Customs compliance obligations have to be met when importing and exporting goods to ensure that the documentation related to the accompanying goods is generated in adherence with the legislation of the importing and exporting countries.
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Get your import & export processes right by understanding the key elements of Incoterms, Ex Works (EXW), common mistakes & best practices.
A prolonged drought beginning last year has led to a 36% reduction in ship crossings at the Panama Canal, a crucial global trade passage. Panama’s authorities announced on Wednesday that… read more →
When the destination place is a terminal and the buyer is to collect the goods, then they will require a transport document showing them as the consignee/notify party.
Maersk announced a temporary halt on Friday to all container shipments through the Red Sea. This decision was soon followed by Swiss-based MSC and French shipping group CMA CGM on Saturday.
In collaboration with the Ukrainian government, Ukreximbank, Ukrgasbank, and DZ Bank, Marsh McLennan has announced Unity, a new insurance facility designed to offer cost-effective insurance for exporting grain and other… read more →
Today, the ICC DSI released their 2023 Key Trade Documents and Data Elements (KTDDE) report. The report outlines 14 key trade documents, going into depth on the definitions, purpose, and legal frameworks.
Shipping containers are vital for shipping lines, which are availed to shippers (importers, exporters, customs agents, and freight forwarders) for safe and secure transportation of goods.
A.P. Moller-Maersk, a shipping conglomerate, issued a warning on Friday that the worldwide demand for ocean freight containers might see a sharper fall this year, owing to restrained economic expansion… read more →