21 December 2022
Counter trade is the bilateral or reciprocal trading of goods or services internationally. This form of trading may use partial payment or not use monetary payment at all in exchange for the services or goods exported.
05 October 2022
A Complete Guide to Determine Freight Class
Freight class is a standardized way of measuring shipments in an attempt to add uniformity to the fragmented shipping landscape.
06 October 2022
Full Truckload Shipping - The Ultimate Guide
Full Truckload Shipping (FTL) refers to the transportation of a single type of cargo in one truck.
05 September 2022
What is Letter of Indemnity?| Meaning, Sample, Importance & More
A letter of indemnity (LOI) is a contractual document guaranteeing that specific provisions will be met between two parties in the event of a mishap leading to financial loss or damage to goods.
13 September 2022
TEUs [Twenty Foot Equivalent] Containers in Shipping & Logistics
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.