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Eight Essential Documents That Are Key to Shipping

MTS Logistics

On the other hand, you also need to know and understand the rules and regulations of exporting and importing, and crucially, you need the proper shipping documents. However, most documentation is still handled manually in some countries. Certificate of Analysis (Certificate of Inspection). Pro Forma Invoice. Packing List.

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The Digital Supply Chain Needs to Include Trade Compliance Systems!

Logistics Viewpoints

Better systems at customs agencies can lead to increases in cycle times for companies that are not on top of the complex documentation requirements associated with trade. In short, customs compliance must become proactive and strategic rather than just focused on having the proper documentation and accurately paying duties.

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Supply Chain Quality: A Driver for Digital Transformation

Talking Logistics

Ensuring receipt of Certificate of Analysis (CoA) and other regulatory compliance documentation has made digitization a requirement for customer service, audit management, and compliance. If a process manufacturer ships a product without the correct or missing documentation, a substantial and costly non-compliance fine is imposed.

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Navigating the Future: The Rise of Electronic Bill of Lading (eBL)

MTS Logistics

The eBL, a digital version of the traditional bill of lading, is reshaping the way businesses manage and streamline their shipping documentation. The bill of lading is a crucial document in the shipping industry, serving as a receipt of goods, a contract of carriage, and a document of title. What is a Bill of Lading (BOL)?

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The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

At SAP their solution is developed by their governance risk and compliance team. Global trade services is one of 4 pillars of GRC at SAP, the others being enterprise risk and compliance, identity and access governance, and cybersecurity. There can be big fines for noncompliance with trade regulations. For example, the U.S.

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Navigating a Lost Bill of Lading (BOL) with Courier Companies in International Trade

MTS Logistics

The global shipping industry heavily relies on accurate and timely documentation, such as the Bill of Lading (BOL), to transport an astounding 11 billion tons of cargo annually. However, supply chain disruptions caused by document delays or loss can have severe financial consequences for businesses. million per event.

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In a David versus Goliath Battle between NGOs and a Pipeline Company, Goliath is Losing

Logistics Viewpoints

Big investment funds are starting to see increasing risks associated with investing in companies and sectors that do not have strong environmental, social, and governance (ESG) records. Both the company and the agencies that have been supposed to review these things and do a thorough analysis simply didn’t do their jobs.”