What is an HTS Code? Anatomy of an HTS Code HTS is the abbreviation for Harmonized Tariff Schedule. The HTS is a master list of 10-digit codes that classifies internationally traded goods. It was developed in 1988 by the World Customs Organization – not only to...
Sourcing in Vietnam Made Easy Importers worldwide looking to manufacture their products in Asia want two things: high quality and low cost. While China is known for manufacturing virtually any type of product, increased production costs and trade disputes have caused...
What is a Known Shipper (KSMS)? The Known Shipper Management System (KSMS) is a program the Transportation Security Administration (TSA) uses to qualify shippers to load cargo on passenger planes in the U.S. The purpose of the KSMS is to enhance international and...
Sourcing in China: An Importer’s Guide Boasting the 2nd largest economy and leading the world in exports, China has become the preferred source of supply for many US importers. So why do they flock to Asia? Other than the manufacturing costs being relatively...
What is a Buyer’s Consolidation? Buyer’s Consolidations: Improving Landed Cost on LCL If you import and have multiple suppliers near a single origin port, your freight forwarder may have an opportunity to improve supply-chain efficiency by creating a...
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