Export-Import Procedures and Documentation

A major difference between domestic and international operations is the greater complexity of the latter. Exporting and importing goods is not as straightforward as buying and selling at home.

• Because foreign-trade transactions involve the movement of goods across national frontiers and the use of foreign exchange, a number of formalities must be completed before goods leave one country and enter another.
• These formalities cover licensing, inspection, customs clearance, shipment, insurance, and the preparation of many documents. …