Export and Import Practices

Export and Import Practices

1. Why export?

   • Locating foreign markets and developing a plan
     • Sources of expert info,, counseling and support
       • Export.gov
         • ITA
         • USCS
         • SBA
           • Business Development
           • Financial assistance
           • SCORE
             • 1 on 1 assistance
         • etc.
       • For exporting firms
         • MAC
         • Manufacturing&services
         • USCS
       • EAP
         • Process
           • get to know the company
           • Refer to FTD
           • Comprehensive guide
       • Once market is identified
         • Indirectly export through exporter
         • Set up own exportation
       • Show&Sells
         • US pavillions
         • Trade missions
         • Product literature center
         • Reverse trade missions
     • Mistakes made by new exporters
       • 1-Not obtaining qualified help
       • 2- Insufficient commitment
       • 3-Insufficient care
       • 4- Not establishing a basis for operation
       • 5-Neglecting exports
       • 6- Not giving equal tratment
       • 7-Not using catered tecniques
       • 8- Ignoring culture
       • 9-ignoring language
       • 10-not using export management
       • 11- Not considering license
       • 12- Not having available service
     • Exporting marketing plan
       • -Done ASAP
       • Market Specific
       • Know-how
     • Incoterms
       • - Terms of sale in foreign trade
       • 3 digit Terms
       • Establish Party's tasks
   • Payment and Financing Procedures
     • Export Payment terms
       • Cash in advance
       • Open Account
       • Consignment
       • Letter of credit
         • 1-Open L/C
         • 2-Open irrevocable
         • 3-Send irrevocable to USbank
         • 4-Letter of confimartion
         • 5- Exporter reviews L/C
         • 6-Delivery arrangement
         • 7-Freight forwarder fills docs
         • 8-Present full compliance doc.
         • 9-Bank review doc.
         • 10-Buyer Claims goods
         • 11-Draft-L/C is paid
     • Export Financing
       • Private Source
         • Bankers acceptance
         • Factoring
         • Forfaiting
       • Public Source
         • US export-import bank
           • Working Capital Guarantee
           • Export Credit insurance
       • Other Public incentives
         • Overseas private investment corporation
         • Foreign trade zones
         • Free trade zones
   • Export Procedures
     • Export Document
       • Shipping Documents
         • Shippers export declaration
         • Validated export license
         • General export license
         • Exporting bill of landing
       • Collection Documents
         • Invoices
         • Comercial and consular certificates of origin
         • Inspection Certificates
     • Export Shipments
       • Transportation
         • LASH
         • RO-RO
         • Air freight
           • Costs may decrease
           • Air dependents
           • Perishable
           • Stronger competition

2. Imports

   • Sources for Imports
     • JETRO
     • WTC
   • Customhouse brokers
     • Private businesses
     • Handles imports for a fee
   • Import Duties
     • Harmonized Tariffs Schedule of the US
       • 10 digits
       • Coded