If you raised the question of who pays for the letter of credit charges, chances are you are in deep consideration of using a letter of credit. Either your seller is seeking for payment assurance, or...
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If we are in the era of the 1950s, consular invoices are part of the import document requirement that is mandatory for all incoming cargos from other nations. However, in recent times, that...
Starting an export business can be both exciting and scary. It is exciting due to the potential revenue a company can gain from having a global market reach, but scary due to unaccounted cost of...
Introduction As of now, the USA is the only adopters of the LIFO (Last-In-First-Out) inventory valuation method, other nations that are following the IFRS (International Financial Reporting...
Warning: Long Post, if you want to skip through to the sections you want, you can always refer to the tables of content section below We want to provide an all-in-one encompassing guide to the...
A Duty drawback is where the customs officer refunds the paid duty and tax, provided that the articles or commodity imported fulfills certain criteria. That non-negotiable condition is that the...