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.
Justice: Hang ‘Cody’ Sun Charged with Conspiracy, Wire Fraud, Smuggling, and Arms Export Violations
Justice: Hang ‘Cody’ Sun Charged with Conspiracy, Wire Fraud, Smuggling, and Arms Export Violations
December 13, 2024/
Between January 2012 and December 2018, the defendant is alleged to have conspired to unlawfully export approximately 70 drawings containing export-controlled technical data to a company in China. This data, which required a license from the U.S. government under the Arms Export Control Act and the International Traffic in Arms Regulations, pertained to sensitive defense-related technologies. These included aviation systems, submarines, radar, tanks, mortars, missiles, infrared and thermal imaging targeting systems, and fire control systems for the U.S. Department of Defense. The drawings were proprietary to two U.S. companies, highlighting potential risks to national security and intellectual property theft.
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