INCOTERMS 2010 Update from Export.gov

Posted by Caroline on Wed, Jan, 26 2011 @ 4:30 AM

The following is a message from Export.gov:

The new INCOTERMS® 2010 became effective January 1, 2011. Incoterms--which is an abbreviation for International Commercial terms--are a series of sales terms. They are published by the International Chamber of Commerce (ICC) and are widely used in commercial transactions. In addition to providing a set of rules for the interpretation of commonly used trade terms, INCOTERMS® 2010 accomplish the following:

1. Significantly revises Group D listed in INCOTERMS® 2000;

2. Reduce Incoterms from four groups to two groups, allowing trade experts to choose the most suitable rule related to the mode of transport; and

3. Reduce the absolute number of Incoterms from 13 to 11.

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Topics: Transportation Management, Import Compliance, Global Knowledge

Global Trade Management Solution Is More Than Software

Posted by Caroline on Mon, Jan, 17 2011 @ 3:0 AM

What's the big deal with "global trade content?" Governments and agencies around the world are all publishing the same data, so does it matter where you get it from?

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Topics: Global Trade Management Software, Global Knowledge

The 6 Components of Building a Better Export Control Program

Posted by Caroline on Thu, Jan, 13 2011 @ 8:44 AM

How the right technology can keep exporters out of harm’s way and in regulators’ good graces

The Journal of Commerce has a great article about how enhancing your export control program ultimately raises supply chain security, prevents delays, and increases control the export process, resulting in increased revenue from new markets.

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Topics: GTM Best Practices, Export Management, Export Compliance, Export Violations