Ascent Global Logistics Blog

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Bill of Lading Basics for International Shippers

Posted by Ascent Global Logistics on Jun 8, 2017 9:16:09 AM

The Bill of Lading (BOL), along with the commercial invoice and packing list, play a crucial role in the international shipping process. Its importance is not always understood when INCOterms and terms of sale are being discussed between the buyer and the seller. However, the BOL can impact the timely release of cargo upon arrival to the destination country. 

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Topics: Bill of Lading Best Practices, International Freight Forwarding

Freight Forwarders & Customs Brokers - What's the difference?

Posted by Ascent Global Logistics on May 5, 2017 11:00:00 AM

Global supply chains are extremely complex networks which require involvement by various professionals who must execute different tasks. Two of the most important parties involved in an international shipment are the freight forwarder and the customs broker. One company is often both the freight forwarder and the customs broker, however, the two can be independent of each other due to the differences in responsibilities and capabilities. 

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Topics: International Freight Forwarding, Freight, Importing, Exporting

Importing 101: Customs Bonds

Posted by Ascent Global Logistics on Mar 27, 2017 1:59:30 PM

Is your company importing goods into the United States or considering importing in the future? To import successfully, the importer must have a customs bond on file with U.S. Customs and Border Protection (CBP). Customs bond compliance can be simple, but there is important information every importer should be familiar with. 

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Topics: Customs Bonds, Importing, International Freight Forwarding, Regulatory Compliance, Customs Duties

New Destination Control Statement (DCS) Requirements: How to Maintain Export Compliance

Posted by Ascent Global Logistics on Jan 16, 2017 4:32:16 PM

final rule was recently published in the Federal Register, impacting all ITAR (International Traffic in Arms Regulations) and all BIS (Bureau of Industry and Security) controlled exports. Effective November 15, 2016, all ITAR or BIS controlled exports will be required to list a revised Destination Control Statement (DCS) on the commercial invoice. 

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Topics: Regulatory Compliance, Exporting, International Freight Forwarding

The Panama Canal vs. The Suez Canal

Posted by Ascent Global Logistics on Jan 16, 2017 4:17:55 PM

The Panama Canal and Suez Canal are longtime rivals within the container shipping industry as both canals support the flow of global trade by shortening historical trade routes. Container ships have continued to grow in size and the canals noticed the need for expansion projects in order to keep pace with the industry. Below we compare the two canals' history, expansion projects, individual market share and future. 

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Topics: International Freight Forwarding

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