Notwithstanding experience in import of goods, a choice of a suitable Incoterms 2020 rule can be a challenge. It turns out that this decision has a considerable impact not only on the rights and duties of a buyer and a seller but also on incurred expenses. This article focuses on which terms are used the …
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CITES (Convention of International Trade in Endangered Species of Wild Fauna and Flora) is a multilateral treaty regulating the trade of more than 35 000 species – about 30 thousand species of plants and 5600 species of animals. One hundred eighty-three countries have signed the Convention. CITES brings attention to a global problem that illegal …
Authorized Economics Operator, or AEO for short, is a concept in business language that can be specified as an authorized entrepreneur or trusted entrepreneur. The AEO status makes it easier for entrepreneurs to go through customs procedures. A permit issued in one of the European Union countries is recognized in all EU member states. Other …
Before imported goods can reach their final destination, they need to pass through a few stop-off points. One of them will most likely be a container terminal where the freight will go through all necessary procedures and eventually be brought on board. This whole process is not free of charge, and that is where CSC …
AMS is an Automated Manifest System, which is an electronic system operated by Customs and Border Protection (CBP) for transferring and verifying cargo data when exporting to the USA. It was introduced in 2004 and is the result of US efforts to reduce potential security threats. AMS function All air and ocean shipments sent to …
Abbreviations appearing on the valuation of cargo transport may confuse many importers. These are so-called freight additions, i.e., additional fees charged by forwarding companies to offset various variable costs incurred by them during the transport process. In the case of BAF and CAF, oil price fluctuations and currency fluctuations are compensated. It is worth familiarizing …
Sea transport is an economical way of exporting and importing goods. When using this type of transport, the forwarder must decide on the type of sea freight: the FCL (Full Container Load) or LCL (Less than Container Load) method. The FCL acronym refers to container transport and means that the entire rented container will be …
TSA System (Transportation Security Administration) is an agency founded in the United States after the terrorist attacks of September 11, 2001, responsible for the development and implementation of structures ensuring security regarding national transport systems. It was established under the Aviation and Transportation Security Act, which was adopted by Congress and signed by President George …
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The IMO International Maritime Organization is introducing an update of regulations regarding fuels used in maritime transport. The changes will apply from January 1, 2020, and will concern the global reduction of sulfur oxide emissions from ships. Consequently, IMO 2020 will significantly affect the freight market. IMO 2020 Regulation The new IMO 2020 standard introduces …
In maritime transport, it is often difficult to precisely determine the time of arrival or even the departure of a ship from port. This is due to many factors with which the ship comes into contact during the sea voyage. For this reason, the abbreviations ETA and ETD have been created, which provide approximate dates …