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Sunday , April 21 2019

FCA Incoterms


FCA Incoterms – Free Carrier (named place of delivery) The seller hands over the goods, cleared for export, to the first carrier with whom he has made the arrangements (even if that carrier has been chosen by the buyer). The buyer normally pays for carriage to the port of import, …

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EXW Incoterms


Section A – Any mode of transport 1.EXW Incoterms – Ex Works (named place of delivery) This simple arrangement places the onus on the buyer to carry out the whole shipping process. The seller just makes the goods available at his factory or warehouse at the agreed date: if he physically …

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Incoterms 2010 Contd


Incoterms 2010 It may also help to note the significance of the first letter in the terms: C terms require the seller to pay for shipping. D terms mean that the seller or shipper’s responsibility ceases at a specified point, and they deal with who will pay pier, docking and …

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Incoterms 2010


Incoterms 2010 This latest version was launched in September 2010 but actually came into being on 1st January 2011. This sometimes leads to confusion, with people referring to Incoterms 2011; and you may hear references to Incoterms 2012 or Incoterms 2013. They are not, however, updated annually and the correct …

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What is the ICC(International Chamber of Commerce)?


  What is the ICC? Based in Paris, ICC was founded in 1919. In the chaos that followed WW1, a group of industrialists and financiers were determined to try to bring some order into world trade and to establish some rules and agreements that would make it easier to do …

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Incoterms :-International Commercial Terms


  Incoterms’ has become a stock term in the international freight world. In fact it is a word that is copyrighted by the International Chamber of Commerce (ICC). Following some years of discussion and drafting within the ICC, they issued the first International Commercial Terms (Inco terms) in 1936. There …

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To Reduce Air Freight costs


  Shipping by air is can be extremely high in price, but there are ways to cut these air freight costs. Freight costs can scale very fast high, depending on many factors such as cargo type, distance, the number of shipments per month..etc.  Identified Some best ways to reduce air freight …

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To note the actual piece count for Shipment


 If you have 24 boxes on 1 skid, and the BOL only says “1 skid”, your customer may receive “1 skid” and sign that it was accepted with no problems, even if the skid only contained 23 boxes upon delivery. Although the driver may not enjoy counting each piece of …

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