Hello, my name is Ray Bowman. I have spent over 30 years in importing and exporting. I'm a certified global business professional. I'm also the director of the EDC Small Business Development Center, which is an SBA program that's funded to give free business advising services to small and medium-sized businesses. I'm also the program chair of the Southern California District Export Council, where volunteers appointed by the US Secretary of Commerce promote US exports. Additionally, I am a professor at California Lutheran University and Santa Barbara City College, teaching courses in trade finance, supply chain logistics, and international business. I also belong to a number of trade associations, including the American Association of Exporters and Importers, as well as Nazzbyt, which not only sponsors the CGBP certification but is also dedicated to providing international trade education to small and medium-sized businesses. In this lesson, we're going to give an overview of importing into the United States. While this primarily focuses on importing in the United States, many of the practices apply to other countries as well. We will cover concepts, evaluation, and classification, which can be applicable to import procedures in other countries too. The first thing we have to look at is the value. When you first start importing into the US, shipment valuation is based on FOB (Free on Board) value. This includes all the costs until the goods are loaded onto a ship, such as the cost of goods, documentation, and transportation up to the port. However, other countries may have different valuation methods. In Europe, for customs purposes, value for CIF (Cost, Insurance, Freight) is used. Therefore, it's important to check the specific valuation method in your country. In terms of incoterms, valuation is primarily based on transaction value. This means that the price paid or payable by...
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Cbp 7512 Form: What You Should Know
It is important to note that the form is used to determine the “nature” (i.e. value and “quantities”) of goods to be entered and not just the type of the goods being brought into the U.S., nor is it to be used for determining the value of any goods in transit. If you are a member of the U.S. government or would like to know more about how to use the CF 7512 form, or just how to use it, review our U.S. Customs and Border Protection, or read the CF 7733 Form 7851.  We hope you found this article informative, and if you have any questions about this article, you can contact us by using our contact form. If you preferred not to have your email address published on our website, just leave it blank, and we will not know what email address you gave us. You can also find us in IRC, on IRC.free node.
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