You’ve done everything right, from sourcing products to signing contracts. Everything seems to be going well until your shipment is stuck at customs or detained mid-transit. For international traders, these headaches are far too common. When goods get held up, it’s...
Customs delays can be more than just an inconvenience for business owners involved in international trade—they can result in significant financial loss. Whether you're importing raw materials or exporting finished products, time is often of the utmost importance. A...
International transportation of goods and materials can be incredibly costly. It can also be frustratingly slow. Still, sourcing goods and raw materials abroad can be the best option for a domestic company. For many businesses, the most cost-effective option when...
Global trade presents opportunities for businesses in the U.S., but it also comes with legal challenges. Disputes between importers and exporters can disrupt supply chains, cause financial losses and damage business relationships. Below are three of the most common...
When your goods are seized by Customs and Border Protection (CBP), the officer who seizes them will forward the case to the appropriate supervisor to be approved. The supervisor will refer the case to the Fines, Penalties and Forfeitures (FP&F) Office. An FP&...
Disputes are almost inevitable in international trade transactions, no matter how well you prepare. The global marketplace is full of variables, from different legal systems, currencies and cultures to fluctuating market conditions. Whether it’s a delay in shipment, a...
When it comes to managing the ins and outs of the global marketplace, cargo loss can disrupt supply chains, damage client relationships and lead to significant financial losses. The first step in addressing cargo loss is determining who is liable. Liability often...
International commerce is an essential aspect of the U.S. economy. However, federal laws like the Foreign Corrupt Practices Act (FCPA) ensure that international trade remains ethical and compliant. It’s important that companies have a firm grasp of the FCPA. Here are...
When U.S. Customs and Border Protection (CBP) seizes your products, your business can grind to a halt. CBP may confiscate shipments they suspect violate laws, contain counterfeit products or lack proper documentation. While this may simply be a misunderstanding, it...
Exchange rates play a crucial role in the world of international trade. They play a huge role in determining the price of goods and services traded across borders. However, fluctuations in these rates can create significant challenges for exporters and importers. The...