
General Terms in International Trade: The Application and Importance of Incoterms®
Incoterms® are the standard terms in international trade that clarify the responsibilities of buyers and sellers. The 2020 version aims to reduce disputes.
Explore the latest technology development trends in the logistics industry and understand how innovative solutions drive industry transformation
Incoterms® are the standard terms in international trade that clarify the responsibilities of buyers and sellers. The 2020 version aims to reduce disputes.
Incoterms® are essential delivery terms in international commerce that clarify the rights and obligations of buyers and sellers. Developed by the International Chamber of Commerce, they help businesses avoid misunderstandings during the delivery of goods. The current version, revised in 2019, includes 11 terms applicable to various modes of transport. Understanding these terms is crucial for ensuring the smooth operation of international trade.
This article explores the process of through transport in international air freight, distinguishing it from stopover transport. It discusses various aspects to consider in through transport, such as dimensions and weight, time requirements, and the transportation of cargo in batches. The importance of ensuring the carrier capacity at through stations and the timely handling of cargo anomalies is emphasized.
This article discusses the measures and procedures for cargo inspection by international air freight agents, aiming to standardize the inspection process and ensure the safety and efficiency of air transport. The inspections must be conducted by qualified personnel and carried out outside regulated areas, involving the participation of shippers and consignees, as well as special handling provisions for certain cargo. Since their implementation in 2015, these measures have effectively raised air transport safety standards.
This article outlines the special requirements for ocean bills of lading when exporting to Brazil, including the display of shipping fees, the necessity of the NCM Code for goods, the CNPJ numbers for the consignee and notify party, and restrictions on the form of the bill of lading. These requirements are crucial for smooth customs clearance and risk mitigation.
When exporting to Brazil, the Bill of Lading has specific requirements, including the display of reasonable shipping costs, NCM code, and the CNPJ numbers of the consignee and notify party. Only original bills of lading are accepted, and it is advisable to avoid delivery orders and shipping notes to ensure smooth customs clearance.
Free Detention is a period in international shipping during which the cargo owner can use the container without charge, typically lasting for 7 days. Exceeding this period incurs detention fees. Understanding Free Detention and the methods for applying for extensions is crucial for cargo owners to effectively manage transportation costs. The collection of detention fees aims to enhance the utilization of containers and prevent cargo owners from monopolizing them.
The free container period allows cargo owners to use containers without charge. If the period is exceeded, fees apply. This period is typically 7 days but may be extended upon request to manage logistics effectively.
This article discusses the significance of international freight forwarding in the foreign trade sector, highlighting the intermediary role of freight forwarders between shippers and carriers. Freight forwarders coordinate various transportation stages, including booking, customs clearance, cargo transport, and delivery, ensuring that goods arrive at their destination safely and efficiently. Their clients include foreign trade companies and manufacturers, providing essential support for the smooth progression of international trade.
International freight forwarding mainly refers to freight agents, who assist in export transportation by cooperating with carriers to ensure the safe and timely delivery of goods. Freight forwarding companies handle various services such as booking, trucking, and customs clearance, making them indispensable partners for foreign trade enterprises. Their role effectively simplifies foreign trade operations, making the entire transportation process smoother.