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Re-exportation, also called entrepot trade, is a form of international trade in which a country exports goods which it previously imported without altering them. One such example could be when one member of a free trade agreement charges lower tariffs to external nations to win trade, and then re-exports the same product to another partner in ...
The Office of Export Enforcement (OEE) is a agency within the United States Department of Commerce, Bureau of Industry and Security (BIS).. BIS is the principal agency involved in the development, implementation, and enforcement of export controls for commercial technologies and for many military technologies as a result of the President's Export Control Reform Initiative. [1]
Declaring Agent - A declaring agent is an organisation appointed by a declaring entity to make a declaration on its behalf. A declaring agent may be a freight forwarder or a specialist customs service provider such as Tradenet Services Pte Ltd . Declarant - A declarant is the individual person making the declaration for the declaring agent ...
In a single transaction, the forwarder may be acting as a carrier (principal) or as an agent for his customer or both. Together with tracking, freight forwarding agents often have real time information on the freight. [8] Some forwarders may specialize in niche areas such as rail-freight, and collection and deliveries around a port.
A confirming house is a specialised agency that purchases and arranges the export of goods on the behalf of overseas buyers. They finance the movement of goods into the country by offering short-term credit to importers and guaranteeing, or confirming, payment to the suppliers in the suppliers own domestic currency.
Asia has woken up to a new shock in the trade war.In a move as simple as it is drastic, the United States has suspended the shipment of small packages from China and Hong Kong, striking a huge ...
In India, a customs house agent (CHA) is licensed to act as an agent for transaction of any business relating to the entry or departure of conveyances or the import or export of goods at a customs station. CHAs maintain detailed, itemized and up-to-date accounts.
A person cannot, without a license or exception, export or re-export foreign-made commodities, software, or technology that incorporates controlled US-origin commodities, software, or technology if the items require a license and incorporate or are combined with more than a minimal amount of controlled US content, as defined in Title 15 of the ...