A document issued by a national government authorizing the importation of certain goods into its territory.
There is “customs value”, which is the value presented to customs of the destination country. Customs always needs to have some sort of “invoice” or declaration of value for cargoes entering their country. We cannot say $0.00 and say it … Read More
Incoterms provide a common set of rules to clarify who is responsible for what and when under sales contracts. Incoterms significantly reduce misunderstandings among seller and buyer. Below is a list of the more common terms. This list is meant to give you an … Read More
Since little out of pocket cash was paid out for these commodities, the exporter normally sets the insurance value to cover such expenses (like ocean freight, cargo handling, procurement, service fees, etc.). These expenses are rarely precise, and the exporter … Read More