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Incoterms 2020: Main Changes

Olegario LLamazares* The new Incoterms 2020 are being drafted in the International Chamber of Commerce (ICC) as the body that publishes them since 1930. In the last decades, there has always been a revision of Incoterms Rules coinciding with the first year of each decade 1990, 2000, 2010, which is the latest version and currently in force. Incoterms 2020 are ... Read More »

What is a freight forwarder? Types and functions

The freight forwarder or forwarding agent is an indispensable member of the international trade and transport community; the freight forwarder arranges for the international shipment of merchandise. Like travel agents – but dealing with cargo rather than passengers – freight forwarder use their knowledge of varying freight rates to offer the shipper the bet “package deal”. In addition to booking ... Read More »

How to find importers?: essential tools

how to find importers

How to find importers is the first question that a company asks itself when starting to sell abroad. The answer may seem obvious: on the Internet. However, it is far from certain unless the company knows precisely which are the most useful and cost-effective tools for identifying importers in foreign markets. Although on the Internet there are hundreds of websites ... Read More »

New Union Customs Code (UCC)

NEW UNION CUSTOMS CODE

María Jesús Gómez Arriba*   The Union Customs Code (UCC) entered into force in its entirety in Europe on 1 May 2016. Its implementation will be completed at the end of 2020, when all the European Union (EU) countries have the required information systems. In the meantime, it will be supplemented by two Commission Delegated Regulations and a Commission Implementing ... Read More »

CMR Transport Document Form

CMR TRANSPORT DOCUMENT FORM

The CMR Transport Document constitutes a proof of the contract of carriage by road, determines the scope and responsibility of the operation performed and identifies the parties involved and the goods being transported. Its use implies adherence to the CMR (Contrat de Transport International de Marchandises par Route) that governs this document. This document includes the instructions that the exporter ... Read More »

What is an export business plan?

EXPORT BUSINESS PLAN

The purpose of the Export Business Plan is to prepare companies, specially middle and small, to enter the international marketplace or to better organize their existing international business activity. The Plan will serve as a step-by-step guide to lead the company through the process of exporting products and services to international markets. The purpose of the Plan is to address ... Read More »

Export Documentation: Top 10 Export and Import Documents

Export documentation lies at the heart of all international trade transactions. In provides exporters and importers with an accounting record; shipping and logistics companies with instructions of what to do with freight information; and banks with instructions and accounting tools for collecting payments. Export documents are more complex than those used for domestic sales due to the special characteristics of ... Read More »

Transport Documents: CMR, Bill of Lading, Air Waybill

Transport documents lie at the heart of international trade transactions. These documents are issued by the shipping line, airline, international trucking company, railroad, freight forwarder or logistics company. To the shipping company and freight forwarder transport documents provide an accounting record of the transaction, instructions on where and how to ship the goods and a statement giving instructions for handling ... Read More »

International trade information: Top 10 websites

  The Internet is the main tool to obtain information on international trade. There is a huge amount of information online including: international trade statistics, country information, market research, business directories, model documents and international contracts, etc. Below we offer a selection of the 10 most relevant websites for businesses and professionals involved in international trade. This selection is based ... Read More »

10 Top Risks in International Business

In today’s business environment, conditions remain challenging for many, and risk retains its position high on every organization’s agenda. Businesses themselves are changing, which brings new risk horizons and, at the same time, they are grappling with the changes brought about by a post-downturn economy. The ability to anticipate threats, respond and continually adapt is as critical a part of ... Read More »