When it comes to shipping, the Bill of Lading is considered one of the most important documents in the transaction. A Bill of Lading, or BL, is a document that establishes the terms of a contract between the parties involved in a shipment. It serves as [...]
On March 21st, Canadian Pacific Railway (CP) announced that they have entered into an agreement to merge with Kansas City Southern Railway (KCS). When finalized, the result will be the first rail network connecting Canada, the U.S. and Mexico. The proposed new name for the company is Canadian Pacific Kansas [...]
ISPM 15 BACKGROUND Packaging used in international trade that is made of raw wood materials such as pallets or wooden crates can house small insects or other pests which presents a major issue if left unregulated. To prevent the possible spread of quarantine pests and plant [...]
Until recently, major volume shifts and spikes in rates were issues primarily affecting east-west trade. Trans-Atlantic demand is now growing fast; however, container imbalances and poor service reliability have caused backlogs in the supply chain globally. Container Imbalance When trade between China and the U.S. picked up in the second [...]
On March 15, the International Trade Commission (ITC) released the new 2021 Basic Edition of the U.S. Harmonized Tariff Schedule (USHTS). What is the Harmonized Tariff Schedule? The Harmonized Tariff Schedule of the United States (HTS) was enacted by Congress and made effective on January 1, 1989, replacing the [...]
When a seller based in the United States decides to sell goods to a buyer in another country, these parties are typically referred to as the U.S. Principal Party in Interest or USPPI (seller) and the Foreign Principal Party in Interest or FPPI (buyer). The Code [...]
