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The Digital Supply Chain Needs to Include Trade Compliance Systems!

Logistics Viewpoints

For example, it can look like imports from China are cheaper than the same goods imported from Mexico if a company is not relying on analysis produced by an advanced good global trade compliance (GTC) system. In addition to using a GTC as part of a landed cost analysis, GTC solutions help companies adhere to restricted party lists.

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How sanctions affect shipping companies and trade

Shipping and Freight Resource

In the US there is a special body responsible for control over the above issue: Office of Foreign Assets Control of the US Treasury Department (OFAC). In particular, Clause 2 Article 2 of the Council Decision 2014/145 / the Common Foreign and Security Policy (CFSP) dd.