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Incoterms 2020 rules are the latest revision of international trade terms published by the International Chamber of Commerce (ICC). They are recognized as the authoritative text for determining how costs and risks are allocated to the parties conducting international transactions. Incoterms 2020 rules outline whether the seller or the
The looming threat of a potential East Coast and Gulf Coast port strike in January 2025, combined with President-elect Trump’s proposed tariff increases, has sparked a surge in import volumes at U.S. container ports, according to the National Retail Federation (NRF). Read also: Trump’s Proposed Tariffs Could Trigger Price
The U.S. government has given the green light for the export of cutting-edge artificial intelligence chips to a facility operated by Microsoft in the United Arab Emirates, as part of a partnership with Emirati AI firm G42. This development was reported by Axios, citing sources familiar with the matter.
When an export falls into the wrong hands, the potential repercussions extend from financial penalties for the unwary exporter to significant national security concerns for the United States. Beyond adhering to standard best practices like restricted party screening, companies can take an additional measure to thwart unauthorized individuals or
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its December Global Shipping Report for logistics and supply chain professionals. In November 2024, U.S. container import volume decreased 5% from October 2024, which is consistent with seasonal month-over-month declines seen in previous years, though smaller than
EXIM Support for U.S. Indirect Export Activity December 10, 2024 Ken Click, Business Development Specialist & Smaro Karakatsanis, Director of Business Credit The United States exported over $2 trillion worth of goods last year, according to Tradestats, an interactive tool created by the International Trade Administration (ITA) that sources
Hopes for a resolution to the standoff between dockworkers and port employers on the US East and Gulf coasts are fading, with a January strike now appearing unavoidable. The primary sticking point remains port automation, despite a prior tentative agreement on wages that temporarily ended a three-day port closure
When exporting goods valued at more than $2,500 per Schedule B number to anywhere other than Canada, companies usually must file their export information electronically to the Automated Export System (AES) through the Automated Commercial Environment (ACE) prior to the goods leaving the country. (more…)
![International Trade Briefing: December 2024 [Video]](https://importexportchb.com/wp-content/uploads/2024/12/ITB20December20202420Blog20Featured20Image.png "International Trade Briefing: December 2024 [Video]")
About the Author: Kari Crane Kari Crane is the editor of Passages: The International Trade Blog. Kari joined Shipping Solutions after working as an editor, writer and designer at a major market newspaper in Texas. Kari has spent her career finding different ways to tell stories and make complex