8.18.16 Growing Exports Session 1
Session 1: Thursday, August 18th: 8:00am - noon
Export Regulations and Compliance
Understanding export compliance helps you identify your obligations under the Bureau of Industry & Security (BIS), Export Administration Regulations (EAR) and International Traffic and Arms Regulations (ITAR) to better understand how to mitigate risk through the development of an Export Management Compliance Program (EMCP).
This part of the course helps you understand the risk and repercussions of violating the EAR and ITAR:
- Discover which U.S. agencies control your shipments.
- Learn about licensing requirements, deemed exports, etc.
- Understand how the Foreign Corrupt Practices Act may impact how you do business overseas.
- Understand what the U.S. Government considers an "export" and the different methods of exporting - this may surprise you!
International Payment Methods
This part of the course will cover the basics of international payment methods including:
- Cash in Advance
- Open Account (including insured receivables and financing international orders)
- Trade Finance (EXIM and SBA financing)
- Documentary Collections (Cash Against Documents, Sight Drafts, Time Drafts)
- Foreign Exchange (an understanding of how FX works and when it is advantageous to buy or sell in a foreign currency)
- Letters of Credit Fundamentals (provides a basic understanding of letters of credit and how they help secure your payments)
Incoterms
This part of the course will cover Incoterms - International Commercial Terms of Sale (i.e. Ex-Works, FOB, etc.); a brief review will ensure that your company understands them. Also covered is the domestic use of Incoterms.
Thank you to First National Bank for sponsoring this series!
Thank you to partners who made this series possible:
