Blog Posts

Canadian Customs Bonds

 

 
If you are involved in the import, export, manufacturing, sales or distribution of goods in Canada, you may need a customs bond in order to move your goods across the border.
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Anticipated Freight Rate Increase

 

 
Shipping rates change for all kinds of reasons – and fast. Sometimes, it’s almost instant, going up or down overnight, from one shipment to the next.
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7 fun facts you didn't know about the shipping industry

 

 
 
Shipping is a global industry that has influenced our society since ancient times... but that most people give little thought to. It hardly seems fair to take it for granted, though, given the indispensable role it plays in our lives.
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Compliance Verification Trends Issue #3 – September 2018

 

 
The Canada Border Services Agency (CBSA) carries out regular verifications (audits) of import activities in order to ensure compliance with requirements for tariff classification, product valuation and country of origin.
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U.S. Customs bonds: Insufficient bond notices are on the rise

 
 
 
When importing commercial merchandise into the U.S. worth more than $2,500, the importer must post a customs bond. A customs bond is a contractual agreement between U.S. Customs and Border Protection (CBP), the importer of record and a surety company. The bond serves as a promise to CBP that all duties, taxes and fees due to the federal government will be paid, and that all rules and regulations will be adhered to.
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NAFTA update: September, 2018

NAFTA is again in the news as the three parties – Canada, Mexico and the U.S. – have wrapped up a series of meetings and a new agreement could finally be in sight. But only maybe.
 
Background information on this important agreement and some of the earlier developments in its renegotiation can be found in our last NAFTA update blog. Read on below for the latest.
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off·shor·ing

 

 
/äfˈSHôriNG/
noun
  • the practice of basing some of a company's processes or services overseas, so as to take advantage of lower costs.
In today’s fast-paced and ultra-connected world, many companies are offshoring aspects of their business to cut costs. This is all fine and good when those savings are passed on to you, right?
 
Or is it?
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Incoterms 2020: A Primer

 

 
What are Incoterms?
 
Published by the International Chamber of Commerce, Incoterms (short for International commercial terms) serve as standards for the uniform interpretation of common contract clauses in international trade.
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CBSA Acronyms - Part 2

 

 
Customs and acronyms – A match made in heaven?
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A new standard in quality for the pharmaceutical supply chain

 

 
The global pharmaceutical market is booming, having grown an estimated 23 percent over the past four years to its current estimated US$10.28 billion value. Shipping and handling of pharmaceutical products is a specialized process that requires care and expertise to ensure product safety and efficacy.
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