For 2009 exports, textile quota restrictions no longer apply, though some nations are still excluded (Belarus, North Korea, Uzbekistan…, check the Harmonized Tariff Schedule!) The textile quota system as it…
Other than paying cash for your import purchases or using Letter of Credit financing, using Documentary Draft for Collection is another popular method how to pay for your import orders.…
As noted in my previous post, Letter of Credit does not guarantee the quantity and quality of goods shipped! You, the Buyer / importer must realize that when Shipping Documents…
The Documentary Letter of Credit, abbreviated L/C, is a written undertaking of a bank made at the request of a buyer, to honor drafts or other demands for payment (presented…
Certificate of Origin or Form A is an evidence of a country of manufacture. GSP stands for the Generalized System of Preferences. The US Congress set up the GSP classification…
For the most part the airlines do cover the damages to your goods in transit and the insurance coverage is worked into the costs of the airfreight charges, however, they…
Similar to the textile visa, Leather Certificate is an assurance of quality, a compliance to certain standards for specific leather products. It is basically a Certificate of Origin that covers…
In this post I’d like address not the scenario where you are an importer of textile articles and you buy from licensed exporters, regardless what the country of origin is.…
As noted above, in the event your goods arrive into the United States without Textile Visa document, you won’t be able to clear US Customs until your broker will obtain…
Textile Visa is a certification of goods belonging to a specific product category – i.e. pillows, table cloth, blankets, etc. – as listed in the Harmonized Tariff Schedule. It is…
Quota is a quantitative restriction on some imports, i.e. farm products, pharmaceuticals, glass products etc. but most well-known products that are subject to a quota are garments and textile articles…
Commercial invoice shows goods sold, unit cost and quantity. Typically, it will be in US dollars but it can also be written in a local currency. There are two things…
Bill of Lading is a receipt for the goods shipped by sea and Airway Bill is a receipt for goods shipped by air. It’s an evidence of the carrier’s obligation…
Your customs broker should be the one that may recommend the freight forwarder based on the country or place of origin from which you intend to import. Freight forwarders are…
There are two important things you should do before you start buying. The first thing you need to do is find yourself a Customs Broker, also referred to as a…
Understanding shipping documents is absolutely essential to your success in import export business. Without a specific document attached with your shipment you will not be able to clear US Customs.…