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.
BIS: Final Rule Issued to Restrict Sale and Import of Connected Vehicles
BIS: Final Rule Issued to Restrict Sale and Import of Connected Vehicles
January 22, 2025/
The U.S. Department of Commerce, through its Bureau of Industry and Security (BIS) and the Office of Information and Communications Technology and Services (OICTS), has finalized a measure to protect national security by restricting certain technologies from China and Russia in connected vehicles. Acknowledging that modern cars are essentially computers on wheels—equipped with cameras, microphones, and GPS tracking—the new rule aims to prevent foreign adversaries from exploiting these features to access sensitive data. U.S. Secretary of Commerce Gina Raimondo emphasized that this targeted action is crucial to safeguarding Americans’ privacy and securing the nation’s vehicle supply chains.
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