On: June 4, 2018 By: Roy Becker
If You Must Use a Letter of Credit—Get It Right!
Too often exporters receive a letter of credit and then become frustrated with the terms provided. Here's how to get started right.
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On: May 30, 2018 By: Catherine J. Petersen
9 Things You Need to Know to Prepare an Export Quote
The first stage in an export transaction is preparing a quote—or a proforma invoice—for the buyer. Here are the 9 things you need to know.
On: May 14, 2018 By: Arnesh Roy
International Organizations That Play a Role in Importing and Exporting
Global commerce doesn't just happen. There are several international organizations that keep the process running smoothly. Here are some of the international organizations that play a role setting standards and ensuring the smooth flow of trade in importing and exporting.
On: May 9, 2018 By: David Noah
Export Documentation Requirements: Who Should Sign Your Documents
When it comes to signing the documents that accompany an export shipment, applying for an export license, filling out a NAFTA or other FTA certificate of origin, or completing other parts of the export process, too many companies don't give enough thought about who should sign all this paperwork.
On: April 30, 2018 By: Roy Becker
7 Factors for Determining the Right Method of Payment for Your Exports
There are four basic payment terms for an export sale: (1) cash in advance, (2) letters of credit, (3) collections, and (4) open account. Exporters should ask these seven questions before agreeing to a specific term.
On: April 23, 2018 By: Roberto Bergami
International Letters of Credit: Best Practices for Exporters
International letters of credit are well suited to high value/high risk transactions. But exporters need to make sure they do it right in order to get paid! Here are the steps exporters need to pay attention to in order to get paid quickly under a L/C.
On: April 2, 2018 By: Roy Becker
Working with the Importer to Waive Letter of Credit Discrepancies
If a bank finds a discrepancy in a letter of credit, they will typically contact the importer to see if they want to waive them. Here's when and why an importer may do so.
On: March 26, 2018 By: Roberto Bergami
Avoiding Risk in International Trade: What We've Learned
An export-import organization needs to take a proactive risk-management approach to international trade. Assessing risk pays dividends in the end.
On: March 19, 2018 By: Catherine J. Petersen
Repaired Goods: Import and Re-export
Sometimes things break. And when they do, you want your customers to be able to return them for repair. But that's trickier when your customers are located overseas. Here are the proper procedures for importing and re-exporting goods with minimal time and expense.
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