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…

Continue Reading Chart of Incoterms 2020

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…

Continue Reading 2020 Incoterms DAP

What does a Customs broker do?

Eagerly attempting to participate in international trade is one thing, meeting the regulations and requirements is another!  As an exporter or importer, you would want your goods to be cleared…

Continue Reading What does a Customs broker do?

How to look up HS tariff code

We have published several guides about doing HS classification using WCO's classification rules and we always urge traders to classify their products following these rules. Nonetheless, WCO's General Rules for…

Continue Reading How to look up HS tariff code

What is a telex release?

There are cases where the shipper or exporter surrenders their original bills of lading at the load port. In such a scenario, a telex release could come into play. After…

Continue Reading What is a telex release?

SOLAS and VGM

As a shipper, it is your responsibility to provide the carrier with a precise and authentic total weight of the container to be shipped. It is no secret that many…

Continue Reading SOLAS and VGM

Routed Export Transactions

Routed export transactions International trade comes with a whole lot of abbreviations and terms. Among all that, is the routed export transaction. What does a routed export transaction mean? Well,…

Continue Reading Routed Export Transactions

What does GSP stand for?

GSP, which is short for Generalized System of Preference is a program formulated with the aim of encouraging economic security in developing countries all through the world. Beneficiary countries, like…

Continue Reading What does GSP stand for?

Deemed Exports

What does "Deemed Export" mean? Export of technology and intangible components from one country to another or within the United States is possible. Under the EAR, deemed exports refer to…

Continue Reading Deemed Exports

Certificate of Free Sale

Several nations around the world require manufacturers to submit a Certificate of Free Sale, which is also known as “Certificate to Foreign Governments” or “Certificate for Export”. This certificate of…

Continue Reading Certificate of Free Sale