Contact We Globalize!
Copyright We Globalize!
Shipping goods out of the country and collecting payment can sap the company's resources. Often the vital support role is left to staff who does not have the expertise to figure out the complex procedures or prepare unusual paperwork!
newsletters: Supplier's rights | Small Exporters | Agents or Distributors? | Export Documents | Export to China | Intellectual Property | Emerging Markets | Global Web site 1 | Global Web site 2| Export to Japan | Terminate Distributor | Financing Export | Austerity in Europe | PRODUCTS RECALL | CHOOSING A DISTRIBUTOR ABROAD
Basics of exporting: Tons of export documents.
When shipping a product overseas, the exporter must be aware of packing, labeling, documentation, and insurance requirements.
The average international shipment involves 46 separate documents. The specific documents required for any given shipment depend on U.S. Government regulations, the importing countryís regulations, the importerís requirements, terms of sale, method of payment and mode of transportation.
Slight discrepancies or omissions in documentation may prevent goods from being exported, may result in the shipper not getting paid or may even result in seizure of the goods by customs agents. Completion of much of the documentation is routine for freight forwarders or customs brokers, but the exporter is ultimately responsible for the accuracy of the documentation. As such, documentation becomes a crucial function of the export process.
Most exporters rely on an international freight forwarder to perform these services because of the multitude of considerations involved in physically exporting goods.
Shipping and receiving country requirements, in terms of sale and method of payment, typically dictate the required export documents. Exporters must prepare all documents with absolute accuracy. Therefore, new exporters should consider obtaining the advice and securing the services of a competent freight forwarder, in order to ensure compliance with all necessary documentary requirements.
Thorough, timely and professionally prepared documentation is one of the keys to success in the export business and cannot be undervalued. Your freight forwarder can be an invaluable source of information on markets, packing, and shipping costs, as well as documentation for export transactions.
EXPORT CONTROLS .Fortunately for U.S. exporters, information regarding trade laws and regulations are now readily available. As always, the success of these regulations in furthering U.S. foreign policy and national security objectives ultimately depends on U.S. companiesí active participation and support.WHAT IS AN EXPORT LICENSE AND DO ALL U.S. EXPORTS REQUIRE ONE? An export license grants permission to conduct a certain type of export transaction. It is issued by the appropriate licensing agency after a careful review of the facts surrounding the given export transaction. Not all exports require a license. In fact, a relatively small percentage of all U.S. export transactions require licenses from the U.S. government. However, the characteristics of your product are key elements of any transaction. The Bureau of Industry and Security (BIS) of the U.S. Department of Commerce is responsible for licensing products that are "dual-use," or have both commercial and military or proliferation applications. The first step to establishing whether a dual-use product requires a license is to find the productís Export Control Classification Number (ECCN) on the Commerce Control List (CCL). Once the ECCN number is determined, the specialists at BIS can also help you navigate the Export Administration Regulations (EAR) to find out whether you must apply for a license and how to submit the requisite application.
If you discover that your product does not fall into one of the specific categories listed in the EAR, then EAR99 is a designation for dual-use goods that are covered by the EAR but are not specifically listed on the Commerce Control List. EAR99 items can be shipped without a license to most destinations under most circumstances. In fact, the majority of commercial exports from the United States fall into this category.