Alfonso Llanes, Master Degree in International Development
Alfonso Llanes, Master Degree in International Development
Federal, state or local requirements need to be met in order to become an exporter as a business entity or an individual.
Start-up Documents and method.
Export samples are essentially as the first step for an international buyer if an initial offer and bid has already been established. Once the quality and all related issues such as quantity, delivery schedule price and so on have been successfully negotiated what follows is a pro-forma invoice where all the conditions are stated and payment method is entered in a contract of agreement. In return one should receive a formal purchase order from the overseas buyer based on the contract. The terms of payment agreed upon prior to the first shipment and order invoice needs to be entered in the export contract that could include: i.e., payment in advance, payment on delivery against acceptance of product, or a conditional letter of credit outlining the conditions for payment to take place such as a Bill of Lading, Dock Receipt etc. If insurance or a performance bond need to be placed before the contract is initiated the obligation of such risk must also be outlined in the export contract. In addition, some buyers might require an independent inspection of the product by a certifying authorized third party to conduct an inspection that meets the contractual agreement.
Any exporter must understand and be familiar with the country of destination Customs rules and requirements.
According to the U.S. International Trade Administration, the top five sources of U.S. exports in this category were No. 1 China, No. 2 South Korea, No. 3 Canada, No. 4 Mexico and No. 5 Hong Kong. The top five Customs districts from which Aluminum waste and scrap exports left the United States through March were No. 1 Los Angeles, No. 2 San Francisco, No. 3 New York City, No. 4 Seattle and No. 5 Detroit.
More than 36% of United States’ aluminum metal supply is from recycled metal, and the country is the world’s most resource-abundant secondary recovery site because of its long history of aluminum production and consumption. Around 2 million tons of scrap is exported each year, representing one-third of the total global scrap supply. Without scrap recovery the capacity of U.S. aluminum industry would be curtailed drastically as the country has already shut down about 75% of the total primary capacity.
Shipping Documentation
Transport Documentation
Methods of Payment
Insurance
Commercial Invoice
Cash in Advance
Cargo Insurance
Inspection Certificates
Commercial Letters of Credit
Coverage
Weight Certification
Standby Letter of Credit
Insurance Certificate
Packing List
Documentary Collection
Shipper’s Letter of Instruction
Open Account
Dock Receipt
Mixed Methods
Certificate of Origin
Currency of Payment
Consular Invoice
Bill of Lading
Air Waybill
Shipping Forms
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