Articles
Export
Received for Shipment: Definition, How It Works, and Importance
Understanding the concept of ‘Received for Shipment’ is important in the shipping industry. This notation indicates that the carrier has received the cargo at the port facility for loading onto a specific vessel or voyage.
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Delivered Duty Paid: Meaning, Importance, and Process
The international shipping process is made up of multiple methods, including order placement and fulfillment, shipment, export, import, order notification, and delivery or return. Incoterms are rules that govern the shipment of goods between countries. This allows people to ship and receive items worldwide while still meeting local and federal shipment requirements. Buyers and sellers […]
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Export Compliance: Definition, Controls, Penalties
Export compliance regulations are the rules, guidelines, and procedures that control how goods, services, and technology move across international borders. United States export controls are primarily governed and enforced by the Bureau of Industry and Security (BIS), the Directorate of Defense Trade Controls (DDTC), and the United States Treasury Department’s Office of Foreign Assets Control […]
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Russia-Ukraine Supply Chain Strain
The commodities markets are the industry category that is experiencing the greatest strain as a result of Russia’s invasion of Ukraine, according to a Dun & Bradstreet briefing report released in March 2022. The report, which assesses the global business impact of the crisis, focuses on the businesses and countries that work with Russian and […]
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The Ins & Outs of Import/Export Success
Whether they are bringing goods into the country or shipping them out, import/export professionals embrace ingenuity, grit, and hard work to stay afloat.
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What’s your best importing or exporting advice?
In order to maximize efficiencies throughout the supply chain, logistics should be viewed from 30,000 feet above and decisions should be made by considering the entire process. Imports, exports, and all modes of transportation are reliant on the connecting nodes. It’s an ecosystem where sustainability is key.
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U.S. Trade Ups and Downs
Exports and imports of goods and services in the United States decreased 12.3% to $4.9 trillion in 2020, the largest nominal decrease since 2009, according to data from the U.S. Department of Commerce. Exports decreased by 15.7% while imports decreased by 9.5%. Total trade decreased as well, representing 23.6% of gross domestic product in 2020, […]
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Imports & Exports: An Insider’s Guide to Getting it Right
Experts share best practices to ensure your cross-border commerce success.
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Great Lakes Ports Stay on Course
U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum, and wind energy components, and supporting the region’s construction activity and energy needs. Overall, St. Lawrence Seaway tonnage for the season (March 22 to September 30) reached 24.8 million metric tons, down 6% […]
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