Once you have identified your new foreign buyers you then need to consider how to ship your goods to your international customers efficiently, securely, and legally. You may want to check with a couple different international shipping companies to compare costs and available services. There are freight forwarders who specialize in certain types of shipments. For more information about the international shipping process, contact your local U.S. Commercial Service office, and watch this Exporting Basics video all about shipping. Shipping Your ProductThe hurdles you have to clear don’… read more
The GOI requires extensive documentation prior to allowing the importation of goods. Local customs brokers are acquainted with the procedures and required format of the documentation. At a minimum, the U.S. exporter or his agent must provide a pro-forma invoice, commercial invoice, certificate of origin, bill of lading, packing list, and insurance certificate. In addition to those documents additional certificates are often required by technical agencies with an interest in the content and conformance of the imported product such as food, pharmaceutical, seeds, or chemicals.The process of providing…read more
The trade balance bounced back to a surplus in May following a large deficit in the previous month as a drop in exports was followed by a steeper decline in imports, Statistics Indonesia (BPS) announced on Monday.
The surplus was recorded at US$210 million last month, standing in stark contrast to the $2.29 billion deficit recorded in the previous month, the largest deficit since 2013…read more
Let’s take a look at the agencies you may be working with as you manage your import/export business. While they can be divided in broad strokes into importers and exporters, there are many variations on the main theme.
Export management company (EMC). An EMC handles export operations for a domestic company that wants to sell its product overseas but doesn’t know how (and perhaps doesn’t want to know how). The EMC does it all — hiring dealers, distributors and representatives; handling advertising, marketing and promotions; overseeing marking and packaging; arranging shipping; and sometimes arranging financing. In some cases, the EMC even takes title to (purchases) the goods, in essence becoming its own distributor. EMCs usually specialize by product, foreign market or both, and — unless they’ve taken title — are paid by commission, salary or retainer plus commission…read more