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Exporting Basics: Know Your Responsibilities


It doesn’t matter if you are an experienced exporter or if the only overseas business you do is from the occasional inquiry from another country: Knowing your responsibilities as an exporter can save you from making costly mistakes. 
While there are many duties and responsibilities to discuss, here are a few worth noting as we start the new year.

Do you have a domestic client that takes care of exporting your products to other countries? What do you do if a foreign buyer says they’re taking care of logistics and paperwork for you? Do you think your freight forwarder is legally responsible if any export mistakes arise? Export compliance can get complicated, but you can save yourself a lot of trouble by understanding what a principal party is and what’s expected of them.

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