Businesses involved in the export and import industry all understand the necessity of filling out Customs Forms and Documents. These forms and documents are a key aspect in keeping borders safe, providing transparency, executing trade agreements, and the tracking of items. However, [...]
As of the beginning of October 2018, there is a new trade agreement between Canada, Mexico and the United States, which is called the USMCA Agreement (United States Mexico Canada). Highlighted below are some of the results of the agreement: Automotive [...]
What is the Harmonized Tariff Schedule? The Harmonized Tariff Schedule (HTS) is a system to classify traded goods based on their material composition, product name, and/or intended function. An important function of the HTS is to determine the rate of duty [...]
Are the goods you are importing properly marked with the country of origin? The Country of Origin Marking helps the final buyer know where a product comes from. Country of origin determines duty rates, preferential trade agreements, trade sanctions and import [...]
Importers know that there are certain requirements that cannot be overlooked when importing goods and merchandise into the United States. New importers frequently get confused with these requirements since there are many sections of information to cover. Among all the requirements, [...]
When you first arrive in the U.S., you’ll notice that one of the first things that greet you is the sight of the U.S. Customs and Border Protection (CBP). While they work with lots of partner government agencies (PGAs), the CBP [...]
When it comes to International Shipping and Logistics, choosing the right modes of transport can be a complex problem to tackle. Companies that need to transfer products from point A to point B are often challenged to maximize margins and be [...]
Incoterms are a standard set of terminology used to define key parts of freight forwarding and international commercial transactions. These pre-defined terms were created by the International Chamber of Commerce (ICC). Incoterm is a short way to say International Commercial Terms. [...]
Defining the Parties There are several different parties involved in importing goods from overseas. Katie Flanigan, Gallagher’s Import Manager and Licensed Customs Broker, gives an Import Logistics class several times a year at Denver’s World Trade Center. The first thing she [...]
Cargo insurance, sometimes referred to as freight insurance, provides a cost effective way of covering your freight for physical loss or damage to goods in transit. In the February issue of Inbound Logistics, Karen Kroll elaborates on the importance of Cargo [...]