QUESTION: We are a small company with about $7,500,000 in export value. Certainly not a lot compared to other companies We always get spot insurance when we ship but we are trying to figure out the “tipping point” of when we should get a global policy. If you add in domestic, it’s another $7,500,000 in […]
QUESTION: Is there a standard landing cost formula? Can anyone offer an example/insights, please? ************** Answers: Landed costs are a cross-functional team effort especially in complex scenarios with multiple variables. There is no one-size-fits-all formula. Many or most of the cost line items are not within the purview of Trade Compliance. Further, in many cases […]
QUESTION: Has anyone found an official list of Hoshine’s subsidiaries and can share? %%%%%%%%%% ANSWER: I ran a D&B report and found several subsidiaries in it. However, I’m not sure that is the most efficient report that will disclose what you’re looking for. ================================================================
QUESTION: We would like feedback from the membership on options / best practices for handling retro-active price adjustments (raw material adjustments for example) for cross border transactions. Company A in the US sells metal stampings to Company B in Mexico. Company A wishes to recover steel price increases from Company B per contractual agreement. %%%%%%%%%% […]
O QUESTION: For those of you with a large global operation, how are your policies and procedures structured? Do you have a general corporate trade compliance manual and then specific country procedures? Or, does each country have their own completely separate trade compliance manual? I was thinking, one global TC manual with general principles. Then, each […]
QUESTION: Does anyone import aluminum products from China that fall under the AIM program with an import licensing requirement. If yes, please advise if the process to apply for a license is simple and an estimated time for completing the application. I have an entity falling under this licensing requirement and they are requesting additional […]
QUESTION: This is a question for trade compliance members who audit Dutch import entries. I am auditing my first Dutch Customs Entry from the US as we do not have a fully staffed logistics/trade compliance team in the EU/NL. I am having difficulty tying the invoice PNs to the information on the Customs Release document […]
QUESTION: Does your company have a policy that reads anything like “If a Customs agency asks you for something, please notify Trade Compliance before responding?” If so, would you mind sharing the verbiage? Is it a separate policy, part of a larger corporate policy, or……? ========== Answers: While I cannot share the exact wording, I can […]
OT Fact Sheet: Origin Certification Requirements QUESTION: I am currently the Trade Compliance Manager. I report to the Director of Supply Chain and then I have a Trade Compliance Analyst that reports to me. We are a US based company with only 1 location and I have been with this company for 13 years. The […]
OT Fact Sheet: Origin Certification Requirements QUESTION: I’d be interested to hear from members that have done an evaluation of their end to end supply chain or are considering an evaluation of their end to end supply chain for forced labor – What approach did you take to conduct your evaluation? Direct survey to suppliers? […]
QUESTION: I am about to complete my IMBA and have been working in international trade compliance for seven years. I know I don’t want to stop there with my education and have been thinking about getting a JD. I have muddled through the information on the internet, but still feel like there is little info […]
OT Fact Sheet: Origin Certification Requirements QUESTION: Company A, located in the EU and Company B, located in the US, are related entities. A sells B raw material in which B converts to finished product. B acts as the US IOR of the raw material. B sells finished product to third party US and foreign […]
