The Drip Capital Blog
Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
Resource Library
What Are High Cube Containers in Shipping? Meaning, Types & Uses
Maritime shipping has witnessed a steady growth between 1980 and 2020 with over 1.5 billion tons of cargo being transported in 2020 alone. Shippers prefer containerization as the most efficient and cost-effective means to load cargo at the departure and unload them at the destination.
What Is a Dry Van? A Complete Guide on Dry Van Shipping
The efficacy of cargo-shipping and logistics depends on embracing new technologies and fostering interdepartmental communication. Logistics companies look for the most affordable and versatile options to enable smoother transportation of shipments.
What is Harbor Maintenance Fees? Guide on HMF in US
Ocean freight requires thorough information about the cargo contents, purchase prices, origin and destination. When maritime cargo passes through US ports at least once during their journey, they are liable to attract a harbor maintenance fee and merchandise processing fee on domestic shipments and imports alike.
What is a Top Open Container? Types, Designs, Specifications & Dimensions
The basic structure of shipping containers is much more significant than what many people may think. That’s because factors such as the safety of goods being carried, the quantity of goods that can be accommodated, and others depend heavily on it. Essentially, there are several types of cargo containers.
What is MPF (Merchandise Processing Fees)? A Complete Guide
The Merchandise Processing Fee (MPF) is a payment that needs to be made to the US Customs and Border Protection (CBP) for imports into the US. MPF is considered to be an ad valorem tax, meaning that it is a percentage of the estimated value of the imported goods.
What is A Switch Bill of Lading? Meaning, Procedure & More
In international shipping, a Bill of Lading (B/L) acts as a receipt and contract between the shipper and the carrier. It contains all the details needed to process the shipment and create accurate invoices. This document is crucial for maintaining transparency and complying with laws of two or more jurisdictions, especially during cross-border trading.
What Is TSA Known Shipper? Everything about Known Shipper Management System
The TSA — short for Transportation Security Administration — is a public body in the USA that is responsible (in part) for the coordination and governance of all the physical and digital security of transportation systems in the country.
What is A Line of Credit? Meaning, Types And Uses of Line of Credit
A line of credit is a loan account that allows businesses or other entities to draw funds as and when they need them on an ongoing basis. It acts as an open-ended loan in which the lender decides the maximum credit amount that a business can access, giving the borrower the flexibility to draw funds whenever they need them.