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: Quantum Corporation Fined $150,000 for Antiboycott Violations
BIS: Quantum Corporation Fined $150,000 for Antiboycott Violations
October 1, 2024/
Bureau of Industry and Security has imposed a civil penalty of ~$150,000 on Quantum Corporation for alleged violations of antiboycott provisions of the EAR. Quantum is a data storage, management, and protection company that received requests from a UAE distributor to refrain from importing Israeli goods into the UAE to fulfill their purchase orders. Quantum didn't report that request to BIS.
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