Global Trade Compliance
Global Trade Compliance is an essential CargoWise module that ensures shipments adhere to international trade standards and legislation. This function helps companies comply with numerous global norms, such as export/import restrictions, tariffs, duties, and customs procedures. By automating the compliance process, the module reduces the risk of errors, delays, and fines that might result from noncompliance. It guarantees that all required documents, such as invoices, export declarations, and certificates of origin, are correct and compliant with current requirements.
The module connects smoothly with other CargoWise technologies, allowing businesses to monitor the compliance status of their shipments in real time. It compares shipments to restricted party lists, monitors sanctions, and verifies that all export/import licenses are in place before items are transported. This proactive approach allows businesses to avoid costly penalties and ensure smooth operations while transporting goods across borders. Global Trade Compliance also assists organizations in staying up to date on new legislation in different countries, ensuring compliance with the ever-changing environment of international trade law.
