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The United States Customs and Border Protection (CBP) requires a sort of financial guarantee known as an import bond for specific types of commodities that are brought into the country from other countries. A assurance that the importer will pay any tariffs, taxes, or fees that are owed on the imported products is provided by…

In recent years, there has been a noticeable increase in the volume of trade that occurs between the United States and Vietnam. Trade relations between the United States and Vietnam date back to the 19th century, when Vietnam was still a colony of France and the United States was working to increase its influence in…

There are two distinct categories of logistics organizations that work to make it easier for commodities to travel from one location to another. These companies are known as freight forwarders and non-vessel operating common carriers, respectively. Although both kinds of businesses offer services that are comparable to one another, such as the coordination of transportation,…

The National Motor Freight Classification (NMFC) system is a standard method that is used by the trucking industry to categorize and rate various types of commodities for less-than-truckload (LTL) transportation. Its full name is the National Motor Freight Classification. The NMFC is a standardized system that categorizes each product into a certain commodity class according…

Verified Gross Mass (VGM) is a measurement of weight that is used in the shipping industry to assure the safety and security of cargo containers. This measurement was developed in the 1970s. Before the cargo is put into the ship, it is the shipper’s job to provide the VGM to either the carrier or the…

Any company that participates in foreign trade, including importers in the United States, should give serious thought to obtaining cargo insurance at the very least. The fundamental objective of cargo insurance is to offer financial protection in the event that valuable items are stolen or damaged while being transported. As a consequence of this, cargo…

The Long Beach Container Terminal has a long and illustrious history that dates back to the early part of the 20th century and can be found at the Port of Long Beach, which is located in the state of California. The port itself was founded in 1911, but it wasn’t until the 1950s that construction…