Import Export Customs Compliance and Trade News

Trade and customs compliance and regulation news that affect import, export, transportation, logistics, and supply-chain industry and how you do business.
Laurel Delaney

How a Letter of Credit Can Boost Profitability

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MasterCardBiz with Laurel Delaney One of the most important things to negotiate before closing on an export sale is how payment will be made. Short of asking for payment in advance, securing payment with a letter of credit is the next best option. Sure it’s a little more expensive–typically 1/8 of 1 percent of the total transaction price plus incidental fees related to any amendments that might have to be made–but it’s worth it to...
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Jennifer Diaz

CBP Releases New E-Commerce Strategy

CBP
On December 1, 2016, we wrote about U.S. Customs and Border Protection’s (CBP)  new E-Commerce and Small Business Branch , which was created to help consumers and merchants safely navigate the complexities associated with the steady rise of global e-commerce. CBP defines  e-commerce  as high-volume, low-value shipments purchased via electronic means. E-commerce shipments pose the same health, safety, and economic security risks as containerized shipments, but the volume is higher and growing. Additionally, transnational criminal...
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George W. Thompson

What is EAR?

Exports Administrations Regulations
Commerce Department Export Controls (Export Administration Regulations) The Bureau of Industry and Security (BIS) of the United States Commerce Department has responsibility for administering export controls on commodities, software and technology that is not within the jurisdiction of another agency. The Export Administration Regulations (EAR) issued by BIS set forth the scope of this authority. BIS oversees export and reexport restrictions on controlled products and on specified destinations, persons and activities. For example, BIS administers...
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Jennifer Saak

Which Export Classification? ECCN vs Schedule B

Not all export classifications are the same. Do you understand which export classification is needed for your international shipment, export of technology, or deemed export transactions? Here are 4 key points about U.S. export classification numbers that will help you figure out which number is relevant – and when. We explain the difference between these export numbers, what these export classification numbers stand for, the government regulations in which they are rooted, and when you...
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Juan Arvilla

Six out of Ten Vehicles Manufactured in Mexico are Trucks and SUVs

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The change in demand for light vehicles manufactured in Mexico is leading the country’s automakers to produce more trucks and SUVs for the US market. Last January, Fiat Chrysler Automobiles (FCA) announced that it will move its production of pick-ups from Mexico to the United States.  This move appears to be the result of the Trump Administration’s corporate tax cuts, which are making the United States more competitive in the manufacturing sector.  Despite this, Mexican...
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