International Chamber of Commerce Archives

What is a Certificate of Origin..??

July 20, 2020June 22, 2020
Hariesh ManaadiarBlockchain, Documentation, Trade #shippingknowledge, certificate of origin, Chamber of Commerce, ICC, International Chamber of Commerce, WCF, World Chambers Federation 19 Comments 6 minutes

Certificate of Origin Shipping and Freight Resource

If you are in the business of international trade you would have no doubt heard about a Certificate of Origin.. But not everyone is familiar with what is a certificate of origin, why it is required, who issues it etc.. This article aims to clarify these points..

A Trade agreement is a contractual arrangement between countries concerning their trade relationships and how they conduct trade with each other..

Customs department in the importing country may require a “proof of origin” in order to determine whether or not the cargo that is imported may be subjected to trade measures such as the preferential duty tariff (for stuff that is imported from with the PTA bloc), free trade deals, prohibited goods etc..

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ICC’s initiatives to standardise digital trade

November 18, 2020March 9, 2020
News DeskBlockchain, Digitalisation, ICC, Innovation, News, Press Release, Technology Digital Standards, ICC, International Chamber of Commerce Leave a comment 8 minutes

The International Chamber of Commerce (ICC) has launched some digital initiatives aimed at creating a collaborative cross-industry effort to enable the standardisation of digital trade..

The first one called The ICC Digital Trade Standards Initiative (DSI), will build on work done by various like minded initiatives, many of which aim to digitise trade, notably through the development of open trade and technology standards to promote interoperability.

In the other initiative, the ICC is partnering with various government, business and other stakeholders to create digital solutions that will advance economic prosperity for all.

In line with its Declaration for the Next Century of Global Business, the ICC is committed to maximising the benefits of the digital economy through establishing key partnerships to unify, simplify, and transform trade processes for all.

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Consequences of using incorrect Incoterms

November 18, 2020October 14, 2019
Hariesh ManaadiarIncoterms®, Trade consequences of incorrect Incoterms, ICC Academy, Incoterms, International Chamber of Commerce 5 Comments 8 minutes

Ever since its introduction in 1936, Incoterms® has been a paradox to many many buyers, sellers, traders, freight forwarders, shipping lines and other service providers involved in the business of global trade..

There are several consequences of using the incorrect Incoterms® and users need to fully comprehend what it means when they put a three letter Incoterms® rule into their sales contract..

if you are struggling to learn and understand the rules and how to apply them, don’t worry, help is at hand..

ICC Academy, the educational arm of the ICC has created a new online training course – the Incoterms® 2020 Certificate which is designed to help users both experienced and inexperienced, a comprehensive and up-to-date understanding of the rules, avoid mistakes and save costs.. This course is the world’s only ICC-endorsed online training on the Incoterms® 2020 rules..

No other online training on the new rules can offer the same level of expertise and this course can be purchased online here..

So do yourself a favour and take this highly recommended course which will greatly enhance your knowledge on this crucial trade related subject..

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The correct usage of Incoterms® 2010 Rules – Explanation from the ICC

February 20, 2014December 10, 2013
Hariesh ManaadiarIncoterms® ICC, Incoterms, International Chamber of Commerce Leave a comment 1 minute

Watch Emily O’Connor, Executive-Secretary of the Incoterms Working Group explain the ins and outs of the Incoterms® 2010 Rules and their use for business..

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Meet the Incoterms® 2010 rules experts

January 12, 2014April 3, 2013
Hariesh ManaadiarIncoterms® Incoterms, International Chamber of Commerce, International trade, Questions and Answers, shipping information, shipping knowledge 1 Comment 3 minutes

Everyone in the industry knows or have heard about or should know about Incoterms® which since being published first in 1936, has become the accepted and commonly used terms of trade in … Read more here..

Incoterms 2010 – An analysis – Part 1

April 29, 2020August 22, 2012
Guest Article, Incoterms®, Shipping and Freight Guest Article, Incoterms, Incoterms Analysis, International Chamber of Commerce, Mode of transport, shipping information, shipping knowledge 8 Comments 5 minutes

An in-depth analysis of how the Incoterms® 2010 works and where each term can be used..

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Who pays freight charges for a shipment..??

March 20, 2017May 30, 2012
Hariesh ManaadiarBill of Lading, Incoterms®, Shipping and Freight bill of lading, freight forwarder, ICC, Incoterms, International Chamber of Commerce, shipping, shipping education, shipping information, shipping knowledge, shipping line 42 Comments 3 minutes

Charges that are applicable for a shipment can be classified as Ocean related charges and Landside charges.. This article discussed who pays for freight charges between the buyer and seller..

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