Every 5 years the Harmonized System (HS) is updated and as of January 1st the world transitioned from HS 2017 to the current HS 2022. This means that tariffs and duty code percentages may have changed for your products. We’ll be reviewing the changes, but first a little background of the Harmonized System. What Is the Harmonized System? The Internatio ...
A Bill of Lading and a Telex Release are vital to shipping and they are two items that you absolutely must know in the field of logistics. An Original Bill of Lading is a paper bill of lading that is issued to a customer. A Telex Release is an electronic release that is given in return for a surrendered bill of lading.The Bill of LadingThe Bill of Ladin ...
By definition a Free Trade Agreement (FTA) is a treaty between two or more countries with the aim to facilitate trade and eliminate trade barriers. Under this FTA, goods can be purchased and sold across international borders with little to no government tariffs, quotas, subsidies which help to create an open and competitive international marketplace.Acc ...
Shipping containers or ‘Intermodal Freight Containers’ are designed/built to smoothly move cargo from one mode of transport to another without unloading and reloading. The mode of transports can be either by truck, rail or ship. Depending on the type of products transported, different containers are used which may vary in dimensions, structure, ma ...
The Thai Customs Department regulates the importation and exportation of goods shipped to and from Thailand. Some of the regulations can take the form of either: Prohibited Goods Restricted Goods This are products which are prohibited from entering Thailand under any circumstances. Products which are restricted from entering Thailand without perm ...
