Legal Definitions - export declaration

An export declaration is a document that is required by federal law and contains details of an export shipment. It is used to declare the goods being exported and their value, as well as the destination country and any applicable export licenses or permits.

When a company in the United States wants to export a shipment of goods to another country, they must fill out an export declaration and submit it to the appropriate government agency. This document helps ensure that the export is legal and that all necessary regulations are being followed.

The Export-Import Bank of the United States is a federally chartered bank that provides financing for the export of goods and services. It does this by offering direct loans or by issuing guarantees and insurance to private banks so that they can extend credit to exporters.

Suppose a small business in the United States wants to export a shipment of products to a foreign country but does not have the necessary funds to do so. They could apply for a loan from the Export-Import Bank of the United States, which would provide the financing needed to complete the export transaction.