Well, I just wanted to let you all know that Santa may not be coming this year to deliver all those wonderful holiday gifts. Because of incorrect Incoterms and incomplete documentation, the gifts for all the world will have to be returned to the North Pole (at Santa's own expense).
Sometimes it is beneficial for an exporter to voluntarily self-disclose its export violations to the U.S. Government. Maybe an exportation of an item occurred without first obtaining the necessary license, or maybe the items was shipped to a company overseas other than allowed in a license. Both situations are violations of the Export Administration Regulations, and both violations could result in $250,000 penalites against the exporter. By voluntarily sefl-disclosing the violation, the exporter would reduce, and might even eliminate, such a penalty.