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.
DOJ: Ohio Company and Employees Charged for Illegally Exporting Aircraft Parts to Russia
DOJ: Ohio Company and Employees Charged for Illegally Exporting Aircraft Parts to Russia
February 21, 2025/
An Ohio company and three of its employees (one Ohio, two Florida) are being charged with violations of export restrictions on Russia. They are part of an American subsidiary of a Russian aircraft parts supplier. In 2022 the company signed documents to a supplier saying that the goods wouldn't go to Russia...and then illegal exported the part to Russia without a license. The charges are conspiracy to violate the ECRA, multiple violations of the ECRA, conspiracy to commit smuggling, and conspiracy to launder money.
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