Latest Posts
USMCA Trade Agreement Updates and Changes
Last updated on September 29, 2020 by Ben Thompson
The USMCA trade agreement came into effect on the 1st of July 2020, replacing the old NAFTA agreement. The new agreement brings updates and changes to Origin requirements and classification for goods being shipped between the USA, Canada and Mexico.
Create and Download a USMCA Certificate of Origin Form
Last updated on July 21, 2020 by Ben ThompsonThe United States, Canada and Mexico have ratified a free trade agreement. The trade agreement replaces the previous NAFTA trade agreement, and came into effect on 1st of July 2020. The new agreement has been characterized as “NAFTA 2.0” or the “New NAFTA”. There are 3 official names for the free trade agreement, it has…
Guide | Create and Download a Proforma Invoice Template for Global Trade
Last updated on May 7, 2020 by Ben ThompsonA Proforma Invoice document is an important document used when selling goods Internationally. It can also be referred to as a “pro forma invoice” or “performa invoice”. Buyers and sellers will negotiate the details of the products to be supplied, then the seller will create a Proforma Invoice document to confirm all details of the…
Foreign Exchange Payments | Podcast
Last updated on April 28, 2020 by Ben ThompsonIn early 2020, COVID-19 caused disruptions to people and businesses in countries around the world. For the first time, many shipping teams have been forced to work remotely from home. The disruptions has also caused extreme volatility in foreign exchange markets over the world.
Running your export business remotely beyond 2020
Last updated on April 1, 2020 by Ben ThompsonTips and resources for running your export business remotely during the COVID-19 pandemic.
Types of International Payment terms for Import Export Shipments.
Last updated on February 26, 2020 by Ben ThompsonImporters and exporters involved in global trade connect to negotiate and agree on the terms for goods to be sold. Buyers and sellers will agree to all product details, pricing, Incoterms®, method of shipment, delivery details and the agreed payment terms and payment methods. These details will be represented in Purchase Orders, Proforma Invoices and…
An Overview of SWIFT International Telegraphic Transfers and other International payment methods
Last updated on February 18, 2020 by Ben ThompsonIf you’re involved in Global Trade you would be aware that importers and exporters agree to sell goods on agreed payment terms that usually involve a SWIFT Telegraphic Transfer, or T/T payment. Before products can be exported around the world the buyer and seller will agree on the terms of trade (including Incoterms®) then include…
Incoterms® 2020 Explained – The Complete Guide
Last updated on January 20, 2020 by Ben ThompsonThe International Chamber of Commerce have published new Incoterms® 2020 that have come into effect from the 1st of January 2020. The ICC originally published Incoterms® in 1936 and have continually made updates to reflect the changes to the Global Trade environment. It’s important that all parties involved in trade clearly understand the changes and…
IMO2020 Regulations and how they will affect the shipping industry | Podcast
Last updated on August 18, 2019 by Ben ThompsonThe International Maritime Organization announced new IMO2020 regulations that will come into effect on the 1st of January 2020. Shipping lines around the world are preparing to meet strict new Sulphur Oxide (SOx) emissions.
Incoterms® 2020 Updates to be Published by the ICC
Last updated on August 1, 2019 by Ben ThompsonIncoterms® 2020 are the new International Trading terms that are set to be published by the International Chamber of Commerce (ICC). The new ICC Incoterms® 2020 will be released on September 2019 and legally come into effect on the 1st of January in 2020.
