| Restricted Party Screening (RPS) |
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Governments around the world maintain lists of “restricted parties” with whom it is illegal to do business or to ship products. These individuals are sanctioned for illegal acts such as international terrorism, narcotics trafficking, money laundering or weapons proliferation. Doing business with these sanctioned parties can result in fines and penalties as well as the loss of export privileges. TradeWizards.com RPS helps companies identify these sanctioned parties before doing business with them. |
| Product Classification |
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In the world of global trade, much depends on the product being imported or exported. Each product has a unique, country-specific classification number that distinguishes it for the purposes of calculating duties, taxes and fees, and determining applicable import and export regulations. TradeWizards.com Product Classification helps companies to properly classify their products. |
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Landed Cost Calculation |
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On the import side, one must know the true landed cost of a product in order to make an informed sourcing decision. Although the price of a product sourced from country A may be lower than the same product sourced from country B, the duties, taxes and fees to import from country A may more than offset the price differential. On the export side, one must quote accurate landed cost estimates to foreign buyers. TradeWizards.com Landed Cost Calculation enables companies to calculate applicable duties, taxes and fees for imported and exported products around the world. |
