2023-02-25 13:53
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Globalior is maintained by a panel of expert global trade compliance professionals. The collective knowledge of all contributors includes mastery in broad based trade compliance concepts in areas of tariff classification, Customs valuation, Free Trade Agreements, transfer pricing, vendor selection, vendor management, Customs audit readiness, Incoterms special Customs programs and industry specific knowledge in FMCG, medical devices, perishable commodities and technology. Globalior aims to be the primary resource for trade compliance professionals and non trade compliance professionals looking for practical guidance and knowledge in maintaining compliance in cross border activities.
2023-02-11 13:14
What is the Bill of Lading?
A bill of lading is a legal document that serves as a receipt for goods being transported by a carrier, such as a truck, ship, or aircraft. It provides details ab… Read More
2023-02-05 01:41
A container yard (CY) is an area usually within a port where containers are stored and handled before being loaded onto or unloaded from a shipping vessel. Container yards are typically larg… Read More
2022-12-18 10:03
DAP Incoterm is a term used to describe a buy-sell arrangement where goods are delivered to a specific location, also known as the “named place”. DAP is an acronym for “Del… Read More
2022-12-14 16:41
When goods are traded internationally, the parties involved in the transaction must decide on the goods’ terms of sale. This can include information on the goods, the price, the date… Read More
2022-12-11 11:42
A bill of lading is a document that is issued to a person or a company acknowledging the receipt of goods from a carrier. The bill of lading is used to show that the goods have been received… Read More
2022-12-11 11:25
Do tonnes and tons mean the same thing?
The short answer is no.
But, we bet you want the long answer, so here it is.
1 tonne is the same as 1000 kilograms.
1 tonne can also be referred to as… Read More
2022-12-08 15:15
What is Abandonment in Customs?
Abandonment is the term used to describe the act of abandoning an entire shipment with the intent of not taking the risk of the shipment being seized. If a sh… Read More
2022-12-07 15:28
Sales and operations planning is a process in which you plan for the sales and production of products. It includes forecasting and tracking the growth of your company. It also includes manag… Read More
2022-12-07 14:14
Earnings before interest and tax (EBIT) is a common measure of profitability in a given accounting period. It is the measure of an entity’s net income in a given accounting period weig… Read More
2021-05-01 02:18
In supply chain operations, manual operations such as end-to-end time and cost calculations, checking routes on maps, comparing freight quotes, and searching for freight availability can tak… Read More
2021-04-28 10:07
Last-mile logistics is arguably the most important stage in the entire supply chain. This generally includes receiving an order from a warehouse and delivering it on time to the right custom… Read More
2021-04-27 15:42
Optimizing the storage capacity of a warehouse is a delicate balance between using available space and maximizing productivity and profit. Every square centimeter of the surface area in a wa… Read More
2021-04-23 23:12
Usually, companies do cycle counts to check inventory balances at the end of either each financial year or calendar year. This activity is fundamental in stock management. However, what does… Read More
2021-04-23 11:04
Understanding different types of inventory stockpiles better can lead to supply chain improvement opportunities.
Maintaining stock of goods is a cost for the company, while at the same time… Read More
2021-04-20 23:51
Inventory picking is an important element of warehouse operations. When designed well, it will allow operators to make the entire order preparation cycle efficient.
The efficiency of picking… Read More
2021-04-20 14:17
Logisticians often seek to improve supply chain performance and efficiency to increase productivity and provide a better competitive advantage for their business. Optimizing the supply chain… Read More
2021-04-18 15:51
As with any other industry, it is important to keep staff motivated in supply chain and logistics.
Motivating your employees helps create a climate of continuous improvement.
Employee engage… Read More
2021-04-17 23:11
Inventory management is an important part of supply chain management. Inventory management can be very vaguely described as optimizing the inventory level between maximum and minimum accepta… Read More
2021-04-17 01:18
Picking mistakes can cost a business significantly in terms of productivity. This is especially true if you run an e-commerce business that sells items exclusively online. Sending the wrong… Read More
2021-04-11 08:34
What is HS classification?
