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Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
Resource Library
Marine Insurance | Meaning, Types, Benefits & Coverage
Insuring your cargo and exports seems like an obvious decision, but is often overlooked by exporters. Here's why you need Marine Insurance and how to choose the right policy for you.
Telex Release | Meaning & The Complete Guide to Shipping
A telex release is an electronic message sent from an agent or a shipping line at the port of loading (POL) to the agent at the port of discharge. Further, this message paves the way for releasing the consignment mentioned in the bill to the customer/consignee without the OBL.
Merchant Exports | Meaning & Process under GST
Merchant exports are goods that an exporter doesn’t manufacture but instead purchases from a local supplier for exporting to the buyer. These exports typically pertain to the export of goods and not services.
Letter of Credit (LC) - Meaning, Process & Role In International Trade
Learn everything about Letter of Credit & its types including its role in international trade, lc payment types & banks involved using real-world examples. Sample LC included.
Irrevocable Letter of Credit | What is it & How does it work
An ILOC gives the seller a guarantee that he/she will receive the fixed amount due, and also by the right time from the buyer. An ILOC provides added risk protection for the seller by promising a guarantee from both the buyer's and the seller's bank.
NVOCC | Meaning and the complete guide to its process
NVOCC is an acronym for Non-Vessel Owning Common Carrier. It is a special agency that provides services like stuffing and transporting multiple containers to various ports.
Dunnage | Meaning, Types & Usage In Shipping
Dunnage is a commonly used term by industrial packaging technicians in the shipping industry. While transporting manufactured goods, dunnage is an inexpensive material that helps to load and secure all the items transported by ship, road, or rail.
Ocean Bill of Lading | Meaning, Example & More
An Ocean BOL is a legal contract between the shipper and the carrier which acts as a receipt for the mentioned articles that are required to be shipped overseas. When it comes to transporting shipment through international waters, the Ocean Bill of Lading is required.