Incoterms 2010 Revisited We previously published an Incoterms Overview - A simple detailed guide to understanding Incoterms that includes images and charts. It explains the what & why as well as the letter's for each category of Incoterms - C, F, E, & D. The timing of Incoterms 2010 -> This latest version was launched in September 2010 but went into effect on … [Read more...]
Import Document Requirements
Import Document Requirements Now that you have secured your supplier overseas, now it’s time to determine what documentation will be required to import your goods into the United States. Importing into the United States is a bit more cumbersome than exporting from the USA. The 1st thing you will need to do is determine who will file the entry documents to the US Customs … [Read more...]
Basic Information Required to Obtain a Freight Quote
Basic Information Required to Obtain a Freight Quote When gathering information to obtain an international freight quote, there are a few bits of information you will need to help the freight forwarder offer the quickest and cheapest price possible. Mode of transport How are you planning to ship your goods? Typically ocean freight is more economical (unless a shipment … [Read more...]
South Dakota ITC Presents TWO Seminars
South Dakota's International Trade Center will host two separate seminars on the same day in Sioux Falls: Incoterms® (Morning Session) - covering both the fundamentals and intricate details Letters of Credit (Afternoon Session) - providing an in-depth review of the uses and structure of letters of credit and how to manage associated costs When: Tuesday, August … [Read more...]
Why shippers should insure their cargo.
Although you thought you packed your shipment correctly, loaded it carefully on the truck or container as soon as it left your dock it was out of your control. The carrier’s goal is to deliver your cargo safely, but sometimes goods get damaged or worse - lost in transit. When this happens what are you covered for? What would a carrier be obligated to pay for a freight claim … [Read more...]