HS Classification refers to the process of assigning a tariff code to a product. This is a series of alphanumeric characters that describe a product to Customs aut… Read More
2021-03-29 11:59
Certifications for Trade Compliance Professionals
Many Global Trade Compliance professionals complain that there are insufficient certifications and courses available that are relevant to th… Read More
2021-03-28 23:20
Let’s look at how to do HS classification for hand sanitizers. For this case study, we shall make a few assumptions such as:
The product is manufactured in Singapore
The product is pac… Read More
2021-03-22 12:43
This is an HS Classification case study. We will look at how the HS code for a cytology brush is determined. This product is manufactured in the United States of America. This product can be… Read More
2021-03-20 11:42
One of the documents you may need when arranging a freight shipment to export goods abroad is the shipper’s letter of instructions. This document can be considered as a transport docum… Read More
2021-03-20 11:42
One of the documents you may need when arranging a freight shipment to export goods abroad is the shipper’s letter of instructions. This document can be considered as a transport docum… Read More
2021-03-13 03:23
What is trade compliance?
In the supply chain and logistics industry, “trade compliance” usually refers to the governance processes that cover HS classification, export controls… Read More
2021-02-28 09:01
What is the Singapore HS code of a product?
All products being imported to and exported from Singapore need to be declared to Singapore Customs. In order to make the declaration to Singapore… Read More
2021-02-24 13:11
General average clause in shipping industry
The general average concept in shipping deals with losses arising during ocean transport that need to be shared between all cargo owners shipping… Read More
2021-02-23 14:35
What is volumetric weight?
The volumetric weight can also be called volume weight. It represents the weight of a package and its dimensions. Courier/Parcel companies often use volumetric wei… Read More
2021-02-07 01:59
What is a packing slip?
Packing slips are commercial documents that validates the delivery of an order. In other words, it is used to confirm that you delivered a product or some merchandise… Read More
2021-02-06 09:34
Incoterms are rules for international trade that have been developed by the International Chamber of Commerce. These rules are used in international sales contracts. The term Incoterms, come… Read More
2021-01-31 11:39
When doing international trade, all products on shipments are subject to tariff classification. In other words, it is assigned a alphanumerical code that identifies what tariffs, taxes and r… Read More
2021-01-30 00:34
A significant amount of cargo moves across the world in reefer containers. But what are reefer containers? What type of products or goods can they transport? Reefers are a type of container… Read More
2021-01-28 22:44
Have you ever wondered how to ship products from your own home?
If you have many activities during their day and little free time left to go and drop off a shipment at the office of a courie… Read More
2021-01-27 23:28
What is Incoterm® 2020 DAP?
The Incoterm 2020 DAP (Delivery at Place), requires that the cargo be delivered by the seller at a place designated by the buyer. Normally this delivery is ma… Read More
2021-01-26 11:51
When you ship any item around the world, you can find yourself facing a great deal of paperwork and documentation. While you don’t want to forget any of those documents (no matter how… Read More
2021-01-23 02:19
What does a Global Trade Manager do?
Global trade managers can also be referred to as international trade managers, compliance managers or even import/export compliance managers.
The role of… Read More
2021-01-20 11:54
What is an Audit Trial?
Audit trails are documented processes through which financial, transactional, trade and/or accounting information is systematically traced back to origins. Audit trai… Read More
2021-01-19 14:01
What does it mean to be an importer of record?
An importer of record is the entity that Customs will hold responsible for a shipment as it undergoes import clearance. This party can be the c… Read More
2021-01-16 02:06
What is a shipping mark?
Exporters must mark their cargo clearly before export. This helps to ensure that shipments reach their intended destination by allowing carriers and consignees to ea… Read More
2021-01-12 11:10
Supply chain management can be said to have 5 attributes or components that need to be looked into to ensure sustainability and effectiveness. What are these components that define a success… Read More
2021-01-10 15:43
HS code engineering or tariff engineering is the term used to describe a broad set of activities undertaken to change the way a product is classified under WCO’s harmonized system nome… Read More
2021-01-09 06:02
What does CIF mean in international trade?
CIF stands for Cost Insurance and Freight. It is included in Incoterms® 2020 and one of the most important terms to ever be introduced by the(I… Read More
2021-01-07 13:29
The ASEAN Single Window refers to the enterprise platform that integrates all the National Single Windows (NSWs) of member states. This network allows for the flow of information via electro… Read More
2020-12-25 15:32
AIRFREIGHT INCOTERMS
Incoterms is short for international commercial terms that are reference all over the world when doing cross border trade. These terms define the liabilities, responsibi… Read More
2020-12-19 16:02
We have published extensive materials including Incoterms charts to help traders understand Incoterms® 2020. However, the topic can still be very daunting and seemingly complex to many… Read More
2020-12-13 03:59
What is DAP in Incoterms?
