24 May 2023
Understanding Credit Guarantee Fund Trust for Micro and Small Enterprises
In August of 2000, the Government of India and the Small Industries Development Bank of India (SIDBI) formally launched the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. The funds for the CGTMSE scheme are contributed by the Government and the SIDBI in a ratio of 4:1, respectively.
02 February 2023
A Guide to Understanding Open Invoices
Many businesses allow their clients the flexibility to make necessary payments for purchases at a later date. This enables customers to make purchases without any stress. However, this can add a strain on the business’ working capital. Therefore, it is essential for these businesses to keep track of pending payments from their clients.
09 December 2022
What You Need to Know About Air IGM
IGM or Import General Manifest is a legal document containing information about the cargo arriving at the destination port. The airlines carrying the shipment or the broker must file the Air IGM against the master airway bills on ICEGATE (Indian Customs and Central Excise Electronic Commerce/Electronic Data Interchange).
18 October 2022
What is a Top Open Container? Types, Designs, Specifications & Dimensions
The basic structure of shipping containers is much more significant than what many people may think. That’s because factors such as the safety of goods being carried, the quantity of goods that can be accommodated, and others depend heavily on it. Essentially, there are several types of cargo containers.
02 September 2022
Terminal Handling Charges (THC): Meaning, Calculation, and Examples
Authorities at the port terminals charge a specific amount for their services when goods reach their site. These expenses are known as THCs. The services include loading and unloading, storage, movement, and maintenance of the shipment.
13 September 2022
TEU |Twenty Foot Equivalent Unit in Shipping
Twenty-Foot Equivalent Unit (TEU) is a widely used unit of measurement in the shipping business. It is an intermodal shipping container with dimensions (L x B x H) : 20ft x 8ft x 8ft. At least 9 to 11 pallets are held by these containers subject to the type of pallets i.e., standard or EUR pallets. The capacity of 2 TEUs is equivalent to the capacity of 1 FEU.