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Do I need to get an Export Licence for my shipment?

Why are some exports controlled? The U.K imposes export controls on goods shipped to foreign countries, particularly with respect to sensitive goods and their destination and intended use.  There are various reasons for having these controls in place, namely to protect human rights, prevent development of weapons of mass destruction, uphold commitments to EU and...

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Getting paid for your export shipments: Types of International Trade Payment

Making sure your business gets paid for its export shipments is usually top of the priority list for exporting companies. This is not just limited to ensuring the payment is received but also making sure it arrives as quickly and efficiently as possible, so there are no adverse effects on cash flow. Broadly speaking, there...

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Incoterms® in International Trade

Incoterms® are a very important consideration when trading on the global stage, probably more so than many exporting companies realise.  Incoterms® are very often mis-used in international trade transactions.  Devised by the International Chamber of Commerce, these globally recognised trade terms should always be incorporated in to export sales contracts to specify where responsibilities and...

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