Sam Henry tells you why attending the Export Procedures and Documentation Course might be the best three days you ever spent outside your business.
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For all of us used to Incoterms 2000 we need to be aware that the new version Incoterms 2010, released last month by the International Chamber of Commerce, will start on 1 January 2011. Incoterms (short for ‘International Commercial Terms’ ) have been a boon to international trade in goods by simplifying and clarifying which [...]
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A recent report from Dun & Bradstreet noted that 80,000 Australian firms had their risk profile downgraded in the first quarter of 2010. What does this mean to you, if you run a small business? It means some of your clients/customers could be on this list and you may struggle to get paid if these [...]
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For businesses entering the exciting world of export, there will be some new skill sets required. Those skills range from having the sales, negotiating, and business culture savvy to sign up sales and alliances in a new market, through to understanding the supply chain logistics of safely delivering the product or service to your new [...]
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It’s a truism that many otherwise profitable businesses fail because they run out of cash. While profit is the reason you’re in business, cash flow is what keeps you there—and cash flow and profit are two different things. You may be making profitable sales, but your business can still suffer if those sales aren’t being [...]
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South Australian global trade software company eCertify has won a contract to service the Los Angeles Area Chamber of Commerce to automate Certificates of Origin processing for exporters and freight forwarders in the area. The contract comes at a good time as the US aims to double its exports in the next five years to [...]
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Most people classify export documentation as tedious, but the reality is that if you get it wrong it can damage, or even sink, your business. Making sure you have the right documentation is a vital part of international trade. Thorough, accurate paperwork minimises the risk of problems and delays. There should be a clear written [...]
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The first in our export risk series addresses the juggle involved in pricing your products for an international market. As improper pricing of your products could undermine your profitability—or your business, it is vital to ensure you understand the complexities of documentation, foreign exchange and perceived market value.
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It’s a tried and tested method of getting paid, but what exactly is a letter of credit, and what does it entail for an exporter? Once consdiered too paperwork-heavy, this payment method has seen a revival in this more risk adverse global economy.
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The Federal Government will provide $40 million in funding to reform the export process for agricultural exports including the red meat, grain, horticulture, live exports, fish and dairy sectors. The reform will aim to make the exporting process more efficient, with modernisation of the current IT system and a greater use of electronic processing. Aims [...]
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