After the introduction of the North American Free Trade Agreement (NAFTA), many import and export barriers between the United States and Canada were reduced. Merchants are free to ship goods back and forth without having to file Electronic Export Information (EEI), except under specific circumstances. However, there are subtle differences in restrictions that can be […]
A Shipper’s Letter of Instruction (SLI) is an optional, non-legal document that helps exporters accurately communicate information to the freight forwarder. This letter outlines handling instructions for your shipment, speeds up the processing of required authorizations, and ensures compliance with Foreign Trade Commission standards. An SLI also enables your freight forwarder to manage export control […]
Nearly every country in the world has specific regulations for importing goods from abroad. As a result, your product may have to face additional testing, licensing, or labeling before it’s permitted to enter the foreign market. These requirements can vary between countries and US exporters often have to take extra steps to ensure their deliveries […]
One of the most detrimental challenges a small or medium-sized enterprise (SME) can face when exporting is securing affordable and consistent financing. Despite their significant contributions to global trade growth, SMEs still tend to have the most difficulty fulfilling day-to-day cash flow obligations. International trade finance companies provide financing opportunities that facilitate business growth in […]
An ocean Bill of Lading (BOL) is a standard document required for exporting goods overseas. You may think it’s as simple as filling out a form, but neglecting to pay attention to the details could result in costly consequences. Below, you’ll find the top five things that can go wrong when filling out your export […]
The concept of international trade has been debated among kings, queens, presidents, philosophers, economists and government officials for centuries. In fact, international trade finance companies were birthed from this age-old economic thought. When you look at trade today in 2019, the argument is the exact same as it was in the beginning of modern […]
The international trade finance industry is a $10 trillion business. If you are a business that imports and exports as your main mode of operation, and you are not taking advantage of all the financial resources out there ready to assist your company to keep your supply chain moving, you are truly missing out. In […]
You are a business owner. You have just signed off on, sealed, and shipped your company’s product to your number one client in Ireland. They have been your client for years, but every time you bill them on a 30-day invoice, it takes them around 60 to 65 days to pay it. In the meantime, […]
International trade finance companies were designed to help businesses who are involved in trading activities sustain less delays in their supply chain by providing financial solutions that help them get paid faster and help them not lose out on business opportunities due to finances. About 52%—only about half—of Americans believe trade is good. Why is […]
