Mauricio Barraza Ibáñez’s Post

Today’s unpredictable global trade environment makes getting goods through customs more challenging than ever. You need more than just manual processes to stay compliant when dealing with constant supply chain disruptions and evolving regulations. In a recent article, we explored how trade compliance software helps shippers overcome significant challenges, streamline operations, and ensure that customs processes are handled promptly, correctly, and consistently. Read the full article to learn more about the top three reasons shippers struggle with trade compliance: https://lnkd.in/gzbVFzQG Get in touch with Grant Sernick or contact us to learn more about how 3rdwave’s platform empowers shippers to take control of their data and processes: https://lnkd.in/gnEAWejc #trade #import #export #transportation #tradecompliance #customs #supplychain #tech #technology #logistics #internationalshipping

Know what the difference is in my workday? Effective trade compliance management. When everything is aligned—clear regulations, smooth processes, and the right support—I get the privilege of ensuring global trade runs like a well-oiled machine. When it’s not aligned? It’s firefighting—managing last-minute compliance checks, racing against regulatory changes, and ensuring no shipment gets stuck at the border. It’s easy to celebrate the wins, whether that’s: -Navigating complex international regulations -Securing seamless customs clearance -Ensuring compliance with export controls -Preventing costly delays for customers But it’s also important to acknowledge that not every business has the same resources to manage trade compliance effectively. When I started out, compliance felt more like ‘survival mode.’ So if your business has well-defined processes and your shipments flow smoothly, take a moment to appreciate that. It didn’t happen overnight. And if trade compliance still feels like an uphill battle every day? You’re not alone—many businesses face that same challenge. Just remember: there’s always a solution. Sometimes, it’s just about finding the right one. You’ve got this. 💪 (And hey, as the weekend rolls in, don’t forget to recharge. You’ve earned it—Monday will be ready when you are! ☀️)

International trade is more complex than ever, with shippers facing serious challenges in customs compliance. Relying on manual processes is no longer viable. The right trade compliance software is essential for achieving consistency and accuracy. That’s the theme behind our latest article, which covers: - The major challenges of global trade compliance - How to streamline cumbersome processes - The benefits of integrating trade compliance with operational processes Discover how 3rdwave’s trade compliance software can help you take control of your data and ensure smooth customs clearance every time. https://lnkd.in/gzbVFzQG #internationalshipping #shipping #maritimeshipping #supplychain #logistics #tech #technology #transportation  #import #export #customs #customsmanagement

I am continually striving to enhance understanding among individuals outside the Trade Compliance Industry. It is crucial to delineate the importance of Trade Compliance, to internal and external customers. Drawing an analogy with the ongoing Olympic Games, one might liken an international shipment to an Olympic relay team. The objective, akin to a relay race, is to deliver our product to the end customer in a timely, efficient, and cost-effective manner. The shipment is the “baton” being handed off between relay team members. Each team member is responsible for the efficient movement of the baton through their leg of the journey. The process commences with the initial phase at the production warehouse. Here, the team prepares the shipment by gathering the necessary information, packaging, and bundling the items. The warehouse team then informs the next phase of the relay team, ensuring that all packaging materials and protective items are ready and secured for the subsequent stages. The baton in this analogy is validated through compliance filings with the exporting country’s government, which includes confirming authorization to export the product to the destination country. Following this, the baton is handed over, ideally resulting in a seamless transition, whether to an internal drayage team or an external carrier. The second phase can involve transporting the product to a major shipping hub, such as an ocean or airport. There may be another hand off to load the international shipment on to a Ship or an airplane to bring the product to the destination country. It is vital that carriers selected for this phase are aligned with the goal of ensuring smooth delivery to the customer. Upon arrival, the baton transitions to the customs broker. This phase, which may range from a few hours to several weeks, is critical. The broker must be adequately prepared to assume responsibility, which includes prior notification of the shipment and the removal of any potential regulatory obstacles. Customs officials may introduce additional delays through secondary inspections, impacting the time required for the broker to clear the goods. Once customs clearance is achieved, the baton is handed over to the final leg of the relay. The final carrier then transports the cleared goods to the customer’s destination. The race concludes only when the goods are physically delivered to the customer. Any issues encountered during the race can significantly affect the perceived performance of the entire team.

