Moneydesks

Export Business: the library

Incoterms, HS codes and export filing, getting paid abroad, trade agreements, export controls, pricing an export quote, finding buyers and an export glossary.

Open this section in the app →

In this section (8)

  1. 🚢 Incoterms® 2020: who pays for what, and where the risk changes handsIn 30 seconds: An Incoterm is a three-letter code in your quote, like “FCA Memphis, Incoterms® 2020”. It settles three questions: where you hand the goods…
  2. 🏷️ HS codes, Schedule B numbers and filing your export in AESDirectIn 30 seconds: Every product you ship has a number. The first six digits (the HS code) are the same in nearly every country and drive the duty your buyer…
  3. 🧮 Pricing an export order and writing the pro forma invoiceIn 30 seconds: An export price is your domestic price plus every cost between your door and the handover point in your Incoterm. Build it as a ladder, one…
  4. 💵 Getting paid abroad: payment terms, credit insurance and export loansIn 30 seconds: There are four common ways a foreign buyer pays you, and they sit on a ladder. The safer a method is for you, the less the buyer likes it.…
  5. 🛂 Export controls and sanctions: EAR99, ECCNs, OFAC and screening buyersIn 30 seconds: Most ordinary products are “EAR99” and ship without a license to most places. A license question comes from four things together: what the…
  6. 🤝 Free trade agreements: rules of origin and cutting your buyer’s dutyIn 30 seconds: The US has free trade agreements (FTAs) with 20 countries. If your product “originates” under the agreement’s rules, your buyer in one of…
  7. 🔎 Finding foreign buyers: Commercial Service, STEP grants, marketplaces and trade showsIn 30 seconds: The US Commercial Service has staff in US embassies whose job is finding buyers for American companies. Its matchmaking services cost a few…
  8. 📖 Export glossary: 46 terms from AES to Schedule BIn 30 seconds: Export paperwork uses a lot of shorthand. Here are 46 terms you will see on quotes, invoices, bank forms and forwarder emails, each in a…