Uncategorized

US Domestic third-party sales have little to no risk, right?

Suppose you are part of the sales, compliance, or logistics teams within a Precision Aerospace Products (PAP). In that case, there are no worries about shipping our products to third-party domestic sellers located in the United States, right?  After all, the products we are selling are staying in the U.S.    We are not exporting them …

US Domestic third-party sales have little to no risk, right? Read More »

The Importance of Reviewing Your Employees Expense Reports

If you are a supervisor and have supervisory responsibilities, it is crucial for you to understand the need and requirement to review your subordinates’ expenses and expense reports diligently. Your duty is to the Company – defined as a fiduciary responsibility. From a legal point of view, fiduciary responsibility is defined as: “An individual in …

The Importance of Reviewing Your Employees Expense Reports Read More »

Export Notice

Precision Aerospace Products is committed to full compliance with all U.S. laws and regulations and the laws of all other jurisdictions related to international trade activities. PAP’s products, software, services, and technical data (technology) are subject to export and reexport controls administered by the United States, and are subject, when applicable, to the export controls …

Export Notice Read More »

Theft of Property

I wanted to underscore the importance of protecting company assets. Generally, company assets include physical assets as well as commercial or technical information that is used in business and offers an advantage over competitors who do not know or use such information. For example, a trade secret may be a formula for a chemical compound, …

Theft of Property Read More »

End User Statements – Too Much or Too Little?

Export violations, even accidental ones can have significant reputational and financial consequences. If a Company is serious about upholding high compliance standards, they will generally do whatever it takes to stay on the right side of the law. Sometimes, though, it can be too much. How you can possibly be too compliant? After all, more …

End User Statements – Too Much or Too Little? Read More »