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 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.
The Different Types of Letter of Credit Used in Import-Export
There are several types of letter of credit which are used by businesses for International or Domestic trade transactions. It is important to understand these types and their purpose, to use the appropriate letter of credit for your trade transaction.
Difference between a Proforma Invoice and a Commercial invoice
One of the most important processes in invoicing is generating a pro-forma invoice and a commercial invoice. Considering the complex nature of these invoices, exporters tend to get confused between them. Read this guide to understand the difference between a pro-forma invoice and a commercial invoice and learn when to use them.
Packing List for Shipping | Defination, Sample & Example
A packing list is a document to help identify & handle export products for all parties in an export transaction. See its template, format & other details in this article
Automated Commercial Environment (ACE) | System, Application & Report
Automated Commercial Environment (ACE) enables the trade community to connect with the CBP through a convenient and centralized single window to facilitate a smooth and seamless global exchange of legitimate goods.
CBP Form 5106 | A Quick Guide On Importer Identity Form
The CBP Form 5106, also known as the Importer Identity form is a document that must be submitted to the CBP before importing commercial goods into the US. This form is used to keep track of every importer's identification information.
USMCA | What Is The New Agreement & Does It Replace NAFTA?
The United States-Mexico-Canada Agreement (USMCA) was established on September 30, 2018, as the successor to the 25-year-old North American Free Trade Agreement (NAFTA). It is the continuation of a structured free market trade among the member nations and aims to reduce the cost and increase predictability for cross-border business transactions.
Irrevocable Letter of Credit | What is it & How does it work
An ILOC gives the seller a guarantee that he/she will receive the fixed amount due, and also by the right time from the buyer. An ILOC provides added risk protection for the seller by promising a guarantee from both the buyer's and the seller's bank.