Final answer:
The CISG is the international equivalent of the UCC, focussing on the rules for international sales contracts.
Step-by-step explanation:
The international equivalent of the Uniform Commercial Code (UCC) is known as the United Nations Convention on Contracts for the International Sale of Goods (CISG). The UCC is a comprehensive set of laws governing all commercial transactions in the United States.
Unlike the UCC, which applies to domestic transactions within the United States, the CISG facilitates international trade by providing a set of rules that contracting parties from different countries can apply to their transactions. Both the UCC and the CISG deal with risk, mainly in terms of when risk passes from the seller to the buyer and how contractual obligations are enforced.
C-TPAT (Customs-Trade Partnership Against Terrorism) is an important security program led by the U.S. Customs and Border Protection (CBP) focused on improving the security of private companies' supply chains with respect to terrorism. It is important because by participating in this program, companies strengthen their supply chain security and gain advantages such as reduced number of CBP examinations, priority processing for CBP inspections, and potential eligibility for other CBP programs.
Here are three advantages of C-TPAT to a company’s logistics operations:
Improved Security: Companies have greater control over their supply chain, which reduces the risk of theft and contraband.
Expedited Shipments: Faster clearance through customs can lead to shorter delivery times.
Competitive Advantage: By ensuring a more secure and efficient supply chain, companies can offer better service to their customers.