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: Commerce Department Tightens Export Controls to Nicaragua
The Commerce Department published revisions to the EAR 3/14/2024 to increase restrictions on exports to Nicaragua. This is coming after the State Department added Nicaragua to the list of proscribed countries under ITAR. Read More
Justice: Montana Rancher Accused of Wildlife Importing and Certificate Forgery
A Montana rancher has been working for 10+ years to create giant sheep for hunting. Hunting ranches, where animals are raised and then hunted, are illegal in MT since 2000, but Schubarth’s was grandfathered in, and other states still allow…
Justice: Ford Settles Civil Penalty Claims for $365M
Ford is agreeing to pay $365M to settle civil penalty claims from CBP relating to misclassified and undervalued vehicles. Read More
Justice: Google Software Engineer Arrested for Allegedly Stealing AI Secrets for Sale to Chinese Companies
A Chinese national who was employed as a software engineer at Google was stealing Google’s proprietary information on AI. He transferred it to his personal account, and planned to sell it to PRC-based companies. He was arrested in Newark. The…
BIS: Proposed Rule Making for Connected Vehicles, Prioritizing National Security Amid China Concerns
BIS announced the Advanced Notice of Proposed Rule Making that they are considering implemented regarding connected vehicles. This is a priority for the current administration, especially as it relates to China. Read More
USTR: February Report Highlights US Intent to Preserve Trade Ties with China
The February report from the USTR on trade relations with China states that the US wants to maintain its trade relationship with China, and that Beijing has been moving to sever it. The report reiterates that China continues to not…
BIS: Commerce Department Takes Swift Action
Commerce issued a press release on the additional entities (900+!) that they’re adding to the Entity List for supporting the war effort on behalf of Russia, updated the high priority items list, and released a business advisory for doing business…
CSMS: CBP Expands Global Business Identifier
CBP is expanding their Global Business Identifier (GBI) testing, and they’re letting more people participate! Participation requests and questions can be directed to GBI@cbp.dhs.gov. To learn more about the GBI Test, please visit the GBI webpage. Read More
CSMS: CBP Unveils Insights in December Webinar
CBP has posted their December webinar on the 2024 Triennial Status Report and Annual Permit User Fee. Links to the recording and slide deck are in the TSR information on the Customs Brokers webpage. Read More
Justice: Russian-Canadian National Pleads Guilty in Money Laundering Scheme
A Russian-Canadian national conspired to launder money to send UAV components to sanctioned RU entities. The items shipped, and were found in RU weapon platforms in Ukraine. She plead guilty. Read More
Justice: Aircraft Formerly Owned by Iranian Airline Returns to US
The Boeing aircraft previously owned by an Iranian airline has been returned to the US via Argentina. Read More
Justice: Dual US-Taiwan Citizen Pleads Guilty to Conspiring in Covert Arms Export to Iran
A dual US-Taiwan citizen just pled guilty to a conspiracy charge for exporting defense articles to Iran. In 2002 and 2003 there was a sting operation on purchasing antennas to go to Iran, and other defense articles. The defendant went…