Fernando Jimenez

American Samoa is a signatory land and honors the Hague Convention of 1961; therefore, there are procedures that allow for a uniform process for special documentation. This uniformity should ease the document process greatly. This process is known as Apostille and this type of legalization or certification is used for countries that are party to the Hague Convention. The Apostille is a stamp in the shape of a square. It should be filled in the official language of the issuing authority. Each Apostille is registered and contains the issue date and unique number. The Apostille is issued by the authorities for documents. Authorities from the Samoa require an Apostille certification on government or notarized documents.

Freight insurance provides additional protection to your freight. It protects your customers and your business from financial losses resulting from freight that’s damaged or lost while in transit. There are different types of freight insurance: cargo insurance, shipping insurance, transport insurance and transit insurance. A business insurance package that includes freight insurance offers protection no matter who is at fault for the damage. While you must In addition, a good freight insurance policy may offer coverage excluded by carrier limitations, including civil commotion, strikes, and “acts of God.” The value of a package isn’t limited to the carrier’s bill of lading, nor do you have to bear the burden of proving that the damage or loss is the carrier’s fault. prove the value of the goods and the amount of the loss, there’s no requirement to prove carrier negligence. This type of insurance also covers lost packages. Having a freight insurance policy also prevents the need to make a claim against the business’s general liability insurance policy. This could help save money on applicable deductibles under both a legal liability policy for errors and omissions and a general liability policy.

In today’s world, economic life has become more complex and diversified. The aim of international trade is to increase production and to raise the standard of living of the people.There are some major reasons for countries to engage in international trade. International trade helps citizens of one nation to consume and enjoy the possession of goods produced in some other nation. The primary reason for engaging in international trade is the unequal distribution of resources among nations. Resources are concentrated in some nations and other nations have no option but to trade them (unless a cheaper or better local alternative is found). In general, a nation satisfies the demands for a scarce resource by trading with a more abundant local resource. International trade offers some advantages to a nation. By exploiting its comparative advantage, a nation can specialize in producing certain good and services more efficiently and at low opportunity cost and this allows an economics of scale (large-scale production). International trade also breaks down domestic monopolies and keeps the prices in check (due to competition). It also results in better product quality and generates employment.