export process overview
DESCRIPTION
TRANSCRIPT
Export Process Overview
Buyer- ImporterShipper-Exporter
Freight ForwarderCarrier
Sales Contract
Customs Broker
Freight Forwarder• Flexible Extension to the Export Department• Agent for the Carrier• Checks with U.S. Regulations
– Controlled Commodities/Export Licensing• Check with Importing Country Regulations• Checks & Completes Export Documentation• Arranges for Shipment of Goods
– Nature of Commodity- Haz Matl• Provides Insurance• International Banking Service
– Negotiates Letters of Credit• Files S.E.D via A.E.S.• Monitors Shipment of the Goods• Provides P.O.D. if required• FMC Licensed ( U.S.D.O.T.)
Import Process
• See Export Process Slide and read backwards
Customs Broker
• Classification• Customs Clearance• Customs Binding Ruling• Liquidation Process• Customs Modernization Act• Import Manual• Duties and Taxes• Treasury Department License