Exporters Urged to Strengthen FOB Trade Risk Management

Exporters Urged to Strengthen FOB Trade Risk Management

This paper focuses on FOB trade terms, outlining its key points and potential risks, with particular attention to the operational procedures of the designated freight forwarder. It emphasizes the need for shippers to fully understand their responsibilities and risks under FOB terms. Choosing a professional freight forwarder and ensuring compliant operations are crucial for gaining an advantage in international trade. By understanding and mitigating these risks, businesses can leverage FOB terms effectively.

New Customs System Eases Trade Amid Environmental Rules

New Customs System Eases Trade Amid Environmental Rules

A WCO workshop in the EAC/SADC region helped customs administrations address environmental risks, combat illicit trade, protect the environment, and facilitate trade. The workshop aimed to strengthen customs' capacity to identify and manage environmental risks associated with cross-border movements. Businesses are encouraged to improve their compliance levels to mitigate potential risks related to environmental regulations and international trade practices. This proactive approach ensures both adherence to legal requirements and contribution to a more sustainable global trade environment.