ABSTRACT
This chapter focuses on the necessary information flow and actions necessary to be trade compliant in exports. The supply chain has a huge logistics component that interfaces with every aspect of the business model. INCO Terms are part of an international contract of purchase and/or sale between two or more parties and determine a point in time and trade where the responsibility and liability transfers from the seller to the buyer. Bonded warehouses is a supply chain option which allows importers and exporters to temporarily hold freight where the import is deferred along with duties, taxes and other import costs, until such time the goods enter the country or are exported from that country. Areas also included in trade compliance have to do with documentation, classification, valuation, record Keeping, export license requirements, and denied party listingto name a few of the operational concerns.