💡 𝐓𝐫𝐚𝐝𝐞 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞: 𝘛𝘩𝘦 𝘏𝘪𝘥𝘥𝘦𝘯 𝘒𝘦𝘺 𝘵𝘰 𝘊𝘶𝘵𝘵𝘪𝘯𝘨 𝘊𝘰𝘴𝘵𝘴 𝘪𝘯 𝘚𝘶𝘱𝘱𝘭𝘺 𝘊𝘩𝘢𝘪𝘯𝘴 💸 When people think of trade compliance, they often focus on avoiding penalties and staying on the right side of the law. But have you considered how effective compliance strategies can unlock cost-saving opportunities in your supply chain? Here are a few ways trade compliance can boost your bottom line: 🔑 𝐋𝐞𝐯𝐞𝐫𝐚𝐠𝐢𝐧𝐠 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐭𝐢𝐚𝐥 𝐓𝐫𝐚𝐝𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭𝐬 Understanding Free Trade Agreements (FTAs) and preferential duty programs can reduce or eliminate tariffs on eligible goods. A compliance professional ensures your company maximises these savings without risking violations. 🔑 𝐃𝐮𝐭𝐲 𝐃𝐫𝐚𝐰𝐛𝐚𝐜𝐤𝐬 Companies often overlook the opportunity to reclaim duties on imported goods that are later exported. A strong compliance function ensures these refunds are claimed efficiently. 🔑 𝐀𝐜𝐜𝐮𝐫𝐚𝐭𝐞 𝐂𝐥𝐚𝐬𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 Misclassification of goods or incorrect customs valuation can lead to overpaying duties. A skilled trade compliance team ensures your products are classified correctly, optimising costs while maintaining compliance. 🔑 𝐀𝐯𝐨𝐢𝐝𝐢𝐧𝐠 𝐃𝐞𝐥𝐚𝐲𝐬 𝐚𝐧𝐝 𝐏𝐞𝐧𝐚𝐥𝐭𝐢𝐞𝐬 Non-compliance can lead to costly shipment delays, storage fees, or hefty penalties. A proactive compliance strategy prevents these hidden costs from eating into your profits. Having recently worked on Trade Compliance roles, it’s clear how integral these professionals are—not just in keeping businesses compliant but also in driving cost efficiencies across global supply chains. If you’ve seen the value trade compliance has brought to your organisation or have insights to share, I’d love to hear your thoughts! #TradeCompliance #SupplyChainSavings #CostOptimisation #Logistics #Recruitment #GlobalTrade

Maintaining data accuracy is essential in today's intricate logistics environment, particularly when it comes to Harmonized System (HS) compliance. Clear, accurate data lowers risks, prevents delays, and maintains seamless cross-border movement of commodities. Customs compliance is a competitive advantage for logistics companies doing business in the EU, not just a legal need. The foundation of HS compliance is clean data, which is also essential to the seamless movement of commodities across the global supply chain. Find out why data cleaning is crucial for managing EU compliance standards and how it may improve your logistics operations. Read more here: https://lnkd.in/etvzS4ix

International trade compliance is crucial for businesses engaged in global commerce. It involves adhering to various laws, regulations, and standards set by countries to control the import and export of goods and services. Here’s why it is essential: Avoiding Legal Consequences: Non-compliance can result in severe penalties, including hefty fines, restrictions on trade activities, and even imprisonment. Regulatory bodies across the globe have stringent measures in place to ensure that businesses comply with trade laws. Violations can lead to legal actions that not only harm a company’s financial standing but also its reputation. Therefore, understanding and adhering to these regulations is vital for any business operating internationally. Enhancing Reputation and Credibility: Businesses that consistently adhere to trade regulations are viewed as reliable and trustworthy partners. This reliability can open doors to new opportunities, as companies prefer to work with compliant partners to mitigate their own risks. A strong compliance record demonstrates a company’s commitment to ethical practices and corporate responsibility, which is increasingly important in today’s global market. Mitigating Risks: International trade involves various risks, including geopolitical risks, supply chain disruptions, and changes in trade policies. Compliance programs help businesses identify and mitigate these risks. By staying informed about the latest regulations and ensuring adherence, companies can avoid disruptions caused by non-compliance. For instance, complying with export control regulations ensures that businesses do not inadvertently engage in trade with sanctioned countries or entities, thus avoiding potential legal and financial repercussions. Streamlining Operations: Effective compliance programs streamline business operations. They ensure that all aspects of the trade process, from documentation to logistics, are handled efficiently. Compliance ensures that all necessary permits and licenses are obtained, reducing delays at customs and other checkpoints. This efficiency not only saves time and money but also enhances the overall supply chain performance, allowing businesses to meet their delivery schedules and customer expectations more effectively. Building Customer Trust: Customers today are more informed and concerned about the ethical practices of the businesses they patronize. Compliance with international trade laws assures customers that a company operates legally and ethically. This assurance builds customer trust and loyalty, which are critical for long-term business success. Customers are more likely to support businesses that demonstrate a commitment to legal and ethical standards. Global4Pl has been helping clients navigate the challenges of trade compliance; avoid unnecessary fees and keep their supply chain running. Send us a note to learn more about how we can support your business.

