15 September 2023
India's Export Markets & Recommendations for Exporters: Drip Capital Study
Drip Capital analyzed a few Indian products imported by the US, UAE, and the Netherlands and suggested recommendations for exporters to continue to tap into these geographies.
08 September 2022
What Is Straight Bill of Lading? A Detailed Guide on Straight BOL
In general, a BOL is negotiable. A negotiable bill of lading refers to a document whose title can be changed, i.e., the ownership of the commodities can be changed from one party to another. One can transfer the ownership of the shipment to another party by signing the bill. In a negotiable bill of lading, the new consignee is free to transfer the ownership of the commodities to another person
21 September 2022
What is A Master Bill of Lading? Meaning, Requirements & Example
Arguably, the most significant document in ocean freight is the bill of lading, a document that contains all the information related to the goods being exported, their destination, details about the exporter and importer, and other vital data that help quicken the logistics of ocean freight-based shipments.
31 August 2022
What Are Smaller Sized Shipping Containers? Everything You Need to Know
The International Organization for Standardization governs the sizes and dimensions of shipping containers. This standardization of container sizes ensures that the goods are transported safely across the globe by truck, rail, or ship. The most popular shipping container size is the 20ft shipping container. But for businesses with limited shipping and storage needs, smaller sized containers are also available.
30 August 2022
Consignor And Consignee in Shipping - A Complete Guide
A consignor is an individual or business that initiates and organizes the process of shipping their goods. A consignor is a seller or exporter and is often referred to as the shipper. The consignor selects the carrier or shipping company for transporting the goods to the importer or buyer. The shipping company issues a bill of lading to the consignor once the carrier receives the goods in an acceptable condition and is ready to ship them to the buyer.
22 August 2022
Different Types of Customs Duty in India - Complete List
Custom duty is a tax imposed by a federal or central government on goods and services when they cross international borders. Customs duty can be charged both on exports as well as imports and they're referred to as export duty and import duty respectively.
17 August 2022
What is MEIS? Everything about Merchandise Export Incentive Scheme in India
MEIS stands for Merchandise Exports from India Scheme. It was designed to encourage exporters by providing them with rewards to compensate for infrastructural inefficiencies and other associated costs.
11 August 2022
Line of Credit (LOC) - Meaning, Types & How It Works
A line of credit is a loan account that allows businesses or other entities to draw funds as and when they need them on an ongoing basis. It acts as an open-ended loan in which the lender decides the maximum credit amount that a business can access, giving the borrower the flexibility to draw funds whenever they need them.
04 August 2022
Bank Guarantee Vs Letter of Credit - Examples and Differences
Letters of credit and (LCs) and bank guarantees, both these financial instruments offer guarantees in trade transactions. This makes it possible for someone to use the two interchangeably and get confused. It is hence crucial that traders thoroughly understand each mechanism, the key differences between the two, and their use cases to decide which one to opt for.
04 August 2022
Know the Difference Between FOB and CIF Incoterms
International trade processes can be complex, especially for first-time traders to understand. Even seemingly simple concepts with their abbreviations and variations can baffle novice traders. One such set of abbreviations are the incoterms set by the ICC that clearly define the roles, responsibilities, duties & accountability of the exporter and importer in any given international trade transaction