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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. For example, the U.S. However, many nations defer to the US list when creating their own sanctioned party list.

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Global Trade Compliance is a Massive Undertaking for Big Shippers

Logistics Viewpoints

In the US, for example, the Office of Foreign Assets Control (OFAC) publishes lists of individuals and companies, and the addresses of those entities, owned or controlled by targeted countries. The US will, for example, prohibit companies from doing business with companies in North Korea. Integrity is priceless.”

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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.

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Fleet Route Optimisation in the Past, Present, and Future

Logistics Bureau

So that’s the route we’re taking in this article, exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. The answer could be to focus on the execution side of route optimisation. Is Your Fleet Routing the Best It Can Be?

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EAR99 – US Export Control Basics

Globalior

It is essential to check the Treasury Department’s Office of Asset Control (OFAC) website regularly for an updated information. If the product’s capabilities are not relevant to the buyer’s line of business, for example, an order for state of the art computers for a small bakery. Illegal End Use of Your Products.