On: April 15, 2024 By: David Noah
U.S. exporters are prohibited from complying with requests to boycott Israel and certain other countries. BIS has made enforcement of these regulations a priority including increasing penalties for violations. Learn what to watch for and how enforcement has changed.
On: April 10, 2024 By: David Noah
A Tri-Seal Compliance Note published by the Treasury, Commerce and Justice Departments warns foreign businesses that they must be aware of how U.S. sanctions and export controls apply to their operations. We talk with Marvin McPherson, an associate at Barnes/Richardson Global Trade Law, to discuss what you, as a U.S. importer or exporter, need to know about this update.
On: April 8, 2024 By: David Noah
Under the Incoterms 2020 rules, DAP means the seller is responsible for delivering the goods to the place on the buyer's side agreed upon by both parties, at which point risk transfers to the buyer. The buyer is responsible for unloading the goods and clearing them for import.
On: April 1, 2024 By: David Noah
Before you attempt to export goods to France, read this article.
On: March 20, 2024 By: David Noah
Exporters and importers are sometimes confused about the differences between the Incoterms 2020 rules DDP and DAP, including who is responsible for what costs during the international journey and when risk transfers from the seller to the buyer. We explain the differences.
On: March 18, 2024 By: David Noah
The Export Commodity Control Number and Harmonized System numbers are used to classify your products for international trade, but they have distinct purposes. Some codes are used for export control, others are used by customs to determine duty rates and others for collecting stats.
On: March 13, 2024 By: David Noah
U.S. companies are often unaware of the international commercial terms known as Incoterms. This article explains the history of Incoterms, when and why they should be used, and the responsibilities, risks and costs for the buyer and the seller under each of the 11 Incoterms 2020 rules.
On: March 4, 2024 By: David Noah
Explore the potential and challenges of exporting to Germany, the fourth largest economy and the biggest EU consumer market. Learn about documentation, compliance, export controls and how to navigate regulations.
On: February 21, 2024 By: David Noah
There are five common payment options used for exports. With an open account, the exporter ships the goods and they are delivered before payment is due. This option is risky for the exporter and advantageous to the importer. However, it will make your exports more competitive.
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