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As an exporter, it is important to avoid common mistakes in order to ensure success in the global marketplace. Here are some of the biggest mistakes that US exporters make
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In the higher education sector, export controls can be a complex and sometimes confusing issue. Universities and research institutions may be involved in a wide range of activities that could potentially fall under export control regulations, such as research projects, international collaborations, and travel to certain countries.
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An Export Control Classification Number (ECCN) is a five-character alphanumeric code that is used to identify items on the Commerce Control List (CCL). The CCL is a list of goods, technology, and software that are subject to export controls under the Export Administration Regulations (EAR).
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Export compliance is the process of ensuring that a company’s international trade activities comply with the relevant laws and regulations. These laws and regulations can be complex and vary depending on the nature of the products being exported, the destination country, and other factors. Noncompliance can result in significant costs and consequences for a company,...
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Incoterms® (International Commercial Terms) are standardized terms that define the responsibilities of buyers and sellers in international trade transactions. They are used to clearly communicate the terms of a sale and to specify which party is responsible for various aspects of the transaction, such as transportation, insurance, and customs clearance. They are also a registered...
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Exporting Without a License? ITAR exemptions allow certain defense-related articles and services to be exported or imported without the need for a license. These exemptions are granted on a case-by-case basis and are typically granted to companies that meet certain criteria, such as having a proven track record of compliance with ITAR regulations.
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Letters of credit (LOCs) are widely used in international trade to provide a guarantee to the seller that payment will be received for goods or services exported. They are essentially a promise from a bank to pay the seller once certain conditions are met.
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Ensuring ethical import operations is crucial for any organization that engages in international trade. Not only is it the right thing to do, but it also helps to protect the reputation of the organization and ensures compliance with laws and regulations. In this blog post, we will discuss some key steps that organizations can take...
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The U.S. Customs Brokers Examination is a challenging test that aspiring customs brokers must pass in order to obtain a license to practice in the United States. The examination covers a wide range of topics, including customs laws and regulations, tariff schedules, and brokerage practices. Do you wish to become a U.S. Customs Broker in...
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Technical Assistance Agreements (TAAs) and Manufacturing License Agreements (MLAs) are types of agreements that are regulated under the International Traffic in Arms Regulations (ITAR). The ITAR is a set of regulations administered by the Department of State that controls the export of defense-related items and services from the United States.
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