FCA vs EXW
FCA and EXW form part of Incoterms® 2020. Both these terms are very similar. Both of these terms can be used for any mode of transport. However, there are some…
Effective Compliance Training
Compliance training for the larger organization is an essential part of any compliance department's scope of work. Having colleagues throughout the supply chain who are familiar with concepts such as…
What do trade compliance managers do?
Over the past decade, Trade compliance professional jobs have undoubtedly increased all over the world. In each country and in company, these roles have been designed to address immediate needs…
Harmonized Tariff Code 2019?
The HTS or Harmonized Tariff Nomenclature is updated by the World Customs Organization every 5 to 6 years. This is not a mandatory review time frame. The latest version of…
Shipping EXW Incoterms 2020
EXW Incoterms 2020 : A Few Quick Points Ex Works (EXW) Incoterms can be used for all modes of transport and even when there are multiple modes of transport involved…
Shipping DAP Incoterms 2020
DAP Incoterms 2020 : A Few Quick Points Delivered At Place (DAP) Incoterms can be used for all modes of transport and even when there are multiple modes of transport…
Shipping CIF Incoterms 2020
CIF Incoterms 2020 : A Few Quick Points Cost Insurance and Freight (CIF) Incoterms can be used for sea transport, including inland waterway Risk transfers from seller to buyer when…
Shipping FCA Incoterms 2020
FCA Incoterms 2020 : A Few Quick Points Free Carrier (FCA) Incoterms can be used for all modes of transport. Risk transfers from seller to buyer when the carrier collects…
Customs Invoice
One question that often comes up in supply chain operations is: “What is the invoice format required by Customs?” The Customs invoice is an important document used in any supply…
