Shipping freight overseas is significantly more complicated than moving your cargos from one state to another. It is essential to decide on what transportation mode to use to move your cargos, as that would decide the succeeding paperwork and clearance processes.
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Duty drawback is the refund of 99% of duties paid on goods that are subsequently exported or destroyed. Passed as the second law by the first congress in 1789, duty drawbacks are intended to protect and encourage US manufacturing as well as exports to form the foundation for US international trade policy.
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Freight class is determined by a shipment’s ease of handling, value, weight, length, height, density, and liability. It affects shipping rates and fees, and with a standardized guide of classifications, negotiating freight rates has never been easier.
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Partial shipments, or shipments that do not fill the entire capacity, are common in the supply chain. Instead of sending partial shipments, freight consolidation may be a better way to save money and increase efficiency.
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Every year, shipping companies lose an average of 1,390 containers at sea from a wide range of causes. What cargo insurance coverage aims to do is to minimize your loss in the event of an unexpected complication that damages your goods. So what exactly does cargo insurance coverage provide? And how much does cargo insurance cost?
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