International shipping is subject to export and import controls, duties, taxes, and the regulations of the 196 countries – each different from the others. Fines, payment of unnecessary taxes, ...

Import duties are usually calculated based on the value of the goods being imported, which can include the cost of the goods, shipping, and insurance (often referred to as the CIF value).

WASHINGTON (Reuters) – The U.S. House of Representatives passed on Monday legislation to improve oversight of ocean shipping, which supporters say will help curb inflation and ease export backlogs.