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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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Documentary Collection Process In International Trade
Documentary collection is a type of trade financing in which an exporter receives payment for his goods from an importer after the financial institutions of the parties involved exchange the relevant documentation.
What does BAF mean in Shipping?
BAF is based on the twenty-foot equivalent unit (TEU). Its exact value depends on the trade route and represents the variable part of shipping prices attributed to fuel costs.
What does CAF mean in Shipping?
The fluctuating currency exchange rates are one of the biggest concerns associated with exports, which can cause losses for both shippers and procurers. To prevent significant losses, shipping carriers levy an additional charge in the freight bill called CAF.
What is the difference between BAF and CAF?
BAF and CAF are two crucial charges that shipping carriers use to protect themselves against price fluctuations. These surcharges are levied on the total freight bill and play a significant role in understanding the transport’s final price.
E-way Bill | Meaning, Process, Requirements & more
An e-way bill is an electronically generated document essential for a transporter to bear when carrying a consignment worth ₹50,000 or more. It includes vital shipping details like the consignor/consignee's name, end destination of goods, its origin, route etc.
![Import General Manifest [IGM] in Shipping & Exports](https://images.ctfassets.net/vkoe68wv76dt/5SbT4IBUw05Fq72JOdHvRw/1df04d276776f30dd2c6f5b01897434a/Import_General_Manifest.png?w=264&q=65&fm=webp)
Import General Manifest [IGM] in Shipping & Exports
Import General Manifest (IGM) is a document for importing goods by the Indian customs and is issued under Section 30 of the Customs Act, 1962. Learn about the fiing process and more here.
Everything You Need To Know About Tonnage in Shipping
Tonnage in shipping is the carrying capacity of the ship measured in terms of volume or weight. The word 'tonnage' is derived from the practice of levying dues on ships.
NIRVIK Scheme | Meaning, Documents, Process & More
Niryat Rin Vikas Yojna, better known as the NIRVIK scheme, was introduced to ease the struggles of small-scale exporters in India. This program primarily aims at increasing credit availability and disbursement for Indian exporters.