Client Question: I’ve been told to avoid using EXW: why is this a problem term? Answer: The current version of Incoterms rules carries this notice in the Explanatory Notes to EXW – “…With delivery happening … within the seller’s jurisdiction or within the same Customs Union, there is no
In a bold move to counter growing Chinese influence in a critical global trade artery, the United States has announced a significant expansion of its security partnership with Panama, focused squarely on the Panama Canal. Read also: Do Viable Alternatives to the Panama Canal Exist? During a joint press
By Kristine Kelleher By now, we have all seen the updates to the Boycott Requester List from the Department of Commerce’s Bureau of Industry and Security (BIS), with the most recent update on April 3, 2025. This blog aims to address the fundamental question: What exactly is this list,
A typical export process includes the use of both the proforma and commercial invoices (they're among the 12 most common export documents exporters need to understand and two of the dozens of documents you can complete using Shipping Solutions). Shippers who don’t know better may think the two forms
Oklahoma's economy, driven by agriculture, energy, and a growing tech sector, is well-positioned for growth. However, many companies don’t realize the opportunities exporting can provide. Exporting is often overlooked by businesses (particularly small businesses) due to uncertainties and the unknown. By venturing into international markets, Oklahoma businesses can unlock
Incoterms 2020 rules are the latest revision of international terms of trade published by the International Chamber of Commerce (ICC). They are recognized as the authoritative text for determining how costs and risks are allocated to parties conducting international transactions. Incoterms 2020 rules outline whether the seller or the
The global shipping industry is on the brink of a historic transformation as the United Nations’ International Maritime Organization (IMO) holds pivotal talks this week in London to hammer out binding regulations aimed at cutting the sector’s climate impact. Read also: Port of Long Beach Launches $57M Green Tech
Reading Time: 3 minutesAchieving digitization seems a critical element in hastening new phases of business growth. B2B marketplaces represent an important weapon in today’s trade arsenal in the hands of importers working towards reliable sources for suppliers or exporters looking out for new markets. Welcome to a land where
Reading Time: 4 minutesIf you’re in the import-export business in India, you must know that trading involves much more than simply picking up goods from point A and dropping them at point B. It involves precise timing, global compliance, and ensuring everything runs like clockwork. And, the year 2025
Recent changes in U.S. trade policy, including the imposition of new tariffs and the suspension of the de minimis exemption, have significant implications for supply chain and procurement professionals. Understanding these impacts is crucial for navigating the evolving landscape. Read also: Statement from the Supply Chain Federation on the