DAP stands for Delivered at Place. This Incoterm can be used for shipments moving on any mode of transport. On sales contracts the named place of destination should… Read More
2020-12-11 21:20
Eagerly attempting to participate in international trade is one thing, meeting the regulations and requirements is another! As an exporter or importer, you would want your goods to be… Read More
2020-12-09 15:11
We have published several guides about doing HS classification using WCO’s classification rules and we always urge traders to classify their products following these rules. Nonetheless… Read More
2020-12-06 01:30
1. Is the use of HS codes international?
HS codes are used almost globally to identify goods that are imported and exported from countries. All countries that are members of the WCO use the… Read More
2020-12-05 10:57
Containerization is one of the most common methods of transporting goods today. It involves moving the products from one point to another using shipping containers that come in a variety of… Read More
2020-12-02 14:24
There are cases where the shipper or exporter surrenders their original bills of lading at the load port.
After the bills have been handed over, instruction will be given to the load port ag… Read More
2020-12-01 02:37
As a shipper, it is your responsibility to provide the carrier with a precise and authentic total weight of the container to be shipped.
It is no secret that many major accidents are a resul… Read More
2020-11-29 14:51
Routed export transactions
International trade comes with a whole lot of abbreviations and terms. Among all that, is the routed export transaction. What does a routed export transaction mea… Read More
2020-11-29 01:11
GSP, which is short for Generalized System of Preference is a program formulated with the aim of encouraging economic security in developing countries all through the world. Beneficiary coun… Read More
2020-11-28 02:08
What does “Deemed Export” mean?
Export of technology and intangible components from one country to another or within the United States is possible. Under the EAR, deemed exports… Read More
2020-11-24 12:06
Several nations around the world require manufacturers to submit a Certificate of Free Sale, which is also known as “Certificate to Foreign Governments” or “Certificate for… Read More
2020-11-24 12:02
Incoterms 2020
The new Incoterms 2020 have been published on the 1st of January this year. However, the original Incoterms were published in 1936 and have been creating updates to throw back… Read More
2020-11-24 11:50
Perfumes comprise of differing levels of ethyl alcohol which is a flammable liquid, hence categorized as hazard class 3. Three packaging groups (PG) are available to highlight the level of d… Read More
2020-11-23 13:14
Let’s talk about US Export Controls
There used to be a time when any discussion on export controls was by default a discussion on US export controls. However, in today’s world ma… Read More
2020-11-23 13:05
Wharfage refers to the charges that are applied when we use the wharf to load or unload the cargo. Wharfage charges are collected by the port
authorities to use their facilities and services… Read More
2020-11-20 16:26
In a previous article we covered the question of what is port and starboard ? Here we look at a few fun facts about the concept.
Why is port left and starboard right?
Legend has it that in t… Read More
2020-11-18 12:09
GST and VAT are terms used almost interchangeably by many businesses. In many ways these terms refer to the same type of tax.
Countries do not usually have both GST and VAT regimes. An excep… Read More
2020-11-17 12:48
ODM is short for Original Design Manufacturing and OEM is short for Original Equipment Manufacturing. They may sound similar and many professionals use the terms interchangeably. However, th… Read More
2020-11-16 20:44
EGM, or the Export General Manifest has to be filed with the Custom authorities before the freight forwarder’s transport (carrying cargo for delivery to other countries) departs from I… Read More
2020-10-06 16:22
Recent events have given the e-commerce industry a steroid induced growth spurt that online scammers all over the world are rushing to take advantage of. Sophisticated fraudsters are now off… Read More
2020-09-16 12:57
What is fundamental research?Before we look at US export controls on fundamental research, let us first define what it is. Fundamental research can also be called basic research. This kind o… Read More
2020-09-12 00:04
Export control regulations in the UK cover controls on software and technology. If the software is of a controlled nature, you may need a license to export it out of the country. The export… Read More
2020-09-06 12:26
Singapore defines export controls on strategic goods that are related to the development, manufacture and utilization of nuclear, biological and chemical weapons. The export controls also co… Read More
2020-09-05 02:07
What are Export Controls?More and more countries all over the world have started to implement export control laws to enforce restrictions on certain exports, brokering and transshipment, sal… Read More
2020-08-29 08:44
Export controls define the rules surrounding the release of certain types of data, information, products, technology, services and funds from a country. Export control regulations are writte… Read More
2020-08-26 10:41
HS Traders must provide HS codes to Customs authorities when they want to import or export products into a country. This information is usually declared on the import declaration. These are… Read More
2020-08-24 10:12
Incoterms deals with several aspects of trade such as :General obligationsTransfer of risksDeliveryCarriageInsuranceDelivery and transportation documentsExport clearanceImport clearanceCost… Read More
