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The Harmonized System is used to classify goods being imported into or exported out of a country. The system serves as the basis for key concepts like tariffs and customs declarations. Given its intricacy and criticality in global trade, it's necessary to understand exactly how it works.
International Commercial Terms govern practically all industrial purchasing transactions. Though straightforward in principal, the intricacies can sometimes result in logistics headaches that you weren't prepared for. Read through the terms in plain english and, if you still have questions, ask purchaser AI for answers.
Because of the complex, hierarchical layout of the NAICS taxonomy, understanding how the codes work and what they mean can get pretty confusing. Dive into the (not so) exciting world of NAICS codes.