Methods of Payment in International Trade: Open Account
ShippingSolutions.com
by
22h ago
For exporters, any sale is a gift until payment is received. For importers, any payment is a donation until the goods are received. Successful exporters and importers recognize this conundrum and are able to negotiate payment terms that recognize the inherent risk and yet meet the needs of both parties. There are five primary methods of payment in international trade that range from most to least secure. Of course, the most secure method for the exporter is the least secure method for the importer and vice versa. The key is striking the right balance for both sides. This article focuses on op ..read more
Visit website
How to Identify and Apply FTA Rules of Origin
ShippingSolutions.com
by
3d ago
By reducing tariffs, streamlining customs procedures and increasing market access, free trade agreements (FTAs) pave the way for businesses to grow and thrive abroad. Yet the majority of companies don’t take advantage of the benefits. The reason many point to is the complexity of understanding the rules of origin ..read more
Visit website
Create a Bank Draft to Get Paid for Your Exports
ShippingSolutions.com
by
1w ago
Securing payment for your international exports is arguably the sweetest reward—the culmination of your tireless efforts in navigating new foreign markets. But this hard-earned victory can unravel if the payment mechanism isn't airtight. Bank drafts add a layer of trust and protection to the international payment process, especially when dealing with unfamiliar clients or navigating tricky regions.  ..read more
Visit website
International Trade Briefing: February 2024 [Video]
ShippingSolutions.com
by
2w ago
..read more
Visit website
How to Determine Free Trade Agreement (FTA) Tariff Rates
ShippingSolutions.com
by
2w ago
If your business is involved in international trade and looking for a competitive edge, you cannot ignore free trade agreements (FTAs). Understanding and leveraging FTAs can improve your bottom line and open up market access. This article is one in a series explaining the steps you need to take to determine if your goods qualify for preferential treatment under an FTA. Today we’ll look at how to determine the tariff rate for your goods by using the U.S. Harmonized Tariff Schedule. Tariff rates significantly impact the cost and competitiveness of goods and are one of the primary reasons to qua ..read more
Visit website
13 Useful Websites for Export Documentation & Promotion Help
ShippingSolutions.com
by
1M ago
In a previous article, I discussed seven valuable resources you should be using to complete your export documentation. That article got me thinking: there’s an understated, incredibly valuable resource that’s available to all exporters in the United States—for free! In fact, it’s not just one single place; the U.S. government has a wealth of knowledge packed in its various trade and export-related websites. Here are several websites that can help you get a better understanding of various topics of interest to exporters ..read more
Visit website
Navigating Supply Chain Audits: Guidelines for Exporters and Importers
ShippingSolutions.com
by
1M ago
The years since the beginning of the COVID-19 pandemic have raised awareness about supply chains and logistics services as shortages and delays became the norm. C-suite executives added supply chain resiliency and risk to their list of priorities. For supply chain managers, the positive outcome of the disruptions is a heightened profile of their profession. The need for annual audits of supply chains to help mitigate future disruptions is obvious, but execution can be difficult.  ..read more
Visit website
Using the Commerce Country Chart to Determine If You Need an Export License
ShippingSolutions.com
by Arnesh Roy
1M ago
In a previous blog post, I discussed what I had learned by attending a seminar cosponsored by the Bureau of Industry and Security (BIS) and the Minnesota Trade Office. I described how to find an item’s Export Control Classification Number (ECCN) on the Commerce Control List (CCL). In today’s blog post, I will describe the next step in the process: How to use the Commerce Country Chart to determine if an export license is required based on the reasons for control ..read more
Visit website
International Trade Risk: Regulatory Issues and Market Access
ShippingSolutions.com
by
1M ago
This is the ninth part of my series of articles on assessing risk in international trade. In my last article, I made some comments about chambers of commerce and trade consulates. In this article, I focus on certain aspects of regulatory issues that affect market access. As this is a very big topic covering a multitude of issues, I will limit my comments to regulations and documentation ..read more
Visit website
5 Reasons to Invest in Export Documentation Software
ShippingSolutions.com
by Arnesh Roy
2M ago
I spend much much of my day talking with people who want to learn more about the Shipping Solutions export documentation and compliance software. The ones who become customers tend to have many of the same reasons for investing in the software. This article outlines the five most common reasons why companies invest in and use export software. If you’re on the fence trying to determine whether or not export software is a worthwhile investment, take a look at the information below. I hope it will help guide you towards making a well-informed decision ..read more
Visit website

Follow ShippingSolutions.com on FeedSpot

Continue with Google
Continue with Apple
OR