Global Trade Content

Global Trade Content

Global pandemics and international military conflicts in the recents years have brought new challanges to the global trade landscape thus shaping a constantly changing trade compliance rules and regulations. Staying compliant to the rapid changes Navigating this complex web of bureaucracy is a challenge for even the most resourceful companies. If you don't operate with the right information, you're bound to experience the consequences of non-compliance.

Fortunately, WorkSeer has developed the most comprehensive and up-to-date database of global trade content in the industry. From denied party screening lists to Harmonized System designations to accurate duty rates, the WorkSeer database provides every piece of data to ensure your company remains compliant with international trade regulations.

Every day, WorkSeer’s dedicated trade specialists monitor the industry for changes to regulations in more than 100 countries. They then immediately update the trade content database to ensure that the WorkSeer users are utilizing the latest and the most accurate information possible. When you're on the WorkSeer platform, you feel at ease knowing that you're following the most up-to-date regulations and that compliance is guaranteed.

When using WorkSeer, users access the most comprehensive database of trade content in the global trade management industry. This database is comprised of information for more than 100 countries and includes data on Harmonized Tariff Schedules, ECCN, Country Chart, Export/Import Controls, and more. When it comes to compliance, make the switch to WorkSeer to finally gain the import/export peace of mind that you deserve.

Workseer captures Trade compliance data classification of over 100 number of countries and covers major countries in international trade. Some of the key countries covered are:
United States, Canada, Mexico, United Kingdom, Austria, France, Malta, Belgium, Germany, Netherlands, Bulgaria, Greece, Poland, Croatia, Hungary, Portugal, Cyprus, Ireland, Romania, Czech Republic, Italy, Slovakia, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, Singapore, Hong Kong, Australia, Japan, and many others.

We have a geo-distributed team and a consistent process of onboarding data for new countries in a very short period of time. We also cater to customer's requests to perform research in areas of specific interest in trade compliance.

Global Restricted Parties List

The rules and regulations that govern international trade are becoming more complex and intertwined every year. Facing consequences such as fines, loss of export privileges, and even criminal prosecution, international shippers must feel confident in their ability to assess if their partners, customers, or other contacts are designated as restricted parties. What would be impossible to do manually is made easy with WorkSeer.

Our Restricted Parties Screening module accurately and efficiently screens your partners and customers against more than 300+ up-to-date lists of restricted parties and entities, embargoed countries, and debarred individuals. WorkSeer users not only conduct their business with increased confidence in compliance but also operate with improved speed and efficiency by allowing WorkSeer to automatically prepare and submit required compliance documents.

Tariff Classification

For goods imported into another country, it is imperative to have proper identification of the product as per the scheme agreed by the World Customs Organization (WCO). This coding system generally referred to as "Harmonized System" or simply "HS" is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). This system is used by over 200 countries for Customs tariffs and for the collection of international trade statistics. This may also be used for imposing non-tariff barriers through license, permits and documentation. HS number serves as the starting point for any trade compliance solution.

Our HS Classification solution provides multiple options to classify the products:

Tree based search: This option allows the user to traverse through the entire Tariff book starting from Section, Chapter, Subchapter (4-digits), subchapter (6-digits), and further as defined by individual countries. Users can use this option for classifying their products and determining the best option based on the tariff description and additional notes (section and chapter notes).

Number search: This option provides a user to start their classification by narrowing their search a smaller portion of tariff numbers. This option works best for knowledgeable users who already know where to focus their search. They can begin by entering a partial HS number and explore further.

Text search: This option allows the users to search using product description. The system narrows down the search to a subsection of tariff numbers and helps the users to select the correct tariff through a series of questions.

We recommend using our online system for thorough research and analysis to identify the correct HS number. We also provide a classification service, where experts perform the product classification for the clients.

Tariff Classification Service: In addition to self-service, Workseer also collaborates with custom brokers and partners to provide a manual classification service. Clients can send their product list and we work with the relevant custom brokers and partners who specialize in that specific country to help identify the correct HS number for each product.

Export Classification

While exports from countries are also controlled using HS numbers, the dual use goods and military goods are primarily controlled through Export Control Number (ECN) also known as Export Control Classification Number (ECCN). The export to such goods and the requirements for license or permits, and any available exemptions are determined using ECN numbers.

Our ECN Classification solution provides multiple options to classify the products:

Tree based search: This option allows the user to traverse through the Categories, product groups and subsequent ECN numbers. Tree feature provides the users an easy to use top down approach to start from a broader view and continually narrow down to the final ECN number.

Number search: This option provides a user to start by narrowing their search to a smaller portion of ECN. This option works best for knowledgeable users who already know where to focus their search. They can begin by entering a partial ECN number and explore further.

Text search: This option allows the users to search using product description. It works best by using the key attributes of the product. The system narrows down the search to a subsection of tariff numbers and helps the users to select the correct tariff through a series of questions.

ECN Classification Service: In addition to self-service, Workseer also collaborates with custom brokers and partners to provide a manual classification service. Clients can send their product list and we work with the relevant custom brokers and partners who specialize in that specific country to help identify the correct HS number for each product

Landed Cost

When shipping goods to another country, in addition to the product and shipping costs, additional costs in terms of duties and taxes needs to be paid, which may come as a surprise, if it is not disclosed in advance. The actual cost to the buyer depends on incoterms of the contract which determines who is responsible for and pays for the insurance and various components of domestic and international legs of the shipment.

Our Landed Cost calculator provides an accurate amount of Duty, VAT, Excise, and other taxes that needs to be paid. In addition it also provided a computation of reduced rates from trade agreements or preferential treatment offered by the importing country. Our system also takes into account the incoterm of the contract to compute the actual landed cost to the buyer.

Import Controls

The import control system provides the customers a view of the licenses and/or permits that may be needed to import certain products to the country. Additional information in form of description and notes are provided to specify conditions, exceptions, supporting details, and other information that may help in the importing process.

Export Controls

The export control system provides the customers a view of the licenses and/or permits that may be needed to export certain products to the country. Additional information in form of description and notes are provided to specify conditions, exceptions, supporting details, and other information that may help in the exporting process.

Total Compliance

The Total Compliance solution provides the customers an option to get a consolidated view of taxes, import controls, export controls, and screening details in a single request. It serves as a single pane of glass providing a complete picture.

Sourcing Explorer

Sourcing explorer provides the customer with an ability to compare tariff and non-tariff controls for procuring the same product from multiple countries. It helps our customer make the best decision when making a decision in picking the country to export goods from.

New Market Explorer

New Market explorer provides the customer with an ability to compare tariff and non-tariff controls when deciding on introducing their product to new markets. It helps our customer in prioritizing which market to enter first to maximize profits.

Key Benefits

Ability to screen customers and trading partners against over 700 regularly updated lists of restricted parties and entities, embargoed countries, and debarred individuals.

Complete audit trail and historical recods of product classifications, parties screening, transaction screening, document generations and critical information changes reduces corporate risks.

All trade contents are hosted on the Cloud environment, eliminating the need to synchronize up-to-date trade content with company systems. The latest trade contents are available to all our customers as soon as they are published by the global trade content team, managing content round the clock for 200+ countries

Timely availability of reliable global content helps avoid non-compliance penalties.