Dave Bisney

Shipping goods may sometimes take more time than it was planned due to the variety of reasons.The most common is the weather as it influences almost all means of transport. Extremely bad weather conditions may require additional time and costs. It may shift the delivery time for 1-2 weeks in some cases.Also, some tech malfunctions of the vehicle or vessel usually influence the delivery. However, the delay in such cases is not long.The problems at customs. The identification of violations may lead to the apprehension of containers that may affect the time of delivery of your cargo. So, make sure that you have all the documents in order.Shipping during some of the busiest periods of the year may also end with cargo delays. Try to avoid peak seasons and delivery during big holidays if you don’t want to take the risk. Sometimes, the cargos are abandoned because of too long transit period. If it is crucial for the consignee to receive the goods on time, a delay in the delivery could be a reason for declining the shipment.

Here is the US top trading partners:Canada: US$292.4 billion (17.8% of total US exports)Mexico: $256.4 billion (15.6%)China: $106.6 billion (6.5%)Japan: $74.7 billion (4.5%)United Kingdom: $69.2 billion (4.2%)Germany: $60.3 billion (3.7%)South Korea: $56.9 billion (3.5%)Netherlands: $51.2 billion (3.1%)Brazil: $43.1 billion (2.6%)France: $38.8 billion (2.4%)Belgium: $34.8 billion (2.1%)India: $34.4 billion (2.1%)Singapore: $31.5 billion (1.9%)Taiwan: $31.2 billion (1.9%)Hong Kong: $30.8 billion (1.9%)

The first step in ensuring export compliance is determining who has jurisdiction over your goods. There are three ways to classify your commercial products for export controls: You can self-classify your products by finding your item’s Export Control Classification Number (ECCN) on the Commerce Control List (CCL). Also you can submit a Simplified Network Application Process - Redesign (SNAP-R) request for a ruling from the Bureau of Industry and Security (BIS).

A Bank Guarantee is an agreement between 3 parties specifically, the bank, the beneficiary, and the applicant. The beneficiary is the one who takes the guarantee. And the applicant is the party who pursues the bank guarantee from the bank. Bank Guarantees are a vital banking arrangement and it plays an important role in encouraging international and domestic business. It is a way for companies to prove their creditworthiness. It is a ‘promise’ to make payment to a third party under certain circumstances – such as the failure of obligations from the buyer. In the case of international BG, along with the 3 parties, there is also a “correspondent bank”. If a bank does not have a branch in some foreign country, it issues BG in that country through its “correspondent bank”. The bank does all the required due diligence, financial and business analysis before issuing the guarantee.

There are certainly a lot of reasons: Infrastructure Education Mentality. But first and foremost I would rank German company culture: There is no wide gap between white collar and blue collar workers. Hierarchies are certainly existing but they are flat and rather informal. Everyone sees it as his responsibility to do his part in achieving company success. “Simple” workers do not just do “what they are told”, they take responsibility and this is encouraged and expected by management. This leads to high quality of output and finally to high prices on the market. Unions are not simply in the business of monopolizing the workforce and extracting rents from companies — they are mostly consensus-oriented and highly active in the political process. This keeps German companies lean and flexible.