The Drip Capital Blog
Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
Resource Library
Transferable Letter of Credit - Process Flow, Risks & Samples
A transferable letter of credit (LC) is a credit facility that the first beneficiary can transfer to another party or the second beneficiary. Such a financial guarantee is applicable when the sellers of goods are agents/dealers and are not the suppliers or manufacturers themselves.
A Quick Guide to Intermodal Shipping Containers
Intermodal shipping refers to the process of using standardized intermodal shipping containers to transport cargo through one or multiple modes od transport.
What Is Straight Bill of Lading? A Detailed Guide on Straight BOL
In general, a BOL is negotiable. A negotiable bill of lading refers to a document whose title can be changed, i.e., the ownership of the commodities can be changed from one party to another. One can transfer the ownership of the shipment to another party by signing the bill. In a negotiable bill of lading, the new consignee is free to transfer the ownership of the commodities to another person
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.
Intermodal Containers in Shipping - Complete Guide with Meaning & Types
The maritime logistics supply chain has undergone a paradigm shift with the advent of containerization to transport cargo. Intermodal containers facilitate the transport of raw materials and other cargo on various transport means.
![TEUs [Twenty Foot Equivalent] Containers in Shipping & Logistics](https://images.ctfassets.net/vkoe68wv76dt/4yY8tVDpjRucQzQS7kG3Kc/68a1dcba71f6eee47a3b53adb2a71119/TEU___Twenty-foot_equivalent_unit__Meaning___The_complete_guide_to_shipping__2___1_.png?w=264&q=65&fm=webp)
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.
Shipping Guarantee in Import Export - Meaning, Process & Examples
In international trade transactions, An importer generally needs a bill of lading and a few other shipping documents to collect goods from the destination port. The bill of lading is issued by the shipping company to the exporter once the shipping company has inspected the goods. The exporter sends out the BL and other documents to the importer as presentation of these documents is a prerequisite for collection of the goods.
What Is TARIC Code? A Complete Guide on TARIC Code
Every commodity that is imported or exported attracts certain tariffs. The most common are export, import, and transit duties. Tariffs in the EU are governed by the TARIC code system, where each commodity’s TARIC code decides the tariff that will be applied to it.