Posts Tagged ‘compliance’


What is an ATA Carnet and How/Why is it Used?

Saturday, January 19th, 2013

 

The acronym ATA stands for Admission Temporaire/Temporary Admission, or the ATA, and is a widely used International document.

ATA Carnet, Importance and Relevance

An ATA Carnet is used to simply move shipment from one country to the other without the need of a formal clearance or the payment of duties.  Its main function is to facilitate global trade.

ATA Carnet Categories

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Testing Products Prior to the Export

Saturday, December 29th, 2012

Undertaking thorough testing of the products prior to exporting is strictly enforced by various nations. In some nations, the procedure is enforced in a genuinely strict way. Those nations have come up with a well laid out formula for the products that may be specially tested prior to the export. The procedure helps in maintaining the quality control, true value worth the investment by the buyer, and genuineness of the product.  (more…)

Shipping Samples to Potential Customers

Thursday, December 27th, 2012

Just like any other product purchase, the export marketing community too, relies on the sample examination of the products. In some the cases, the export market clients shy away from the if they are not able to determine the quality of the product by first receiving a sample. Therefor, using good quality sample products as a standard part of your export business is essential for securing additional export customers worldwide. (more…)

Why You Need to Know What Your HTSUS Number

Friday, December 7th, 2012

 

What is HTSUS?

Schedule B and HTSUS are the two different number classifications for US exporters. HTSUS is an acronym for ‘The Harmonized Tariff Schedule of the United States.’  The World Trade Commission (WTC) is responsible for establishing the harmonized classification system.  Practically all countries use the same classification system (same first 6 digits) in order to maintain a global standard reference.  Although both numbers can be used for exports, only the HTSUS can be used for classifying US imports. (more…)

How to Prepare a Commercial Invoice for Export

Wednesday, December 5th, 2012

We are all familiar with invoices and bills.  We see them every day when we open our mail. So what is the difference between an invoice and a “commercial invoice?”  A commercial invoice is simply an invoice used for international trade. Think of a bill/invoice that you receive at home (power/electricity, telephone/cell phone, credit card, etc.). What type of information do they contain? They contain the information that you will need in order to identify the goods or services that you have purchased and need to pay for.  When you receive an invoice for credit card purchase, it will include the date, what was purchased, where was purchased and the cost or price you pay for what was purchased. The same holds true for a commercial invoice. It must also contain all the basic information (and some specific information when it comes to certain commodities) that will be required by both your foreign buyer as well as customs in the country of destination. The commercial invoice is by far the most important document you will need for export shipments. Although there is no specific form that must be used, there are several items that you will need to have as you prepare the document. A properly completed commercial invoice will facilitate a quick clearance at destination country.  A poorly prepared commercial invoice on the other hand, may not only cause the shipment to be delayed, but it may also trigger an inspection which would cause an even longer delay and perhaps cost associated with the inspection.  (more…)