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A lot of companies need to choose their Importer of Record. (IOR) responsibilities or outsource them to a third-party provider. companies should consider their goals as well as their risk tolerance levels. Doing so ensures that companies make decisions that go with...

The Importer of Record is the foundation for any successful international trade transaction. Knowing who handles import taxes, duties, and compliance regulations is essential. It is vital to determine how to conduct business in a foreign market. Effective use of an...

In international trade, every country has its own set of rules and regulations for trade compliance and tariffs. It's important to be aware that information becomes more scarce in complicated destinations. This can decrease transparency when pricing is involved which...

In the past, the problem that buyers and sellers encountered when shipping goods internationally was who would bear the losses. If a defect occurs during transportation, who will be held responsible? Where does the seller’s responsibility end? For all these issues,...

In international trade, incoterms are a set of standard commercial terms used in letters of credit and other shipping documents to specify how the seller will deliver the goods and who pays for transportation costs. The delivered duty paid (DDP) incoterm is one of the...

E-commerce is gaining traction in the South African market, particularly in remote places where traditional distribution systems are too expensive. To compete with mail-order enterprises, almost all traditional markets now have a website, and many outsource delivery...

Introduction.  The African Continental Free Trade Area (AfCFTA) paved the way to make remarkable touches on intra-African trade by establishing an integral trade agreement between the Member States that is mutually beneficial. Here in this article will discuss the...

It requires import and export licenses and an importer of the record to import IT and tech equipment into international countries, which is complex and can cause fines and delays if incorrectly carried out. This process often has a second complexity layer that is...

The process of import and export operations is somewhat difficult, as it requires a knowledge of the regulations and rules of countries. So, Understanding the definition and the differences between the three most important roles involved in an import transaction is...

There isn’t anything about international trade that is easy. The trade between two parties across foreign countries' boundaries necessitates a wealth of experience and skills, from restrictions on manufactured products to enforcement issues. Importing goods can be a...