2020-08-22 21:56
Since most businesses already refer to Incoterms when they do cross border trade, they also include them by default when doing domestic shipments. This is perfectly fine in most cases, howev… Read More
2020-08-22 09:49
EU Export controls on dual-use goods are found in Regulation 428/2009. These regulations cover the control of transfers, brokering activities, export controls and transit of dual-use goods… Read More
2020-08-16 10:21
THC, or terminal handling charges is a term used to refer to the collection of costs and fees related to using the port terminal facility. Terminal handling charges are usually relevant only… Read More
2020-08-15 00:43
Delivered Duty Paid or DDP, is the only Incoterm that requires the seller to act as the importer of record in the buyer’s country. Buyer’s typically opt to trade on this term whe… Read More
2020-08-14 10:23
Demurrage is a cost paid to a shipping line when the owner of cargo is not able to take full delivery of the cargo within the stipulated time. In other words, the owner has to pay these pena… Read More
2020-08-13 13:27
The term “delivery” has an important definition when it comes to Incoterms. This is the point where risk transfers to the buyer from the seller. This is also the point where liab… Read More
2020-08-10 01:05
Trade compliance is not the only function within an organization that is concerned with Incoterms. In fact, almost every aspect of supply chain is in someway or another affected by it.Hence… Read More
2020-08-08 22:07
FCA and EXW form part of Incoterms® 2020. Both these terms are very similar. Both of these terms can be used for any mode of transport. However, there are some important differences betw… Read More
2020-08-05 11:56
7 Ways You Can Reduce Costs on ImportsIf your company is doing any cross-border trade, you have to carefully manage operational costs like transportation charges, insurance, duties, taxes an… Read More
2020-07-29 11:16
Stink bug measures in Australia are implemented by authorities to prevent the spread of the brown marmorated stink bug in the country. These bugs see seasonal increases in places like North… Read More
2020-07-25 23:55
Singapore is located very strategically in Southeast Asia. Recognizing the geographical advantage it has, the government has worked hard to capitalize on it. Over the years, an elaborate tra… Read More
2020-07-25 11:53
Compliance training for the larger organization is an essential part of any compliance department’s scope of work. Having colleagues throughout the supply chain who are familiar with c… Read More
2020-07-13 14:39
Supply chain management refers to the management of the flow of goods from the time of manufacture to the point they reach the end consumer. This can hence refer to the movement and storage… Read More
2020-07-12 00:40
Anti-dumping duty is a measure implemented by governments to protect local industries and manufacturers. This is a form of protectionism against exporters in foreign countries who have price… Read More
2020-07-10 01:19
Non tariff barrier definitionA non tariff barrier is used to control and restrict specific cross border trade activities without the imposition of import duty. Trade activities affected by n… Read More
2020-07-09 13:29
In English, the Latin phrase “De Minimis” translates roughly to “about trifle things”. Today, the term can mean different things in different context. In this article… Read More
2020-07-08 14:41
A chamber of commerce is an association made up of a network of businesses (members). The purpose of a Chamber of commerce is to help businesses grow by looking into their interests and thei… Read More
2020-07-08 10:28
Over the past decade, Trade compliance professional jobs have undoubtedly increased all over the world. In each country and in company, these roles have been designed to address immediate ne… Read More
2020-07-07 14:59
This article will deal with several types of Customs declarations that you may need to make to Customs.Traditional Commercial ImportsMost countries will require for all commercial imports to… Read More
2020-07-06 14:39
Avoiding the e-shopping scamsDue to rise of the Internet, it is very easy for anyone to visit any e-store, go through the available items and select items you want delivered to your home. Ho… Read More
2020-07-06 14:25
Importing in ChinaSome of the factors that determine whether your goods will clear Customs or not include the goods value, their product code, and their description. These factors often also… Read More
2020-07-05 02:05
A General Guide for Singapore ExportersThe Customs Act deals with regulations concerning exports from Singapore. Other important legislations that impact export activities from Singapore are… Read More
2020-07-03 07:58
Country of origin can mean several different things different people, such as:Country of manufacturer as determined according to preset rules like value add rules, tariff shift or transforma… Read More
2020-07-02 09:30
Traditional exports involve cross border movement of items, products or services. However, when it comes to technology and information – an export, or deemed export can occur without a… Read More
2020-07-01 09:05
What is a MAWB or Master Air WaybillThe Master Air Waybill is usually issued by the carrier of the cargo. This document acts as a form of proof that the cargo has been received from the ship… Read More
2020-06-30 11:17
The World Trade Organization addresses global trade rules and interactions between countries.The WTO aims to develop cross border trade rules that work well to facilitate fair trade activiti… Read More
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