Exporting is not just about knowing your consignments properly, but also the laws of the destination country. While most first-timers are not exactly prepared for any last-minute problems, having a prior knowledge of the clearance process is extremely important, so as to avoid heavy penalties and indefinite delays.
But when it comes to knowing the legal aspects related to export, you don’t always need the help of an attorney. Doing some research on your own is enough to not get stuck with significant legal compliance.
Let’s take a look at a few legal issues concerning export:
1. Export license
Most people are unaware of the laws that require an export license, which leads to unexpected delays and huge amounts of fines. Laws and regulations differ from country to country. Which is why, it is expected of every shipper to know the requirements and laws of the destination country. For this purpose, you need to know which products require an export license and which don’t. Since governments impose sanctions on various products from time to time, getting in touch with their appropriate departments can help you get an idea of such export licenses.
2. Legal environments
Most first-timers fail to learn of the legal environments of the destination country and end up paying a hefty sum. Finding out how the legal environments are in your customer’s country is yet another significant aspect while exporting goods. Try to find out payment or credit terms methods used in the country. Further, while trying to learn the laws of those countries, also try to figure out whether your rights can be enforced as a shipper. You can also find out the credit score of your customers by creating a friendly relationship with them. Although the laws of the countries differ significantly, one must always be prepared in every aspect.
3. Intellectual property rights
While planning your export, check whether you’re susceptible to any intellectual property issues. While some countries offer automatic application of copyright, you need to look out for countries that don’t and what is the procedure to do so. Failure to enforce your IP rights can cause heavy losses. So, before you enter into any contract, make sure your rights are protected.
If you’re new to the field, it is always recommended that you hire a broker for dealing with major issues involved in export and customs clearance and draft a contract that is strong enough to protect your rights as a shipper. Clearit USA customs clearance is all about a smooth and hassle-free online experience.