In recent years, global pandemics, international military conflicts, and market conditions have introduced unprecedented challenges to the global trade landscape, resulting in constantly changing trade compliance rules and regulations. Navigating this complex web of bureaucracy is a significant challenge for even the most resourceful companies. Non-compliance can lead to severe consequences, including fines, shipment delays, and reputational damage. WorkSeer offers a solution by providing a comprehensive database of global trade content and advanced compliance tools to help businesses stay compliant.
Rapid Regulatory Changes:
- Global events trigger frequent updates to trade regulations.
- Staying informed and compliant requires constant monitoring and adjustment.
Complex Bureaucracy:
- Navigating different regulations in over 100 countries can be overwhelming.
- Misclassification or non-compliance can result in significant penalties and operational delays.
Extensive Coverage:
- Restricted Parties List: 200+ resticted parties lists from different agencies globally.
- Harmonized Tariff Schedules: Detailed tariff codes for accurate product classification.
- Export Control Classification Number (ECCN): Precise classification for controlled items.
- Country Charts:: Information on specific regulations and requirements for each country.
- Export/Import Controls: Comprehensive data on export/import restrictions and controls.
- Duties and Taxes: Accurate duty rates and tax information for global trade.
Constantly Updated Information:
- Dedicated Trade Specialists: WorkSeer's experts monitor regulatory changes daily in more than 100 countries.
- Real-Time Updates: Immediate updates to the database ensure users always have the latest and most accurate information.
As international trade regulations become increasingly complex, businesses must be diligent in ensuring that their partners, customers, and contacts are not on restricted parties lists. Non-compliance can lead to severe consequences such as fines, loss of export privileges, and even criminal prosecution. WorkSeer simplifies this crucial compliance task with its comprehensive Global Restricted Parties List solution.
Our Restricted Parties Screening module accurately and efficiently screens your partners and customers against more than 200+ 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.
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.
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
When shipping goods internationally, it is crucial to understand all associated costs beyond the product and shipping expenses. These additional costs, including duties and taxes, can significantly impact the total cost to the buyer. WorkSeer's Landed Cost Calculator helps businesses accurately estimate these costs, ensuring transparency and compliance.
Our Landed Cost calculator provides accurate calculations of duties, VAT, excise, and other applicable taxes. it includes computations for reduced rates from trade agreements or preferential treatments offered by the importing country. It takes into account the incoterm of the contract to compute the actual landed cost to the buyer, determining who is responsible for insurance and various components of domestic and international shipment legs.
Importing products into a country involves navigating various regulations and obtaining necessary licenses or permits. WorkSeer's Import Control System offers a comprehensive solution to help businesses manage these requirements effectively. It identifies the necessary licenses and permits required for importing specific products into different countries. It provides detailed descriptions and notes to specify conditions, exceptions, and supporting details related to each license or permit. It continuously updates information to reflect changes in import control regulations, ensuring compliance with the latest requirements.
Exporting products internationally involves navigating complex regulations to ensure compliance with various export controls. WorkSeer’s Export Control System provides a comprehensive solution to help businesses understand and manage these requirements effectively. The system identifies the necessary licenses and permits required for exporting specific products to various countries. It provides descriptions and notes to specify conditions, exceptions, and supporting details related to each license or permit. Continuously updates information to reflect changes in export control regulations, ensuring compliance with the latest requirements. It tailors information to specific country regulations, ensuring businesses have all necessary details for their target markets.
Ability to screen customers and trading partners against over 200 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 100+ countries
Timely availability of reliable global content helps avoid non-compliance penalties.