This checklist ensures compliance with legal requirements, reduces the risk of errors, and expedites customs clearance processes, thereby promoting efficient and error-free international trade transactions. Regular updates and meticulous verification of the checklist contribute to the success of global business operations by fostering clarity, transparency, and adherence to international trade standards.

Landed cost calculation is a crucial aspect of international trade, and it plays a significant role in the overall success and profitability of businesses engaged in global commerce. Landed cost refers to the total cost incurred by a company to get a product from its point of origin to its final destination, including not only the purchase price of the product but also all the associated expenses and fees.

It is designed to efficiently manage and track the status of import and export activities within an organization. This contributes to a more streamlined and effective international trade operation.