Results for category "Incoterms"

3 Articles

Chapter wise description of HS Code

World Custom Organization

World Custom Organization

Chapter wise description & detail particulars of HS Code / Heading / Code Notes

HS Code:       HS Code 01

Heading:         0101 – 0106

Code Notes:    Live animals

HS Code:        HS Code 02

Heading:         0201 – 0210

Code Notes:    Meat and edible meat offal

HS Code:        HS Code 03

Heading:         0301 – 0307

Code Notes:    Fish and crustaceans, molluscs and other aquatic invertebrates

HS Code:        HS Code 04

Heading:         0401 – 0410

Code Notes:    Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not    elsewhere specified or included

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Details of HS Code & its role in the international trade

What does the terminology ‘HS Code’ really mean? Which organization created this Code? It’s unique role and functions in the international trade.

The terminology HS Code is an abbreviation of Harmonized Commodity Description and Coding System. The stakeholders involved in the international trade are more familiar with the short expression ‘HS Code’ and use them in different documents of exports & imports. The coding system provides a detail framework of standardized classifications of names and numbers of the products / cargoes which are traded internationally.

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Incoterms – 2010 & its application in the international trade

Why an Exporter & Importer should learn Incoterms-2010

To ensure hazard free construction & implementation of any international sales contract with regard to sharing of costs, risk and responsibility associated with the transportation and delivery of goods between an Exporter & Importer (in other words-Seller & Buyer), it is essential for them to learn the basics of Incoterm-2010 as well as it’s careful & wise application. Apart from the necessary

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