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 Contract of Agreement with a Pen

 

In this section we take you through things to think about when it comes to pricing, managing customs compliance and logistics. Getting the goods to your customer and having the right paperwork is a crucial step in your exporting journey.  

 

Pricing - what costs should I include?
 
Managing Customs Compliance
 
Methods of Payment
Pricing
 

Customs forms

  Methods of payment

One of the most crucial decisions to be made when setting up an export channel is, of course, the pricing of your products. This isn't a simple task.

 

Complying with customs regulations, UK and overseas, is of course a necessity, and one which requires care and attention, but shouldn't be a nightmare.

 

To select the best payment method, it can be helpful to think in terms of the risk involved. Your relationship with the buyer may also determine the method used.

 

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Export controlled & licensed products
 
An overview of Cargo Insurance
 
Packing List Template

Export controls

  cargo vessel on fire
  Packing Crates

An export controlled or licensed product is one that requires an export licence to bring them in and out of the UK. It's vital you are aware of your responsibilities.

 

 

Easy to forget but vital to remember. Cargo insurance is among the types of insurance that you need to consider when sending your product out for export.

 

 

A packing list is the only way in which a consignment can be cleared for entry into a new market and shows customs officers what is supposed to be in each carton. 

 

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Focus on TARIC - a buzzword for customs professionals in the EU
 
AEO - what is it and could your business benefit?
 
VIDEO: Managing currency risk in international trade
Screenshot of the TARIC database
  Customs official
  Downwards Arrow

TARIC is complex - like anything in the EU, TARIC is mysterious - there are so many hidden secrets for you to discover and yet it is still only a database!

 

  Internationally recognised as a mark of quality, an Authorised Economic Operator (AEO) certificate effectively demonstrates that your role within the international supply chain is secure.  

Kevin Shakespeare, Director of Education at the Institute, gives an overview of working in different currencies and managing exchange rate risk in international trade. 

 

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An exporter's guide to complying with the Bribery Act
       
money passing between business men        

For any UK business looking to do business internationally, it is important to understand what your obligations are to comply with the Bribery Act 2010.

       
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