What are Incoterms?

Incoterms are rules for international trade that have been developed by the International Chamber of Commerce. These rules are used in international sales contracts. The term Incoterms, comes from "international…

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HS Classification Rules

When doing international trade, all products on shipments are subject to tariff classification. In other words, it is assigned a alphanumerical code that identifies what tariffs, taxes and regulations are…

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What is a reefer?

A significant amount of cargo moves across the world in reefer containers. But what are reefer containers? What type of products or goods can they transport? Reefers are a type…

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Incoterm 2020 DAP: When is it used?

What is Incoterm® 2020 DAP? The Incoterm 2020 DAP (Delivery at Place), requires that the cargo be delivered by the seller at a place designated by the buyer. Normally this…

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How to prepare a Bill of Lading?

When you ship any item around the world, you can find yourself facing a great deal of paperwork and documentation. While you don't want to forget any of those documents…

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Global Trade Manager

What does a Global Trade Manager do? Global trade managers can also be referred to as international trade managers, compliance managers or even import/export compliance managers. The role of global…

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What is an audit trail?

What is an Audit Trail? Audit trails are documented processes through which financial, transactional, trade and/or accounting information is systematically traced back to origins. Audit trails are useful to validate…

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Importer of Record

What does it mean to be an importer of record? An importer of record is the entity that Customs will hold responsible for a shipment as it undergoes import clearance.…

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Shipping Marks

What is a shipping mark? Exporters must mark their cargo clearly before export. This helps to ensure that shipments reach their intended destination by allowing carriers and consignees to easily…

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HS code engineering

HS code engineering or tariff engineering is the term used to describe a broad set of activities undertaken to change the way a product is classified under WCO's harmonized system…

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