Picking mistakes can cost a business dearly. They represent a cost in terms of productivity if yours is an e-commerce business that sells its items online. Think about the damage…
What does FCA in shipping terms mean? FCA refers to one of the 11 Incoterms® 2020. This Incoterm can be used for any mode of transport. There are 2 main…
When it comes to international supply chain and transportation, the term dangerous goods takes a very specific meaning. Many items that are considered dangerous goods are items that we use…
When it comes to letters of credit, you cannot avoid the term UCP600. UCP stands for the "Uniform Customs and Practice for Documentary Credits". This document lays out a set…
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…
Ex-Factory pricing is a term you might come across while doing business with overseas partners and customers. We will also look at the difference between Ex-Works and Ex-Factory. Both of…
What factors are important to decide the best inventory management software system for small businesses? Many of us are familiar with the big names in inventory management software. However, these…
The unprecedented events of 2020 forced many of us to radically adapt our personal and professional life to a new reality. While the economic and social impacts of the pandemic…
The warehouse is an important operational center for any company. In the warehouse, there must be accurate control of goods movement and robust security systems. Most companies already have some…
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…
Let's look at how to do HS classification for hand sanitizers. For this case study, we shall make a few assumptions such as: The product is manufactured in Singapore The…
This is an HS Classification case study. We will look at how the HS code for a cytology brush is determined. This product is manufactured in the United States of…
