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Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
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24 Types of Containers used in International Shipping
Shipping containers are storage units that can be used to move articles from one location to another without damaging the articles or without being damaged by the articles. These containers are reusable and are meant to withstand the challenges posed by the journey. They help to reduce the cost of transportation to a great extent and makes it possible to have long-distance trade.
LC at Sight | Meaning & Complete process
A sight letter of credit is a document which stands as a proof of payment in return of the goods or services to be released for the transportation by the seller. Once the goods or services reach the buyer, the buyer has to pay the financial institution that provided the Sight LC.
How Air Freight Shipping Works in International Trade
Air Freight refers to the goods that are moved by loading them up in an aircraft carrier and sent to their destination via the aerial routes. These aircrafts can be passenger planes, commercial planes, or chartered flights.
Procedure & Charges for LCL Shipments
Learn everything about LCL shipments including meaning, procedure and cost of LCL shipping and what differentiates it from an FCL shipment.
Shipper's Letter of Instruction | Meaning, Format & more
A shipper’s letter of instruction (SLI), also known as the shipper’s export declaration, is an authorization document that is issued by the exporter to its agents or freight forwarders.
CFS Container Freight Station | Meaning, Role & Functions
Container Freight Stations (CFS) help in consolidating smaller shipments or Less Container Load (LCL) shipments, hence playing a vital role in the containerized shipping process.
DAT (Delivered At Terminal) Incoterms - Duties, roles & Charges
DAT is an incoterm published by the ICC, having its first edition in 1936 and the most recent one in January 2020. The recent edition has a new name for DAT, i.e., ‘Delivered at Place Unloaded’, but the responsibilities of the seller and the buyer remain unchanged.
FAS Incoterms 2020 | Free Alongside Ship | Meaning and Shipping term
In the FAS incoterm, the seller has well-defined instructions for the course of transportation till the port of destination and the buyer seizes responsibility for loading the goods -- and all charges -- after the goods reach the nominated port.