Customs & Trade Compliance role as your career and how relevant is this role nowadays? For me, this is a promising and strategic decision especially in today's global market and why i say so? 1. Growing Demand - International trade keep increasing, creating higher demand for professional who can navigate complex regulations and ensure compliance. That means more job opportunities and career growth potential. 2. Strategic Importance - Trade compliance is crucial for businesses to avoid costly penalties and maintain smooth operations by ensuring that companies adhere to trade laws, this position help safeguard their reputation and financial health. 3. Diverse Opportunities - The field offers various roles, from customs brokers and compliance officers to trade analysts and managers. This diversity allows you to find a niche that aligns with your skills and interests. 4. Technological Advancements - The rise of digital tools and automation in trade compliance means you can work on the cutting edge of technology, making processes more efficient and reducing risks. 5. Ethical and Sustainable Practices - There's an increasing focus on ethical and sustainable trade practices. As a compliance professional, you can play a key role in ensuring that companies adhere to these standards, contributing to a more responsible global trade environment. 6. Global Impact - Your work in trade compliance has a direct impact on global trade, helping to facilitate the smooth flow of goods across borders and contributing to international economic stability. I am proud to be part of Customs & Trade Compliance professionals. Together we can create a safer and better trade networks.

📦 In the world of logistics and international trade, clear documentation is crucial for smooth operations. Four essential documents often used are the Bill of Lading (BL), CMR, CIM, and Airway Bill (AWB). While each serves the purpose of documenting goods during transit, their specific uses and distinctions are vital to understand: 1. Bill of Lading (BL) A BL is a legal document issued by a carrier to the shipper, primarily for sea freight. It serves three purposes: Receipt of goods: Confirms goods were received in good condition. Contract of carriage: Defines the terms of transport. Title of goods: Is used to transfer ownership. BLs are negotiable, making them a critical tool in global trade. 2. CMR (Convention on the Contract for the International Carriage of Goods by Road) This document is used in road transport, especially for cross-border shipping within Europe and some neighboring regions. Non-negotiable: Primarily a transport contract and proof of receipt. Specifies the responsibilities and liabilities of parties involved. 3. CIM (Convention Internationale concernant le Transport des Marchandises par Chemin de fer) Used for rail freight under the COTIF (Convention on International Carriage by Rail) framework. Like the CMR, it is non-negotiable and acts as a transport contract. Facilitates standardized practices for international rail transport. 4. Airway Bill (AWB) An AWB is a document used for air freight, issued by airlines or freight forwarders. Non-negotiable and serves as a receipt, contract, and instruction document for air shipments. Unlike the BL, it does not serve as a title of goods. Key Differences at a Glance: These documents not only ensure legal compliance but also streamline the logistics process. Understanding their roles helps businesses mitigate risks and ensure smooth trade operations!

Trade compliance is 100% about legality. Legality is 100% about precision. 10 core areas of trade compliance: 1. Regulatory Compliance Customs Regulations: Ensure all import/export activities follow the customs regulations of both origin and destination countries. Export Control Laws: Adhere to laws like the U.S. EAR, ITAR, or their equivalents. Sanctions & Embargoes: Monitor and comply with international sanctions (e.g., OFAC sanctions). 2. Classification & Documentation Harmonized System (HS) Codes: Accurately classify goods for tariff and duty purposes. Import/Export Documentation: Prepare and verify essential documents like commercial invoices and export licenses. ECCN Classification: Ensure proper Export Control Classification Numbers for dual-use goods and technologies. 3. Tariffs and Duties Tariff Management: Understand and apply correct tariffs and duties, including preferential trade agreements. Duty Programs: Identify opportunities for duty drawback/mitigation on imported goods. 4. Screening and Risk Management Denied Party Screening: Perform due diligence to avoid trading with restricted or denied parties. Trade Compliance Audits: Conduct internal audits to ensure adherence to trade regulations. Risk Assessments: Evaluate trade routes, product classifications, and country risks. 5. Technology and Data Compliance Encryption Controls: Ensure compliance with export controls related to software and technology. Data Transmission Regulations: Ensure international data transfers comply with local export and data privacy regulations. 6. Supply Chain and Vendor Management Supplier Certification: Ensure suppliers adhere to trade compliance rules. Third-party Logistics (3PL) Management: Work with freight forwarders and customs brokers for compliance during goods movement. 7. Country-Specific Regulations Regional Trade Laws: Comply with specific regional requirements like REACH in the EU. Foreign Corrupt Practices Act (FCPA): Ensure compliance with anti-bribery laws when conducting international business. 8. Training and Awareness Employee Training: Regularly train internal teams on export/import regulations and company trade policies. Updating Stakeholders: Keep key stakeholders informed about changes in trade regulations and tariffs. 9. Government Interaction Licensing and Permits: Obtain required permits and licenses for restricted goods. Communication with Customs Authorities: Liaise with government agencies for smooth processing of imports and exports. 10. Corporate Responsibility and Ethics Corporate Social Responsibility (CSR): Align trade activities with ethical standards, including sustainability and human rights. Environmental Regulations: Comply with global environmental laws impacting product exports. Trade compliance is a complex web of legal, financial, operational, and ethical considerations. Precision and adherence to regulations reduce risks and protect your company.