The Drip Capital Blog
Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
Resource Library
Customs OR Bonded Warehousing & Inventory Storage in US
Regulated by CBP, this article will cover what bonded warehousing is, the role US customs (CBP) plays, cost and the various advantages of customs warehousing
![Standby Letter of Credit [SBLC] | Examples, Costs & Process](https://images.ctfassets.net/vkoe68wv76dt/5wkZApjjXwqkf3Z6fSPhBh/fb5586eb5d0d1f8ce9a3fbdcd0eceb13/SBLC___Standby_Letter_of_Credit___Meaning___The_complete_guide_to_its_process__1___1_.png?w=264&q=65&fm=webp)
Standby Letter of Credit [SBLC] | Examples, Costs & Process
‘Standby Letter of Credit (SBLC) (both revocable & irrevocable) are types of letters of credit (LC) where the issuing bank commits to pay to the beneficiary if the applicant fails to make the payment.
Tonnage in Shipping - Gross Tonnage, Net Tonnage & Displacement
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.
![NVOCC [Non Vessel Operating Common Carrier] - Roles, Licenses & More](https://images.ctfassets.net/vkoe68wv76dt/2cGjaavh3k7TBG5m4SUjIn/36021ea511d90ae59bc1c6ba78cfb251/NVOCC___Meaning_and_the_complete_guide_to_its_process__1___1_.png?w=264&q=65&fm=webp)
NVOCC [Non Vessel Operating Common Carrier] - Roles, Licenses & More
An acronym for Non-Vessel Owning Common Carrier, NVOCCs are increasingly popular and their similar to what freight forwarders. Learn about NVOCCs with examples here.
Telex Release | International Release on a Bill of Lading
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 of lading to the customer/consignee without the OBL.
Customs Value | What Is It & How Do You Calculate It?
Customs value refers to the total value of the merchandise that is being imported into a country. On the basis of customs value, import duty for customs clearance of goods is determined
What is a Container Yard (CY) in Shipping & Logistics?
Learn all about a container yard (CY)'s role in freight, logistics & shipping and its difference from CFS (container freight stations) & ICD (inland container depots).
CBM Meaning in Shipping: What It Is and How to Calculate It
Cubic meters (CBM) is used to fairly charge freight costs either depending on the volume or the weight of a shipment, see how to calculate in inches or cms and learn more about chargeable weight, dimensional weight & more.