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*Coronavirus update (March 17th 2020): The UK government has clarified that the transition period will still end on 31 December 2020, as this is enshrined in UK law. The UK and European Commission continue to discuss alternative ways that will allow negotiations to continue, in light of guidance and developments regarding coronavirus.* The UK left...
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Along with many other export factors, the transport method you choose for your export shipments is very important. When exporting goods, the physical shipment is after all, what most people would think of first and foremost. So which transport method should you choose? Transit times compared to cost will probably be your two main considerations. ...
Read more about Export Shipments: Which transport method to use?
In international trade, using correct and compliant export documentation for shipments is vitally important. Incorrect documents can cause shipment delays and it can end up costing time and money to resolve issues that arise. The different documents used for export and import shipments to and from different countries can vary a great deal. Below, we...
Read more about Common types of export documents and their uses
In order to help with understanding the common types of Letters of Credit (L/Cs), we have put together this brief guide on the types of letters of credit. (If you’re new to L/Cs, you can also find our Beginner’s Guide here). The following details the main types of letters of credit, with a short explanation...
Read more about Letters of Credit: Common Types
If you are being paid by Letters of Credit (L/C), you are going to want to make sure you negotiate your way around the potential pitfalls of this international trade payment method and ensure everything runs smoothly. (If you’re new to L/C’s please read our Letters of Credit Beginner’s Guide). Read on for frequent mistakes and...
Read more about Letters of Credit: 10 common mistakes
When exporting and trading internationally, it is vital that the correct processes and procedures are used and the appropriate export documentation raised to ensure that all transactions are accomplished correctly and in a fully compliant manner. As an exporter, you should be able to correctly answer all the following questions otherwise you may not be...
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With the UK due to leave the EU on March 29th 2019 and as yet no exit deal agreed, BREXIT is inevitably the hot topic for discussion throughout the country. From a trade point of view, we have written this article to provide some guidance, tips and advice to importers and exporters. It contains the...
Read more about Preparing for a No Deal BREXIT
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...
Read more about Do I need to get an Export Licence for my shipment?
What is a Letter of Credit? Also commonly known as a Documentary Credit, a Letter of Credit (often abbreviated to just L/C) is a type of international trade payment means of getting paid by your customers. In short, it is a guarantee of payment given by a bank that says if you satisfy the terms, conditions and...
Read more about A Beginner’s Guide to Letters of Credit
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...
Read more about Getting paid for your export shipments: Types of International Trade Payment