KNOW YOUR ECCN
NUMBER
(EXPORT CONTROL CLASSIFICATION
NUMBER)
Checks for controlled products versus
countries and parties
http://www.bis.doc.gov/licensing/do_i_needa
neccn.html
22. 3. DESTINATION CONTROL
STATEMENT
15 CFR 758.6
The Destination Control Statement (DCS) must be entered on
the invoice and on the bill of lading, air waybill, or other
export control document that accompanies the shipment
from its point of origin in the United States to the ultimate
consignee or end-user abroad. The person responsible for
preparation of those documents is responsible for entry of
the DCS. The DCS is required for all exports from the
United States of items on the Commerce Control List that
are not classified as EAR99, unless the export may be
made under License Exception BAG or GFT (see part 740
of the EAR). At a minimum, the DCS must state
23. DCS
“These commodities, technology or
software were exported from the
United States in accordance with the
Export Administration Regulations.
Diversion contrary to U.S. law is
prohibited.”
(licensable goods may have an
alternative statement)
25. Terms of Sale
When will you be paid for your goods?
How will you be paid?
What method of payment will be used?
26. Terms of Sale
Open Account
– 30 days, 60 days, etc.
Sight Draft
– Funds transferred upon sight of documents at the
applicant bank.
Time Draft
– Funds transferred upon # days after sight of
documents at the applicant bank
27. Terms of Sale
Letter of Credit
Contractual agreement between Shipper
(Beneficiary), Consignee (Applicant), Beneficiary
Bank and Applicant Bank
– Confirmed - Guaranteed to be paid by the
advising bank
– Advised- Guaranteed to be paid the
opening bank.
29. What are INCOTERMS?
International Commercial Terms
ICC (International Chamber of Commerce)
1936
To simplify creation of international
agreements, contracts.
To develop a standardized way to speak
global and define the words used equally
across all cultures and languages
30. Incoterms assist:
Understanding who is responsible to
pay for transportation to a certain point.
Define who is responsible for payment
of documentation, packing and other
charges.
31. Incoterms
Who will pay for the transportation?
Global rules for a global sale !!
EXW EX WORKS (named place)*
FCA FREE CARRIER (named place)
FAS FREE ALONGSIDE SHIP (named port of shipment)*
FOB FREE ON BOARD (named port of shipment)
CFR COST AND FREIGHT (named port of destination)
CIF COST, INSURANCE AND FREIGHT (named port of destination)*
CPT CARRIAGE PAID TO (named place of destination)
CIP CARRIAGE AND INSURANCE PAID TO (named place of destination)*
DAT DELIVERED at TERMINAL (named place of destination)
DAP DELIVERED at PLACE (named place of destination)*
DDP DELIVERED DUTY PAID (named place of destination)*
32. Incoterms
Who will pay for the transportation?
Global rules for a global sale !!
EXW = E term (collect)/ least control for shipper
FCA, FAS, FOB = F term (collect)/ less control for shipper
CFR, CPT, CIP, CIF = C term (prepaid)/ more control for the shipper
DAT, DAP, DDP = D term (prepaid) / most control for the shipper
CIP and CIF = are the only terms that discuss insurance
All other terms would require insurance to be
discussed separately.
Having less control does not automatically mean you have less liability.
33. Incoterms are not:
They are not law
They are not recognized by
government entities
They do not take the place of having a
proper purchase agreement, sales
agreement or order.
37. Purchase Agreement
The Purchase Agreement documents the standard terms and
conditions where you, the buyer, are contracting w /a seller in
the course of a business to business transaction, and includes
the following basic items
payment and price warranty
origin and destination sub-contracting
samples title and risk
packaging inspection
testing indemnity
confidentiality termination
terms of shipping government regs
Liablity and title Incoterms
39. Proforma Invoices
Proforma Invoice (purpose)
FINAL DOCUMENT prior to actual documents
Used to source funds
Used to buy foreign currency in controlled markets
Opening Banks use this document to open L/C's.
This document can not be used for customs clearance.
40. Proforma v. Commercial Invoices
Commercial Invoices
Importer will pay off this invoice.
Customs clears freight using commercial
invoices.
Banks transfer money using the Commercial
Invoice.
42. International Freight Forwarders
An agent for the exporter in moving cargo to an overseas.
“Travel Agent for Cargo”
Specializing in:
- the import rules and regs of foreign countries
- the export regulations of the U.S. government
- the methods of shipping, and the docs related to foreign trade
- Foreign to foreign moves
- Pricing and rate negotiation via all modes of transportation
- Agent for the Department of Homeland Security
- Track and trace cargo
- Resolve Challenges
43. Documentation
(Export)
•
Shipper's Letter of Instruction (SLI) or Shipper
Transmittal Letter
Power of Attorney
Detailed Instructions to the forwarder
SED Completion
• Letter of Credit (if issued)
• Hazardous Declaration (only used if cargo is
a hazardous substance)
• Pre-Shipment Inspection Certificate (e.g. SGS)
44. Customs Brokers
Customs brokers are organizations licensed, regulated and
empowered by U.S. Customs and Border Protection (CBP)
to assist importers and exporters in meeting Federal
requirements governing imports and exports.
Specializing in:
- The import regulations of the U.S. government
- Classification of commodities / trade agreements
- All other government agencies that may be involved in
the import shipment
- Releasing cargo at the warehouses
- Deliveries of the cargo Domestically in the USA
- Post entry processing
- Government research
45. Documentation
(Import)
Power of Attorney
Continuous Bond
Classified Products
The Customs Broker you designate must have a
signed Power of Attorney, signed by an officer of the
company.
The Corporation must be Bonded under a Customs
Continuous Bond.
All products being imported should be classified in
advance in order to ensure a smooth shipping
process.
51. Liability
RISKS:
As the importer/exporter you are liable to follow the U.S.
Regulations. You must ensure that your forwarder / broker
are concerned about compliance.
Customs Liability
-Reasonable Care -Record Keeping -Correct
Classification
Risks of International Business
Additional Fees not quoted
Storage for Inspection
Penalties and Fines
Delays
Loss - Damage - Missing Cargo
Non-Payment by client
53. Advise, Audit and Planning
Develop your compliance program
Classification of merchandise
Valuation of merchandise
Country of origin Markings
Export licensing issues
Export licensing exemption
Deemed Exports
Embargoed country issues
Compliance and Training
54. Thank you for attending
today’s seminar.
BDG INTERNATIONAL, INC