Like trying to find your way through a gargantuan hedge maze, navigating the labyrinth of U.S. Customs rules for importers/exporters can feel overwhelming. Yet the tantalizing promise of increased revenue from international trade continues to drive small business owners to try their hand at understanding the rules – or getting around them.
Though we, as a company, do not engage in overseas data processing – mostly based on principle – there are many companies in the Canadian brokerage industry that certainly do, and we would be remiss not to address this growing trend in our business. Let's discuss the actual reasoning behind overseas data processing (though it should be obvious as to why it happens so much in our industry), as well as go over the advantages and disadvantages of the practice.
They're not legal terminology, so why should you care about using Incoterms?
The simple answer is: No. It's not just you.
Logistics providers have the same difficulty in communication as any other intensely regulated industry: no one outside their industry has a clue what people are saying.
Are you ANSI about the COGS in DC being DOA? What are they EFTA? There oughta be a PACT to close the GAAP because IFTA situation goes on, I'm going to POP with a lot of SaaS.
And you thought the fact that you can hold entire conversations at work without using any actual words wasn't funny!