Importing and exporting carries risks, but who bears those risks depends on the chosen Incoterm.  

Topics: Supply Chain Management, Incoterms, trade compliance

When I’m preparing to deliver a Risk Assessment Report, the first question clients often ask is, “What’s our compliance score?” While the intention is good, we are asking the wrong question. Numbers may not lie, but they don’t tell the whole truth, particularly in compliance – and in the gap is where good companies get into trouble.

Topics: compliance, trade compliance

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, Customs Broker, Brokerage

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, trade compliance

When companies don’t comply with trade regulations, they face fines, penalties, and potentially late delivery of their goods.

Topics: Customs Consulting, trade compliance

 

An FDA ruling put in place in 2017 seeks to ensure that all countries meet minimum food safety requirements to prevent foodborne illness.

Topics: trade compliance, FSVP

Any information that affects your freight is information that you should know. Are you aware of the proposed changes to Incoterms 2020?

Topics: Customs Consulting, Incoterms, freight, freight forwarding, trade 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.

Topics: Supply Chain Management, Customs Consulting, trade compliance

Section 301 tariffs and, to a lesser extent, Section 232 duties make it more attractive for importers to gain the system. 

Topics: Supply Chain Management, Customs Consulting, freight forwarding, trade compliance

Most importers have had at least one CF-28 or CF-29 scare. Companies that haven’t most likely will at some point, as U.S. Customs and Border Protection (CBP) cracks down on import compliance.

Topics: Supply Chain Management, Customs Consulting, CF29, freight forwarding, trade compliance

Topics: Supply Chain Management, freight forwarding, trade compliance

A specialized agency of the United Nations, the International Maritime Organization (IMO)’s mission is to “promote safe, secure, environmentally sound shipping through cooperation.” 

Topics: freight forwarding, trade compliance