Being a beginner into the Export and Import business and doing business without help can be confusing, but luckily, there is a system, which can help to simplify matters and that system is known as Incoterms. Incoterm (International Commercial Terms) is a trading agreement rule adopted by parties of different countries, for make agreements as… Read More »
In the haste to ship the product at its earliest, exporters often, neglect to convey particular instructions to their respective forwarders. This resulting into a disaster/ mess. In order to avoid the error, it is very much important to adopt Shipper’s Letter of Instruction (SLI) norms. Shipper’s Letter of Instruction is an optional document that… Read More »
When the exporter realizes that something has been overlooked while the goods are being delivered at the destination, it can be considered as a costliest mishap. They made a mistake, the deal was structured incorrectly, or responsibility was overlooked. It is important not to overlook the rules and regulations that may be imposed by… Read More »
In the year 2018, the only crucial issue that went through global economies was trade war between the United States and China. Soybean shipments plummeted amid the escalating trade tensions between the world’s two largest economies, which resulted into 11.3 percent decrease in Soybean exports. USDA’s Federal Grain Inspection Service reveals that through the first seven… Read More »
As per the U.S. Bureau of Industry and Security (BIS), re-export means the transmission or shipment of an item subject to Export Administration Regulations (EAR) from one country to another country. Re-export occurs when there is a ‘release’ of software or technology subject to EAR in one country to another foreign country. In simple words,… Read More »