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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CIF Incoterms

What does CIF mean in international trade? CIF stands for Cost Insurance and Freight. It is included in Incoterms® 2020 and one of the most important terms to ever be…

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ASEAN Customs Declaration Document

The ASEAN Single Window refers to the enterprise platform that integrates all the National Single Windows (NSWs) of member states. This network allows for the flow of information via electronic…

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Air freight Incoterms 2020

AIRFREIGHT INCOTERMS Incoterms is short for international commercial terms that are reference all over the world when doing cross border trade. These terms define the liabilities, responsibilities and cost allocation…

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Chart of Incoterms 2020

We have published extensive materials including Incoterms charts to help traders understand Incoterms® 2020. However, the topic can still be very daunting and seemingly complex to many, as the rules…

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2020 Incoterms DAP

What is DAP in Incoterms? DAP stands for Delivered at Place. This Incoterm can be used for shipments moving on any mode of transport. On sales contracts the named place…

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