The United
States of America (USA) is one of the largest exporters in the world, they are
the leading supplier of mineral oils, machineries, electrical equipment, automobiles, pharmaceuticals, precious stones, gems etc.
Let us
understand the process of export from USA.
1. Find out if your product can be
exported: Few products may be restricted or prohibited from being
exported due to various reasons, including national security concerns, foreign
policy considerations, or environmental regulations. You need to check Export
Administration Regulations (EAR) and International Traffic in Arms Regulations
(ITAR) so that you can determine whether your product is allowed to export or
not.
2. Obtain Export License: If your
product requires an export license, you will need to obtain one from the
appropriate government agency. The Bureau of Industry and Security (BIS) issues
licenses for dual-use items, while Directorate of Defense Trade Controls (DDTC)
issues licenses for defense-related items.
3. Find out the country of destination:
Research the country to which you plan to export your product, and determine if
there are any restrictions or embargoes in place that may affect your ability
to export.
4. Find out the Harmonized System Code,
which is also known as HS code for your product: The HS code is a standard
and universally accepted code for the products to be traded. HS code for your
product is required in order to complete the required export documentation.
5. Determine the mode of transportation:
Choose a carrier and transportation method that will best meet your needs, and
arrange for the transportation of your product. If your volume is less you can
choose airways (Air transport), but if your cargo volume is more, you should go
for Sea transport. The cost is huge in case of Air transportation mode in comparison
to Sea transportation mode.
6. Prepare export documentation: You
will need to prepare several documents, such as commercial invoice, packing
list, bill of lading, Certificate of origin, Fumigation certificate & Phytosanitary certificate (in case
of agro product) etc. You may also need to complete an Electronic Export
Information (EEI) filing through the Automated Export System (AES) if the value
of your shipment is above a certain threshold.
7. Obtain export financing or insurance:
Consider obtaining export financing or insurance to protect against non-payment
or other risks associated with international trade.
8. Ship your product: Once all
necessary documentation and preparations are completed, you can ship your
product to its destination. You can also read the article on cargo handling for export and import by clicking here.
This is the
general process of export of the goods from the United States of America to any
other country.
You can also check below articles:
 | How to export from USA?){kind=link}
0 Comments