On: February 4, 2019 By: David Noah
The Foreign Trade Regulations detail when your electronic export information (EEI) must be filed through AES, and it outlines responsibilities for all the parties in the export. Therefore, the definition of each party needs to be precise including the Foreign Principal Party in Interest (FPPI).
On: January 30, 2019 By: David Noah
Many people use the terms exporter and U.S. Principal Party in Interest (USPPI) interchangeably, but that's not completely accurate. While an exporter may or may not be the USPPI in an export transaction, the USPPI is always an exporter. Make sure you understand the difference between the two terms.
On: January 28, 2019 By: Michael Laden
Too many companies ignore import-export regulations and rely on black magic to keep them safe. That's incredibly dangerous. International trade is full of land mines and mantraps. Responding to an audit is time consuming, expensive, and can have a profound impact on your transactions for years.
On: January 23, 2019 By: David Noah
Bills of lading are issued every day, but the transportation professionals who truly understand their significance are in the minority. This article defines exactly what a bill of lading is, provides examples of different types of bills of lading, and links to free bill of lading templates.
On: January 21, 2019 By: David Noah
Part of complying with US export regulations is making sure you aren't doing business with anyone on any of the government's many restricted party lists. That has become more difficult to do with the government shutdown. Fortunately, there are other options you can choose to perform your screenings.
On: January 14, 2019 By: Catherine J. Petersen
Accurate export documents are essential. They help ensure your goods clear customs, arrive at the right destination, and you get paid on time. Unfortunately, export paperwork sometimes gets issued with wrong information. Here's what you need to do if you discover errors in your export paperwork.
On: January 2, 2019 By: David Noah
Kim Kardashian may be having difficulty exporting her line of perfume to certain countries because they are considered hazardous material. Where does she turn to for advice? The Shipping Solutions International Trade Blog.
On: December 17, 2018 By: Chris Lidberg
If you never have discrepancies in your letters of credit, you can be sure you'll get paid. But if your LCs include discrepancies, you need to wait for the buyer to approve payment. Since this process is the most expensive and most structured payment method, consider an alternative: the collection.
On: December 3, 2018 By: Joseph A. Robinson
Many small businesses are so busy running their day-to-day operations that they don't consider their export potential. Oftentimes they think exporting is too burdensome and the rewards are too modest. But there are many very good reasons why they should start. Here are 14 of those reasons.
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