What they mean and how to pick one. Incoterms® were established by the International Chamber of Commerce (ICC) in 1921 and have become a crucial element in global trade, defining the responsibilities of buyers and sellers in international transactions. In this webinar, we’ll provide a high-level overview of Incoterms®, delve into their complexities, and simplify their application in various trade scenarios. You’ll gain a clear understanding of how to use Incoterms® to allocate risks and costs effectively, ensuring smoother international transactions.
Trade News
CSMS: Registration Open for 2025 TFCS Summit
The U.S. Customs and Border Protection (CBP) will host the 2025 Trade Facilitation and Cargo Security (TFCS) Summit on May 6-8. This year’s theme, “Trade for Strength,” focuses on securing supply chains and reshoring prosperity. A networking session on May…
CSMS: CBP’s Approved Customs Brokers List
CBP has a list of permitted customs brokers available on their site. They update it from the ACE National Permit record. If it’s wrong, make sure that brokers update their data there (also that’s the law under 19 CFR 111.30(a)!…
Justice: U.S. Seizes Smuggled Dassault Falcon Tied to Venezuela
The US filed a civil forfeiture complaint in Florida against a Dassault Falcon 900 EX aircraft that was smuggled from the US and operated by a Venezuelan blocked party. Read More
CSMS: Verify Your Customs Broker’s Listing on CBP’s Official Site
CBP has a list of permitted customs brokers available on their site. They update it from the ACE National Permit record. If it’s wrong, make sure that brokers update their data there (also that’s the law under 19 CFR 111.30(a)!…
Canada’s Dairy Protections Spark Trade Debate Amid U.S. Export Surplus
Trump has criticized Canada’s supply management system, which limits dairy imports and maintains stable prices for Canadian farmers, arguing that it unfairly disadvantages American dairy producers. Meanwhile, Canada defends the system as essential for protecting its agricultural sector and ensuring…
House Committee Seeks Briefing on National Security Risks in University Supercomputers
U.S. lawmakers are seeking a briefing from the Bureau of Industry and Security on the risk of PRC nationals accessing university supercomputers powered by export-controlled chips. Concerns center on PRC-linked entities bypassing restrictions to advance China’s military and technological capabilities,…
DOJ: Federal Register Notice Outlines DOGE Workforce Cuts, Hiring Limits, and Potential Slowdowns
Here’s the Federal Register notice about how the DOGE Workforce Optimization Initiative is supposed to be initiated. I expect that most functions we work with will slow down. Each agency is allowed to hire no more than one person per…
DOJ: Ohio Company and Employees Charged for Illegally Exporting Aircraft Parts to Russia
An Ohio company and three of its employees (one Ohio, two Florida) are being charged with violations of export restrictions on Russia. They are part of an American subsidiary of a Russian aircraft parts supplier. In 2022 the company signed…
CBP: Updated Guidance on China Import Duties and De Minimis Exemptions
CBP has released updated guidance following the amended Executive Order on February 5, 2025, imposing additional duties on Chinese imports. The de minimis exemption remains available for certain articles under heading 9903.01.20 but is not retroactive. CBP will not refund…
DOJ: Dominican Authorities Seize Aircraft Linked to Sanctioned Venezuelan Company at U.S. Request
Dominican authorities, at the request of the U.S. government, have seized a Dassault Falcon 2000EX aircraft used by Venezuela’s state-owned oil company, PdVSA, for violating U.S. export and sanctions laws. The aircraft, which had been serviced and maintained with American-made…
Potential Mexican and Canadian Tariffs: Top-Line Insights & How Businesses Can Adapt
In the intricate realm of international trade, importers shoulder the responsibility of ensuring compliance with a plethora of regulations enforced by U.S. Customs and Border Protection (CBP). Central to this obligation is the concept of exercising “reasonable care.” Here I’ll explore the significance of reasonable care for importers, its role in import compliance, and strategies for implementation.
CBP: 30-Day Tariff Pause Delays Potential Trade Disruptions with Canada and Mexico
The U.S. has implemented a 30-day pause on proposed tariffs against Canada and Mexico, postponing the original February 4 deadline. The new deadline is now set for Thursday, March 6. The temporary delay offers additional time for negotiations and discussions…