Logistics Challenges FAQ
Trade compliance involves following international laws and regulations governing the import and export of goods. It's crucial for ensuring smooth and legal global trade operations.
TrueLog simplifies trade processes by ensuring compliance with all necessary regulations, minimizing delays, and preventing legal issues.
The IOR is responsible for ensuring imported goods comply with local laws and regulations, paying duties and taxes, and maintaining records of the import.
A consignee is the person or entity to whom the shipment is delivered. They are responsible for receiving and taking ownership of the goods.
Customs duties are based on the value of the goods, their classification under the Harmonized System (HS) code, and the regulations of the destination country
DDP means the seller is responsible for all costs, including shipping, duties, and taxes, until the goods are delivered to the buyer.
Customs clearance involves the preparation and submission of documents required to import or export goods, ensuring they meet all legal requirements
The time for customs clearance varies by country and can range from a few days to several weeks, depending on the complexity of the shipment.
Centralized procurement can reduce costs, streamline operations, and improve compliance by centralizing control and visibility over the procurement process.
