Trade Wizard has been developed by WorkSeer to provide the User Interface to access the WorkSeer’s Global Trade Content through the Trade Engines. Users can search on various search criteria to retrieve the product classification (ECN & HS), Ad Hoc Restricted Parties Screening, and Landed Cost.
Workseer provides multiple REST APIs to our customers to integrate the trade compliance features directly to their transactions in their order management, procurement system, ERPs oy other such systems, allowing the same user experience to their native system. Some of the APIs provided by Workseer are listed below.
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.
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.
When shipping goods from one country to another country, in addition to the product and shipping costs, additional costs in terms of duties and taxes needs to be paid, which may come as a surprise, if it is not disclosed in advance. The actual cost to the buyer depends on incoterms of the contract which determines who is responsible for and pays for the insurance and various components of domestic and international legs of the shipment.
Our Landed Cost calculator provides an accurate amount of Duty, VAT, Excise, and other taxes that needs to be paid. In addition, it also provides a computation of reduced rates from trade agreements or preferential treatment offered by the importing country. Our system also considers the incoterm of the contract to compute the actual landed cost to the buyer.
REST API call to the RPS Engine can be done with the partner information to be screened is sent in the JSON format. Our RPS engine peforms the real time RPS screens and returns the result back to the calling program. If there are matches found in the Restricted Parties database then the results are returned in the JSON format.