Global trade management can be complex…and so can the terminology! We created a series of short videos to help you understand the basics. These videos focus on the key points you should know about restricted party screening, landed costs, duties, tariffs, and incoterms.
In the first video of the series, we explain what a restricted party is, and why Restricted Party Screening (RPS) should be an essential part of your compliance program. If your company engages in business with a denied party, you can face fines, penalties, a loss of export privileges, and even jail time.
Take a minute to learn more about restricted parties - watch this short video:
Be sure to check back next week for part two of this series, which will focus on landed costs.
This post was published on July 22, 2014 and updated on July 22, 2014.
