What Are Tariffs? Taxes imposed by governments on goods are known as tariffs. Tariffs serve a variety of purposes, ranging from protective policies to international politics to everything in between. The Harmonized Tariff Schedule of the United States (HTSUS) is regulated by Customs and Border Protection (CBP). For goods imported into the United States, you […]
Shipping Surcharges: What are they? You may be surprised to find out that shipping surcharges can be one of the biggest reasons for increased shipping costs. Private carriers usually charge these surcharges when shipping an item and they may take a number of different forms. In more simple terms, shipping surcharges are fees tacked on […]
You’re Curious. Demurrage Fees, What are They? Demurrage fees easily rank as one of the top annoyances in shipping, especially for those who ship internationally. It is an additional charge that can eat into a business’s bottom line when a shipment cargo sits for one too many days in the shipment holding areas at ports […]
As a result of port congestions, global supply chains are extremely congested. The entire shipping cycle appears to have stopped, with ships waiting on the shore for days and sometimes weeks before they can unload their cargo. Congestion at US ports clearly illustrates the impact of delays at ports, as they can negatively impact the […]
Temperature-controlled freight shipping necessitates that the goods being shipped be kept at a specific temperature until they arrive at their destination. Examples when temperature-controlled shipping is used: Perishable foods will require temperature-controlled shipping because extreme temperatures can cause them to spoil, rendering them unsafe for consumption. Certain medications, such as clinical tests and vaccines, can […]
Incoterms, which stand for International Commercial Terms, is a set of 11 rules issued by the International Chamber of Commerce aiming at reducing confusion between buyers and sellers in an international trade transaction. What is an incoterm? An incoterm represents a universal, widely accepted term that distributes responsibilities and obligations between two parties that has […]
As you may be aware, freight forwarders assist in the transportation of one’s shipment from point A to point B, and the process is frequently complex. Today, we’ll go over what LTL and FTL are and how to determine which is the best option for your situation. Less than Truckload (LTL) Less than truckload freight […]
Import and export of goods are critical for many large and small businesses. While there are many more opportunities in international shipping, the process can be complex and intimidating. This is where freight forwarders enter the picture. What is a freight forwarder? A freight forwarder is a company that specializes in arranging the transportation of […]