Last updated: 5.4.22 U.S. East Coast The Port of Charleston continues to experience significant congestion and delays, with some containers sitting up to a month. The monthly average delay in March per Descartes Systems Group was 15.9 days (see Descartes’ report of delay times at the top 10 ports here.)The Port of Savannah continues to see significant increases in import volume, and The Georgia Ports Authority is on track to implement "e [...]

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This article is part of our blog series on the Incoterms® Rules, helping importers and exporters understand international trade terms. Find the entire series here. Summary These two Incoterms® are almost identical. When Carriage Paid To (CPT) and Carriage and Insurance Paid To (CIP) are used as the terms of sale, the seller will deliver the goods to a carrier or another named place that is agreed upon by the buyer and the seller. [...]

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This article is part of our blog series on the Incoterms® Rules, helping importers and exporters understand international trade terms. Find the entire series here. Summary “Free Carrier” (FCA) means the seller will deliver the goods, already cleared for export, to a named place or named carrier specified by the buyer. The named place of delivery is critical to note because it identifies exactly where the seller’s obligation end [...]

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This article is part of our blog series on the Incoterms® Rules, helping importers and exporters understand international trade terms. Find the entire series here. Summary of Ex Works “Ex Works” (EXW) means the seller will make the goods available to the buyer at a named place, usually the seller’s factory or warehouse. The buyer must make the arrangements to collect the goods, at the buyer’s expense and risk, and to clear th [...]

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Summary Implementing Section 307 of the Tariff Act of 1930, the Uyghur Forced Labor Prevention Act prohibits imports of products from the Xinjiang Uyghur Autonomous Region of the People’s Republic of China due to forced labor violations. "Forced labor" is defined by the Tariff Act as “all work or service which is exacted from any person under the menace of any penalty for its nonperformance and for which the worker does [...]

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Summary International Commercial terms (“Incoterms ®” for short) are a set of three-letter standard trade terms used in international contracts for the sale of goods. Incoterms® are widely used in international and domestic commercial transactions, and are essential to understand prior to a shipment. Which terms you and your seller/buyer agree upon will define the responsibilities each party has for the delivery of goods under sal [...]

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