Importing and exporting carries risks, but who bears those risks depends on the chosen Incoterm.
Topics: Supply Chain Management, Incoterms, incoterms 2020, import compliance
Beyond the Dollar: How to Compare Customs Brokers
Importers might aptly view a Customs broker as a trusted partner for Customs entry filing, but a broker’s job is also to help safeguard importers against delays, fines, and penalties due to errors or regulatory violations.
Topics: trade compliance, import compliance, Customs Broker, Brokerage
Why Trade Compliance Should be a Priority for Your Company
US businesses that actively source raw materials, components, or finished goods from other countries must understand—and adhere to—the trade regulations for every country involved in their supply chain. Failure to do so can lead to fines and severe penalties.
Topics: Supply Chain Management, Customs Consulting, International Trade Compliance & Enforcement, trade compliance, import compliance, shipping compliance
3 Pillars of Import Compliance Risk Management
When companies don’t comply with trade regulations, they face fines, penalties, and potentially late delivery of their goods.
Topics: Customs Consulting, International Trade Compliance & Enforcement, trade compliance, import compliance, shipping compliance