What does AMPS mean to you? If you are importer and exporter of goods into Canada, it’s in your best interest to know what AMPS are. Administrative Monetary Penalty System(AMPS) are monetary penalties issued by Canada Border Services Agency (CBSA) to ensure customs compliance. Both imports and exports of goods are subject to AMPS. ...
On January 1, 2011, the eighth revision of Incoterms came into effect. The last revision was in 2000. The new Rules have been revised to take into account the changes and developments in international trade in the last 10 years. International shipping volumes have increased while at the same time become more complex. The new ...
International commerce terms, more commonly known as Incoterms, are a set of international rules for the interpretation of the most commonly used trade terms in foreign trade. These terms are published by the International Chamber of Commerce, and are used to help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in ...
