Amber Stellingwerf

Any reexport or transfer of an item under License Exception STA without obtaining and maintaining a prior consignee statement is a violation of the EAR. BIS routinely conducts end-use checks on items authorized for export under STA and will request the foreign party to produce a copy of a prior consignee statement if the item was subsequently reexported or transferred under License Exception STA. If the foreign party cannot provide such documentation, the foreign person may be subject to BIS enforcement action.

Freight forwarders are the entities assisting for all transport, LR, from door to destination place and Custom brokers are the entities assisting in the lodgement of our Documents to the Custom Office and getting it cleared. Both entities many times are one. Freight forwarding and then customs clearance are the linked segment in supply and export/Import chain.

Hi Sarah. Trade is a two-way business. When two countries are both strong in manufacturing and can have equal trade benefits, trade barriers won't be set up. However, not each country can compete with others. When countries or governments think international trade will hurts some of their internal industries, they will take measures of protectionism in order to avoid external competitiveness and protect domestic markets. The scheme cannot be long-time plan because trade barriers will eventually make countries isolated by global markets and lose more opportunities of developing. Those countries will enter a negative circle in trade.

Proof of funds (POF) refers to a document that signifies a person or an entity has the capability and funds accessible for a specific transaction.A POF is commonly used when initiating commercial transactions between parties who do not know each other. The purchaser's bank produces evidence in a standard format that their client is good for a transaction up to the decided value, based on certain items, etc. Usually, such letters have to be produced/verified/confirmed by a class A international bank, as local banks do not have the status required by counter-party banks in other countries.

Starting an e-commerce business used to be a complex process in South Africa. Today smart technologies are spreading fast in developing countries, this gives the possibility absolutely for everyone to become an “ e-business holder”. It is very important to have a registered business, even if it is an E-Commerce one. Registering your new e-commerce business in Nigeria opens up some opportunities that are not available to ordinary unregistered businesses. For example, if your business is in the trade sphere then you could sell your goods worldwide, having all the necessary documents that meet international standards. After this, you need to find products you want to sell and also the platform you would like to work with. Better to concentrate on the platforms that are not so popular now, because there is less competition there and you could sell your products faster. One of such platforms is Export Portal, which is aiming to facilitate businesses worldwide.