Importing and exporting carries risks, but who bears those risks depends on the chosen Incoterm.
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Topics: Supply Chain Management, Incoterms, incoterms 2020, import compliance
Are there calm waters or rolling waves ahead for shippers in Q3 and Q4 ocean freight markets?
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Supply Chain Management is a key piece to any business that produces and imports goods.
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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.
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Topics: Supply Chain Management, Customs Consulting, International Trade Compliance & Enforcement, trade compliance, import compliance, shipping compliance
Correctly classifying merchandise or products for import involves a sea of rules that govern import classifications.
These rules are often confusing and unclear, and doing this incorrectly can come at a hefty price. Binding rulings help clear up any confusion by providing classification and duty rates in advance.
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Topics: Supply Chain Management, Customs Consulting, International Trade Compliance & Enforcement, binding rulings
