CBSA Acronyms - Part 3
Every industry has its jargon and insider-speak. Shipping and logistics is no different. Thankfully, when you get bogged down in letters that just don’t add up, help is at hand – your friendly Cole customs broker will gladly field your questions; CBSA’s “frequently used” acronym list with definitions is online, and.
Safe Food for Canadians Act and Regulations: The Nitty Gritty
The Safe Food for Canadians Act and Regulations (SFCR) will come into effect on January 15th, 2019. We reviewed some of the details of SFCR in a previous blog post, but you may still have questions, like… “Will the new regulations come into effect all at once?” “Will these changes affect my small business?” “Do the.
General Average – Are you covered?
When you ship by sea, cargo insurance is a must. Even if your shipment seems indestructible… isn’t travelling far… or isn’t very valuable, insuring oceangoing goods is always recommended. Without insurance, you could be on the hook for a significant charge if a General Average is declared.
Duty relief: Don’t miss a chance to save
What is duty? Duty is a tax paid to the customs authority of the country into which goods are being imported. The amount of duty is usually calculated based on the value of the goods – but can also vary depending on other factors such as quotas, timing, quantity and country of origin.
SWI – the Single Window Initiative Update
The Single Window Initiative (SWI) is a federal government process for collecting information on imports into Canada. Rather than submitting information individually to different government agencies, as in the past, the single window initiative allows importers to provide all required information on imported goods in.
Classifying goods for trade – What’s the deal?
Proper tariff classification is the foundation of import and export trade compliance. The Harmonized Commodity Description and Coding System (usually shortened to Harmonized System, or just HS) is the internationally standardized system of classifying traded products. It is applied by over 180 countries and.
Understanding Customs Compliance
Customs compliance… It sounds important, doesn’t it? Well, it sure is! You’ve certainly heard of customs compliance, but do you fully understand what’s involved?
