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.
DOD: 70 Imported Items Could Lose Exemptions to Boost Domestic Production
DOD: 70 Imported Items Could Lose Exemptions to Boost Domestic Production
October 30, 2024/
The Department of Defense put out a proposed rule that is available for comment until 12/23/2024 amending the list of domestically nonavailable articles under Buy American. Federal contractors are often subject to Buy American rules that require a certain percentage of the materials they use be US-origin. There is a list of items that don't have domestic production, allowing the contractors to still be in compliance if they purchase those materials from foreign manufacturers. This rule is put out by DoD, the General Services Administration, and NASA. They're looking to take 70 of the 109 articles on that list off of the list, and to amend the process for putting articles on the list. They're proposing this as a "general reset" of the list as a means of encouraging market research and telling the domestic industry to start producing.
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