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.
CBP: New Proposed Rules for Duty-Free De Minimis Shipments Under $800
CBP: New Proposed Rules for Duty-Free De Minimis Shipments Under $800
January 22, 2025/
U.S. Customs and Border Protection (CBP) is proposing a new process for low-value shipments to enhance security and improve targeting of high-risk items, such as illicit fentanyl. The proposed changes would also introduce additional data requirements to better verify eligibility for duty- and tax-free entry of low-value shipments and bona fide gifts.
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