What is UCP600?

When it comes to understanding letters of credit, you have to also understand the term UCP600. UCP stands for the "Uniform Customs and Practice for Documentary Credits". This is a…

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Can I outsource HS classification?

What is HS classification? HS Classification refers to the process of assigning a tariff code to a product. This is a series of alphanumeric characters that describe a product to…

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What is Ex Factory Price?

Ex-Factory pricing is a term you might come across while doing business with overseas partners and customers. Ex-Works is also a term you might come across in a similar setting.…

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How can technology help logistics?

The unprecedented events of 2020 forced many of us to radically adapt our personal and professional life to a new reality. At the same time, the economic and social impacts…

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International Trade Compliance Certification

Certifications for Trade Compliance professionals Many Global Trade Compliance professionals complain that there are insufficient certifications and courses available that are relevant to the industry. Specifically, no widely recognized International…

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Types of letters of credit?

The letter of credit is a payment tool that can be used to finance both domestic and international purchases. There are many different types of letters of credit. What is…

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Can Trade Compliance be outsourced?

What is trade compliance? In the supply chain and logistics industry, "trade compliance" usually refers to the governance processes that cover HS classification, export controls, Customs valuation, import and export…

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Tips to safely store materials in a warehouse

Almost every manufacturing site will need to store materials. The infrastructural requirements for safe storage could differ depending on the technical properties of the materials. Other factors that can affect…

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