Legal Question in International Law in New Jersey
Exporting goods
I am looking for some legal guidance regarding exporting motorcycles, ATV's, wave runners etc. out of the country.
Thanks!
1 Answer from Attorneys
Re: Exporting goods
If you are looking for general information on exporting, start with http://www.export.gov
As an exporter, you need to be concerned about getting paid. Payment terms across national boundaries are not what you are used to unless you are prepared to take big risks. For small transactions, Paypal works well. For larger transactions, you should have the buyer get an irrevocable letter of credit that satisfies your lawyer. Be cautious about the currency that will be used to pay and the timing of payment. You can get burned on changes in the conversion rate on credit transactions.
See also: http://info.corbettlaw.net/lawguru.htm