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International trade & markets
What do Customs Brokers charge for?
Customs brokers are the experts that help us to import or export products. Also referred to as the import brokers, they take care of smoothly facilitating the clearance of goods through the customs processes. People often confuse customs brokers with freight forwarders. In reality, freight forwarders are experts in logistics, whereas customs brokers deal in clearing products from customs. What Customs Brokers Do? Customs brokers work with importers on the ports.
5 Things to Know About the PierPass
Marine terminal operators at the ports of Los Angeles and Long Beach created the PierPass. It was developed at the time when the US’ largest port was one of the fastest growing container gateways. PierPass is a non-profit company that addresses multi-terminal issues such as security, congestion, and air quality. The main aim of the PierPass is to mitigate congestion at these ports. PierPass OffPeak Program All the international container terminals in the two adjacent ports established additional shifts per week.
Why and When Your Ocean Freight Shipment Would Require a Bonded Warehouse
Customs regulations are a necessary, but challenging part of international shipping. Clearing customs increases costs, paperwork, and time-delays. Customs-bonded warehouses help reduce this friction and are an integral part of the global supply chain. What is a bonded warehouse? A customs bonded warehouse is a secured building or area where merchandise can be imported and stored for a period of time, without any import taxes (duties) being charged. Duties are only paid when the goods are removed for domestic use.
The Role of The Federal Maritime Commission
If you are shipping something overseas, you must be familiar with the role of the Federal Maritime Commission in ocean freight. This guide will help you understand what the FMC is, learn a little bit about its history, and determine the role that it plays in ocean freight. What is the FMC? First of all, what does FMC stand for? The FMC acronym refers to the Federal Maritime Commission which was established in 1961 to serve as a regulator 4 liner shipping groups and American importers and exporters.
Chassis shortage and reduced trucking capacity in North America
The number of accessible truckers in North America to handle container movements has decreased during the past months due to a combination of circumstances. These include a quick rebound in volume at ports and rail terminals, drivers exiting the industry because of the COVID-19 situation, and a slowdown in loading and unloading containers for security measures. “We are seeing trends that truckers are booking up and availability varies between 2-7 days depending on where in the country we are doing a load.
How to import computer parts from China
If you plan on expanding your tech business’s market to China, or you want to reduce overhead costs by purchasing parts, you’ll need to understand what goes into importing electronics from China. Specifically, computer parts require some special care and some know-how of importing. In the past few years, China has revamped some of its industrial policies and has become a substantial computer hardware producer on a global scale. It’s important to understand these policies in order to work with a Chinese supplier.
How to Import Toys from China
Most entrepreneurs, including Chinese suppliers, tend to avoid diving into toy importing and supplying business because there are many categories of toy products, and finding the right product to sell can be very difficult. Besides, several countries have lots of rules governing the importation of toys, which hinders or delays the importing process. However, the importation of toys, especially from China, is not as difficult as many people think. In this article, we’ll focus on how to import toys from China and how to identify high-quality suppliers.
What are Dominican Republic main exports and imports?
The Dominican Republic is considered by many the jewel of the Caribbean, and for good reason. The country is neighbors with Haiti which lies to the West side of the Island of Hipsaniola which both countries share. Dominican Republic is a beautiful amalgamation of Savannah, rainforests and highlands offering the best of all these worlds to tourist who flock there for the beaches and exceptional golf courses. But, beautiful resorts aren’t the only things the country is known for.
What Are Colombia’s Main Imports and Exports?
Revenue from trade in Colombia made up over 34% of the country’s GDP in 2017 and their international trade has been growing and multiplying by five according to the World Bank. The country mainly trades with the United States, Germany, Panama, China, Brazil and the Netherlands. They have also signed several trade agreements with the U.S., MERCOSUR countries which are mainly Central American, Caribbean countries and the European Union as well as ANC countries.
What are Peru’s Main Exports and Imports?
Peru’s economy is classified as an upper middle- class economy by the World Bank. It’s also the 39th largest economy worldwide. Due to economic reforms that took place during the 2000s, Peru has become one of the fastest growing economies globally. In 2011, Peru received a score of 0.752 in the HDI. The Peruvian economy is mainly strengthened by its export sector. That’s what finances the money required for imports and also to pay off the external debts of Peru.
