On: August 24, 2020 By: Catherine J. Petersen
While Schedule B codes used for U.S. exports are 10-digits long, only the first six digits are the same as in the country of import. Each country is allowed to add up to four additional digits to further delineate the product. So how many digits do I include on my commercial invoice?
On: August 19, 2020 By: David Noah
If you've determined your products require an export license before you can ship them, you most likely need to apply through the Bureau of Industry and Security's (BIS) SNAP-R system. Make sure you avoid these five common errors that can delay your license and potentially get you in trouble.
On: August 3, 2020 By: Roy Becker
When negotiating an international sale, one of the first questions you need to answer is: How will I get paid? In order to answer that question, you'll need to answer several more: When will I get paid—before or after delivery? What kind of guarantee do I get? In what currency will I be paid?
On: July 27, 2020 By: Joseph A. Robinson
American Chambers of Commerce, traditionally referred to as AmChams, advance the interests of American overseas businesses through advocacy, information, networking and business support services. There are more than 100 AmChams associated with the U.S. Chamber of Commerce across the globe.
On: July 8, 2020 By: David Noah
Although the six-digit Harmonized System (HS) number is a subset of the 10-digit Schedule B code, it's important to understand the difference. While you should include the HS code on some of your export documents, you are required to report the Schedule B code with your EEI filings.
On: July 6, 2020 By: David Noah
Most export shipments to countries other than Canada require the exporter or the exporter's representative to file their electronic export information (EEI) through AESDirect located on the Automated Commercial Environment (ACE) platform. To do it right, you need to understand the terminology.
On: July 1, 2020 By: Lisa Nemer
When completing the NAFTA Certificate of Origin, it's often columns 7, 8 and 9—Preference Criteria, Producer and Net Cost—that confuse people. But it's those columns that are really the meat of the form. They determine whether or not your goods deserve preferential duty treatment.
On: June 15, 2020 By: Arnesh Roy
The U.S. Bureau of Industry and Security (BIS) has announced that license exception CIV is being eliminated. Exporters could use CIV to export certain controlled products to civilians, but BIS worries that line between civilian and military has been blurred in China, Russia and Venezuela.
On: June 8, 2020 By: Roy Becker
Many U.S. importers, exporters and bankers don't understand Incoterms 2020 rules that are the standard sales terms used in international trade. As I demonstrate in this article, the danger of incorrectly using terms like Ex Works (EXW) and Free on Board (FOB) can be considerable.
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