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: Wisconsin Companies Pay Over $10 Million to Settle Whistleblower Allegations of False Claims Act Violations for Undervaluing Chinese Imports
Justice: Wisconsin Companies Pay Over $10 Million to Settle Whistleblower Allegations of False Claims Act Violations for Undervaluing Chinese Imports
August 27, 2024/
Precision Cable Assemblies, Global Engineered Products, and their principals paid >$10 million to resolve a whistleblower suit under the False Claims Act. This is due to failure to pay duties on goods imported from China. These companies are Wisconsin corps who allegedly submitted false commercial invoices that undervalued the imported goods from 2016-2021.
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