GOST standards

GOST is technical standards kit in force in the CIS countries. For some products, GOST certification is required (more than 20,000 items in total). Others can undergo this procedure at will, for example, to create a better image.

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CPT Incoterms

What does the term CPT Incoterms mean?

CPT delivery term in Incoterms 2010 is decrypted “Carriage Paid To” with an indication the destination place. The dealer will transfer the cargo released in the customs export mode to the carrier.

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What is DDU?

Delivered Duty Unpaid is a transborder commercial term that represents the marketer’s liability for the secure freight delivery to a specified location. Payment of shipping expenses and taking every risk during transportation is also the accountability of the consignor.

The purchaser is answerable for paying import duties and for further shipping charges upon supply to the addressee.

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Putin signed a law on monitoring the turnover of labeled goods

Russian President Vladimir Putin signed the law on the creation of a state information system that allows to track the movement of goods subject to mandatory labeling. According to the document the system should be created and implemented from January 1, 2019. The state information system provides monitoring the movement of goods from the manufacturer to the final consumer using control (identification) marks. This system is an integral part of the process of mandatory labeling of goods, allowing for transparency and traceability of trade.
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Russia and Vietnam aim to triple trade turnover by 2020

Moscow wants to boost economic ties with Hanoi, according to the Russian Prime Minister Dmitry Medvedev. He said the two countries have agreed to nearly triple trade turnover by the end of next year. Medvedev is currently on an official visit to Vietnam where he has already met with the Vietnamese Prime Minister Nguyen Xuan Phuc.
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