Mastering Export Management: A Step-by-Step Process

Export Management: A Step-by-Step Process

• The exporter contacts the buyer.
• A letter of offer is sent.
• This includes a clause listing the sale and terms of payment (letter of credit, collections, and cash).
• This is returned signed by the buyer, once they accept the offer, signifying acceptance and agreement. (Proforma invoice)
• The exporter contacts their bank to instruct the terms of this business and make contact with the foreign bank.
• At the same time, an international arbitrator is defined in case of future disagreements.
• A carrier is chosen and a space reservation is made.
• Insurance must be acquired to cover the goods.
• A customs agent should be hired. The agent prepares and presents the DUS (Declaración Única de Salida) Acceptance Procedure electronically to the SNA (Servicio Nacional de Aduanas), based on documents provided by the exporter (Bill of Lading, Air Waybill, Mandates, etc.).
• The DUS is presented to the SNA, which is numbered and dated, with the respective firm that legalized it. The DUS is the document through which the office certifies the legal output of goods abroad.
• Once the DUS is accepted, it permits the entry of the goods to the premises of the customs warehouse (Primary Jurisdiction Zone Customs) and the goods must be shipped within 25 calendar days from the date of acceptance for processing of the DUS.
• The broker must certify the shipment of these in case of maritime or air traffic, and the Customs Service if by land.

* If the output SPD has been drawn to "Renowned physicist" or "physical inspection", goods are examined by the Customs Inspector and may take samples of products.

• The carrier issues the bill of lading or airway bill, with proof of loading.
• The Customs Agent sends copies to the exporter, who, along with other documents, initiates action to collect on exports in the commercial bank.
• The exporter delivers the shipping documents to the Commercial Bank for review and if they are not the subject of comments or objections, it proceeds to make payments or credits that apply.

* According to the provisions of the Central Bank, exporters must return a currency for export, as well as settlement currency returned to the country of export product. Companies that had exports made in an amount not less than U.S. $5 million in the previous calendar year are required to report on export returns.