This article provides an in-depth analysis of the various costs that the seller must bear under FOB shipping terms, including local charges at the port of origin, shipping fees, and related surcharges, as well as local charges at the destination port. It also discusses the issue of insurance cost allocation, helping sellers clearly understand their responsibility for cost sharing to enhance collaboration efficiency.
This article explores the insurance liabilities associated with railway cargo transport insurance. The insurance is designed to provide financial compensation for goods transported by rail, categorized into basic and comprehensive coverage. Basic coverage includes losses from fire, explosion, and accidents, while comprehensive coverage encompasses additional risks such as damage, loss, and theft.
The new Verified Gross Mass (VGM) regulations require all containers to declare their total weight before loading, and exporters must be aware of their legal responsibilities. Failure to provide compliant information may result in cargo not being loaded. Ports and transport companies need to establish new mechanisms to handle VGM data, enhancing transparency in supply chain management and raising compliance awareness to avoid potential economic losses due to violations.
This article analyzes the impact of cost responsibility and operational errors caused by incorrect container handling. It discusses a real case study on how inconsistent container numbers affect vessel loading and delivery timelines. Additionally, it emphasizes the importance of effective communication and standardized procedures in the container extraction process to minimize unnecessary losses.
The FOB terms clearly delineate the responsibilities and risk transfer between the seller and the buyer in international trade. It is recommended that enterprises make reasonable decisions when selecting suitable shipping terms based on the characteristics of the goods and the mode of transport.
This article discusses the importance of Incoterms® (International Commercial Terms) and the changes in its latest version, emphasizing the role of clearly defined responsibilities and cost allocation in international trade. It aims to help readers effectively reduce transaction risks and enhance the efficiency of cross-border transactions.
This article explores how to effectively utilize international trade terms (Incoterms® 2020) to manage tariff risks in international trade. It analyzes the allocation of responsibilities under various terms and provides practical recommendations to cope with tariff fluctuations, thereby enhancing the competitiveness of businesses in the global market.
EXW (Ex Works) is an important term in international trade where the seller only needs to prepare the goods, transferring all responsibilities and risks to the buyer. Understanding the operational mechanism of EXW, its applicable scenarios, and the obligations of the buyer is crucial for ensuring smooth transactions.
The Niigata Prefectural Port Authority is responsible for the development and management of ports, undertaking key functions such as facility construction, usage permits, and lease management. This aims to promote local economic development and enhance port operational efficiency.
In international shipping, discrepancies between gross weight in booking information and pre-arrival data are common issues. The solution is to provide accurate data when submitting AMS or confirming the bill of lading; booking authorization data can serve as a reference. Ensuring accurate information during the bill of lading confirmation stage is crucial. Shippers need not worry excessively, as they can modify information before the cutoff time.
