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…
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…
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…
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…
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.…
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…
Supply chain management can be said to have 5 attributes or components that need to be looked into to ensure sustainability and effectiveness. What are these components that define a…
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…
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…
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…
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…
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…
