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…
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…
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…
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…
1. Is the use of HS codes international? HS codes are used almost globally to identify goods that are imported and exported from countries. All countries that are members of…
Containerization is one of the most common methods of transporting goods today. It involves moving the products from one point to another using shipping containers that come in a variety…
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…
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…
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,…
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…
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…
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…
