Export Administration

Company A, which has not previously been involved in exporting, has been hard at work doing research on the export administration process. Management has decided on a direct market entry strategy, with the result that the exporting company will be responsible for all export administration. There is no-one currently in the company, however, with the skills required to correctly classify goods or organise their transport to the foreign destination.
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Introducing Company A, an aspiring exporter looking to optimise its export administration process. The company’s export unit has begun researching the various export administration steps but finds the whole process overwhelming, especially when it comes to producing the documents required at various stages of the process.
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Export administration is full of processes and procedures, many of which require specific documentation. Although many processes may be facilitated by a middleman, such as a forwarding and clearing agent, the liability for performance under the sales contract, including the acquisition or completion of associated documents, will remain with your company.
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Export administration is a complex process in which numerous parties participate. Understanding the steps, the documentation and the role players involved is fundamental to your export success. Assuming you are familiar with the services of forwarding and clearing agents and the purpose of customs duties, your next step will be to understand the role of customs authorities in the export administration process.
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As an aspiring exporter you may consider your company and products to be export ready. You may have done sufficient market and marketing research to identify your target markets and select your marketing mix for each market, and you may even have started receiving inquiries. To keep the ball rolling, you now need to become acquainted with the essentials of export administration.
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Exporting has a sequence of steps that must be closely followed from beginning to end. In this article, we take a look at a few important points you need to know before starting your export journey.
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Export administration as a topic has a lot of ‘moving parts’, from the various regulatory bodies to every middleman and facilitator in between. In order to ensure you are on the right track, it is essential to understand every role player and process involved.
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Export business relies heavily on documentation. When shipping your goods to foreign markets, documents play a key role in getting them to your buyer and ensuring that you get paid. Furthermore, they can prove that procedures have been followed, should the need to claim from an insurance policy arise.
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Export business relies heavily on documentation. When shipping your goods to foreign markets, documents play a key role in getting them to your buyer and ensuring that you get paid. Furthermore, they can prove that procedures have been followed, should the need to claim from an insurance policy arise.
read more