Incoterms is the shorter version of International Commercial Terms. These specific terms are used throughout international commercial transactions. They are three-letter trade terms used to clearly communicate the risks, costs, and tasks associated with international transportation and the delivery of goods.
Are your goods on it?
The Canada Border Services Agency (CBSA) targets specific industries and products for extra attention at the border to ensure importers are compliant with requirements for tariff classification, product valuation and country of origin.
When you need a freight forwarder in the USA, you have plenty of options, but not all the options are the same. Finding the right partner for your needs may take some research. It's not as easy as just choosing any US freight forwarding company.
The new SWI landscape
The Single Window Initiative means several changes for importers:
Canadian importers frequently need to move American vehicles across the border. The most common scenarios for importing vehicles tend to fall into these categories:
E-commerce is a massive industry accounting for 3.5 trillion USD in sales globally in 2019—and that number is only projected to rise.
Choosing the right freight forwarder in Canada isn't always an easy task. Finding a company you're comfortable working with matters, as you want to ensure your Canadian freight forwarder will move your items quickly and safely.
End use tariff codes or conditional relief tariff items reduce or eliminate the rates of duty that would otherwise apply, provided that the conditions of relief imposed under the tariff item are satisfied.
Whether you need an international freight forwarder or a domestic freight forwarder, you will be hiring a company with a specialty in working with multiple shipping companies to move your goods from point A to point B. Sometimes, freight forwarders are referred to as the travel agents of international and domestic trade.
Maintaining a paper trail of documentation as an importer or exporter is a must. If you are audited, clear and complete records need to be at your fingertips. But, which documents need to be kept? For how long? This week, we offer you a clear guide to keeping great records.