New book offers assistance to the growing number of small companies involved in international trade
"Eagan, MN—In July 1999, a New York company was fined $900,000 by the U.S. Department of Commerce and denied its export privileges for one year for failing to properly follow U.S. export regulations. And they were not alone. Every year, the U.S. government sanctions dozens of companies for similar violations."

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For Immediate Release
Contact: David Noah, President


Eagan, MN—In July 1999, a New York company was fined $900,000 by the U.S. Department of Commerce and denied its export privileges for one year for failing to properly follow U.S. export regulations. And they were not alone. Every year, the U.S. government sanctions dozens of companies for similar violations.*

At a time when companies with less than 500 employees represent 97 percent of the growth in exporting, these companies and their employees don't fully understand the U.S. rules and laws that regulate every aspect of an international transaction. This ignorance can result in unanticipated liabilities and expenses, fines, loss of export privileges, and even imprisonment.

Help is now available. In International Small Business Logistics, Catherine J. Petersen and George W. Thompson have compiled their extensive international trade knowledge in a comprehensive reference book that teaches small and mid-size companies and their employees about international logistics.

International Small Business Logistics is an easy-to-understand guide to international transportation and the practical application of common rules and documentation. This 350-page book features chapters on managing transportation costs, properly packaging shipments, selecting and working with freight forwarders, using proper international trade terms (INCOTERMS 2000), understanding insurance options, and reviewing payment options.

The book's authors have more than 40 years combined experience in international trade. Petersen has worked as a freight forwarder and ocean carrier representative and now travels the country training export company personnel. Thompson is a partner in the Washington, D.C., office of the law firm Neville, Peterson & Williams specializing in import and export regulations and transactions.

The $99 book is published by International Business Training (IBT) and is available by calling 1-800-641-0920 or by visiting the IBT web page at www.i-b-t.net

For a list of companies sanctioned for export violations, visit the Bureau of Export Administration web site.

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