The liquidation process by U.S. Customs and Border Protection (CBP) is a crucial step in finalizing the duties and taxes on imported goods. Here’s an illustration of the process: 1. Entry Filing: Importer Declaration: The importer or their customs broker files an entry summary (CBP Form 7501) with CBP, declaring the imported goods and providing … Read more
When it comes to international shipping, choosing the right method can significantly impact cost, efficiency, and the condition of your goods upon arrival. Here’s a comprehensive breakdown of the various options available: 1. Sea Freight Dry Containers Description: Standard containers used for most types of cargo. Best For: Non-perishable goods like electronics, textiles, … Read more
In recent years, the role of customs brokers has evolved significantly, driven by increased scrutiny from U.S. Customs and Border Protection (CBP). This heightened focus is compelling brokers to invest in advanced technology to better understand and manage the regulatory risks their shipper clients face. While the mandate for technological investment has always been implicit, … Read more
Customs brokers play a pivotal role in the international trade process by ensuring that all shipments adhere to the myriads of international trade regulations and laws. They act as intermediaries between importers and government authorities, handling the complex process of customs clearance. This compliance is not just about ticking boxes; it involves a deep understanding … Read more
Global Trade Pros Converge in Chicago for Cutting-Edge Industry Insights Global Trade Educational Conference (GTE), hosted by NCBFAA, celebrated its 10th year by bringing together over 300 importers, exporters, customs brokers, freight forwarders, service providers, and global logistics professionals from across the United States. For two days in Chicago, international trade professionals had the chance to … Read more
About Foreign Trade Zone Foreign Trade Zones (FTZ) are secure areas within the United States that are considered to be outside of U.S. Customs territory for tariff purposes. FTZ benefits are available to any U.S.-based company, and these zones are not restricted to specific geographic locations within the United States, providing flexibility for companies in … Read more
Duty Drawback is a program that helps exporters offset some of the costs accrued during the export process. It permits the American manufacturer to compete in foreign markets without the handicap of including in the costs, the duty paid on imported merchandise. The program gives rebates on Customs and Central Excise chargeable on any imported … Read more
The global shipping industry is facing a cascade of challenges, with the Red Sea cargo shipping disruptions being a significant contributor. The ongoing conflict in Yemen has necessitated rerouting around the Cape of Good Hope, leading to longer transit times and increased operational costs. This shift has strained shipping capacity, as vessels are tied up … Read more
Logistics has been around for centuries. Initially associated with the Greek and Roman military for the movement and support of their armies, it eventually represented the organized movement of goods and materials in business. Logistics involves the movement of goods from A to B using an array of services and service providers, using multiple modes … Read more
Welcome to NUCO Logistics At NUCO Logistics, we understand that every moment counts in logistics. That’s why we pride ourselves on our commitment to efficiency and precision. Your goods are not just shipments to us; they are a vital part of your business. Our team of logistics experts works tirelessly to ensure that your cargo … Read more
Logistics Excellence, Beyond Boundaries