Exporting Best Practices Essay Example | Topics and Well Written Essays - 500 words

Exporting Best Practices - Essay Example These are reactors capable of operating in order to sustain a managed, self-sustaining fission sequence reaction, and components and equipment specifically designed for use in relation with a nuclear reactor. Computers are another category of dual use commodities. Items included are high performance computers and specifically designed associated equipment, electronic assemblies and parts. These computers may include systolic array computers, optical computers and neural computers, digital computers and analog computers (Bureau of Industry and Security, 2012). The most excellent way of incorporating best exporting practices within the company and in association with freight forwarders would be to adopt and practice the best exporting practices, as outlined by the BIS. The following are the best exporting practices of dual use commodities subject to Export Administration Regulations. These practices will enable the exporter to manage the exports of nuclear reactors and computers. First, the company will pay keen attention to the Red Flags Indicators. The exporter will communicate these red flags throughout the company, to freight forwarders and foreign affiliates (Gustavus, 2012). The information will be communicated when the exporter rejects an order placed by a foreign client on the basis of red flags. The information will also be communicated, when a freight forwarder abruptly declines to offer export services, after obtaining information that the commodities for exports are subject to United States export regulations. The exporter and its foreigner partners will seek to use only those freight forwarders, which administer excellent export administration and acquiescence programs. The company will obtain detailed information in order to know their clients, especially foreign customers. The information will enable the company to evaluate the risk of diversion and involvement in a forbidden transaction. This information will enable the company to