They may not agree on budget cuts or gun laws but there is one thing that unites everyone in the U.S. government--their love of acronyms. Unfortunately, if you're in any kind of a global business, you can't avoid them. Navigate the waters of this unappetizing alphabet soup with the help of our international trade acronym…
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Keep your money longer, simplify your duty payments, and gain better control of your import data for compliance purposes. If you could hold onto your money longer, would you do it? What if you could delay your payment of customs duties and simplify the process so that you made one simple monthly payment for all…
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Since the sequestration was triggered on March 1, your inbox has probably filled with notices of doom and gloom from all manner of sources. Many of us are experiencing “sequestration exasperation” as we get bombarded from all sides with the latest predictions on the effects of these automatic government spending cuts. You may be wondering…
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On Friday evening federal mediators announced that the International Longshoremen’s Association and the U.S. Maritime Alliance reached a tentative agreement for a new contract. Both parties must now ratify the agreement and settle negotiations at the local level. According to a press release from the Federal Mediation and Conciliation Service, “…local negotiations are ongoing and…
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Did you know that if you import a machine into the U.S., your invoice needs to include a statement about the machine's use or method of operation? Or that if you import bed linen or bedspreads your invoice must state whether or not they contain any embroidery, lace, braid, edging, trimming, piping or applique work?…
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Starting February 1, our Albany crew will be serving clients from their new location on Automation Lane. The new address will be: 4 Automation Lane Suite 250 Albany, NY 12205 The office's phone and fax numbers will remain the same: T: 518-690-7880 F: 518-690-7887
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As an exporter, any sale you make is a gift until payment is received. That's why it's essential to establish the right payment terms in your contracts, so you get paid as soon as possible. The tricky part is getting your buyer to agree to these terms. How do you protect yourself to ensure that…
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It's ports-a-plenty at worldportsource.com, a free online directory of satellite maps and other information on over 4,500 world ports. The site lists ports by country and region. An interactive satellite map allows visitors to "zoom in" on the port of their choosing and view links to other port details. Click a port on the map…
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One common misconception among U.S. importers is that they don’t have to worry about what’s on their commercial invoice and other import documentation. These importers will often neglect to provide their Customs broker with a truly complete product description or accurate country of origin because they don’t think they have to sweat the details. What…
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Insuring cargo for international transport is very different from other forms of property insurance. There is an entire body of law, known as Admiralty Law, that has evolved around marine transportation. The coverage found in a marine cargo policy (which also covers international shipments by air) is written to insure against the many perils that…
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