Results for category "SAP GTS"

47 Articles

European Customs Freight Simplified Procedures (CFSP)

CFSP-procedures

Customs Freight Simplified Procedures (CFSP) is a customs declaration system for importers, replacing period entry and period warehousing. The CFSP is administered by HMRC, allowing for faster release of imported goods from European member countries.

There are many benefits to CFSP including reduced freight-forwarder fees as well as control and visibility for importers. Read More →

Implementing SAP GTS to achieve AEO Status

AEO-Status-C-TPAT

What is AEO?

Authorized Economic Operator or AEO is a term used to refer to supply chain security programs which are governed by European Community law. The European Union created AEO regulations as a legal basis to the “Community Customs Code” (CCC) and its implementing provisions. Read More →

Deciphering Global Trade Acronyms

OMG-trade-acronyms

Global Trade Acronyms

Anyone working in the Supply Chain space knows all too well how many acronyms can get thrown around in the day-to-day trade and supply chain world. It can be overwhelming and at times it can feel like folks are just making up new acronyms as they go. We are compiling a list of commonly used acronyms in the international trade community. This list is not all-inclusive but we hope it serves as a good reference. Read More →