Imports Archives

Why is it Difficult to Get Warehouse Coverage?

Warehouse cargo insurance coverage has become more challenging to secure as more businesses seek this type of cargo insurance in the hardening market. The Hardening Insurance Market Warehouse coverage becomes complex when it comes to securing a policy in a hardening insurance market. A hard market is an upswing in a market cycle, in which…

What is an Import Penalty?

Inaccurate classification of goods, valuation of goods, country of origin, or goods not invoiced or declared can lead to CBP applying an import penalty on an importer. Import penalties are fines and legal action applied to importers by U.S. Customs and Border Protection (CBP) when goods are imported into the United States in violation of…

Types of Customs Import Duties

When importing into the United States, shippers should have an understanding of the different types of duties they will be required to pay upon entry. Customs Duties are an indirect tax imposed on goods imported into the United States. The government collects customs duties to protect the economy, citizens, jobs, environment, and more by controlling…

How are Import Duties and Taxes Calculated?

Those curious about how import duties, tariffs, and taxes are calculated can find out more in this condensed guide. Duties, tariffs, and taxes are something that all importers are familiar with. These government expenses are calculated using specific and regulated methods. How Import Duties and Tariffs are Calculated Step 1: Determine the duty percentage rate…

What is the Difference Between Taxes, Duties, and Tariffs?

Taxes, duties, and tariffs are often and easily confused with one another when it comes to international shipping. Importers need to understand what they mean and what the key differences are. Duties and tariffs are different types of taxes imposed on foreign goods. A tax is a charge imposed on a taxpayer by a government….

Importing For Amazon: 8 Steps to Begin Selling on Amazon

Those who want to sell products manufactured outside the United States using Fulfillment by Amazon (FBA) will need to learn the basics of importing and the steps for becoming an Amazon seller. FBA sellers can import their products, send them directly to an Amazon warehouse, and fulfill customer orders without having to see or touch…