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
BIS: Chemical Weapons Convention Regulations Update
The BIS published a final rule amending the Chemical Weapons Convention Regulations (CWCR) to reduce the concentration threshold level for mixtures containing a Schedule 2A chemical. Read More
EPA: TSCA SNURs
The EPA has proposed significant new use rules (SNURs) under TSCA for certain chemical substances. Read More
COVID Product Section 301 Exclusions Extended
The COVID Product Exclusions for Section 301 duties are being extended through 5/31/2023 for 81 items, and extended through 9/30/2023 for 77 items. The HTS to be used from 6/1/2023 – 9/30/2023 is 9903.88.68. Read More
Colombia Updates the Way They Approach Customs Issues
Colombia added minimum penalty amounts, fine reductions, an audit/review committee, an overview of violations from different roles, and changes in the way that defense works. Read More
OFAC: Settlement with Danfoss
OFAC has announced their settlement with Danfoss, a Danish company that sells refrigeration and cooling products. Danfoss has agreed to pay $4,379,810 for potential civil liability related to apparent violations of the Syrian, Sudanese, and Iranian Sanctions Regulations. Read More
CBP: Merchandise Detained
CBP is detaining merchandise from Jingde Trading Ltd., Rixin Foods Ltd., and Zhejiang Sunrise Garment Group Co Ltd., beginning 12/5/2022. This is because CBP investigations show that these companies are using North Korean labor in their supply chains, in violation…
CBP: Customs Broker Guidance for the Trade Community
CBP has published version 1.1 of the Customs Broker Guidance for the Trade Community. This provides tools and information to the customs broker community. Read More
DDTC: ITAR Compliance Program Guidelines
The Directorate of Defense Trade Controls (DDTC) is publishing new ITAR Compliance Program Guidelines. These guidelines give an overview of a solid compliance program, and introduce defense trade controls. ReadMore