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.
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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.
On: March 27, 2017 By: Catherine J. Petersen
Terms of Trade: Uniform Commercial Code and Incoterms 2020
Most people recognize the terms of sale used for domestic transactions within the United States, which commonly include a variation of FOB. When it comes to international trade, however, the best practice for most companies is to use the trade terms identified in the Incoterms 2020 rules.
On: February 22, 2016 By: Catherine J. Petersen
The Proper Valuation of Parts Replaced Under Warranty
Although you must declare the correct value of your goods exported under warranty, there are options for reducing import duty rates on those goods.
On: April 20, 2015 By: Catherine J. Petersen
Export Compliance Starts with Your International Sales Team
Your international sales team plays an important role in a company's export compliance activities. Unfortunately, too many companies fail to properly educate the sales team about the importance of compliance. Here are 10 ways to keep them informed.
On: May 23, 2010 By: Catherine J. Petersen
The Confusion of Using Incoterms for Domestic Shipping
The world of trade terms can be confusing. Use Incoterms for international transactions; use terms adopted by your state for domestic transactions.
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