Tag: International Trade Credit

International trade credit has come a long way from the merchant caravans and handwritten letters of early commerce. Rather than traveling extensively or waiting weeks for a response from global counterparts, today’s credit professionals are scheduling Zoom calls, sending emails and closing deals in minutes without ever leaving their office. 

Imagine paying tariffs based on a marked-up price that includes a middleman’s fees, rather than the true purchase cost. Since 1992, the First Sale Rule has helped importers avoid exactly that, allowing them to base dutiable value on the original transaction price rather than the final inflated one. But proposed legislation, the Last Sale Valuation Act, could bring that relief to an end.

The longer you work in business-to-business credit, the sooner you realize how interconnected everything is. Over the past few years, more organizations have either started operating or forming partnerships around the world. This investment has not only helped expand businesses, but it’s broadened the overall risk management perspective. 

The Certified International Credit Professional (CICP) designation signifies knowledge and professional development in global credit management and risk analysis, helping credit professionals make sound, calculated decisions. 

NACM and FCIB’s six-level Professional Certification Program serves as a continual reminder to credit professionals of the importance of growth through education. It encourages them to push boundaries, expand their expertise and elevate their roles in credit management.