Free Incoterms 2010 Reference Chart

Download our free and printable Incoterms 2010 reference chart. Our chart helps you to visualize each Incoterms rule as it relates to seller and buyer responsibility for transportation cost and risk of loss of or damage to the goods. This chart covers all Incoterms 2010 rules and depicts when delivery occurs. Incoterms 2010 is effective…

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Leaky Packages with Undeclared Hazmat Leads to $54K+ in Penalties

The Federal Aviation Administration (FAA) recently announced that it's issuing civil penalties to 11 companies for allegedly offering undeclared hazardous materials for transportation. The penalties range from $54-91K. Ironically, many of the undeclared hazardous materials were discovered by transportation workers due to leaky packaging. Don't get stuck paying civil penalties like these companies. Remember to…

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A Single Export Control List

The U.S. Department of Commerce is moving ahead with the Obama Administration's plan for simplifying the country's export control program. First on the agenda is streamlining the licensing process. Under the current setup, export licenses are issued by the Department of State and the Bureau of Industry & Security under the Department of Commerce. Exporters…

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Got Marine Cargo Insurance?

Photos of the MSC Chitra used with permission from the Law Offices of Countryman & McDaniel at www.cargolaw.com If a container vessel has an accident and needs to be towed to shore, who pays for the towing? Believe it or not, if the vessel can be saved, the shippers with cargo still on-board and the…

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