Usually, companies do cycle counts to check inventory balances at the end of either each financial year or calendar year. This activity is fundamental in stock management. However, what does…
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…
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…
One of the documents you may need when arranging a freight shipment to export goods abroad is the shipper's letter of instructions. This document can be considered as a transport…
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…
What is the Singapore HS code of a product? All products being imported to and exported from Singapore need to be declared to Singapore Customs. In order to make the…
General average clause in shipping industry The general average concept in shipping deals with losses arising during ocean transport that need to be shared between all cargo owners shipping on…
What is volumetric weight? The volumetric weight can also be called volume weight. It represents the weight of a package and its dimensions. Courier/Parcel companies often use volumetric weight and…
What is a packing slip? Packing slips are commercial documents that validates the delivery of an order. In other words, it is used to confirm that you delivered a product…
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…
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…
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…
