Guide to FOB Trade Terms and Risk Mitigation in Ocean Freight

Guide to FOB Trade Terms and Risk Mitigation in Ocean Freight

Under FOB (Free On Board) terms, the seller is responsible for costs up to the port of shipment, while the buyer bears the ocean freight and destination port charges. Pay close attention to the division of insurance responsibilities and the transfer of risk to avoid potential trade risks. Understanding these aspects of FOB is crucial for both parties involved in international transactions to ensure clarity and minimize disputes related to costs and liabilities during the shipping process.

09/26/2025 Logistics Encyclopedia
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GXO Logistics Blue Yonder Partner to Boost Supply Chain Efficiency

GXO Logistics Blue Yonder Partner to Boost Supply Chain Efficiency

GXO Logistics has signed a global strategic cooperation agreement with Blue Yonder to upgrade its warehouse management system, addressing customer demands for a flexible and efficient supply chain. This collaboration will enhance GXO's logistics capabilities, allowing customers to respond quickly to market changes and improve overall operational efficiency.

08/07/2025 Logistics
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American Porter Airlines Form Codeshare Pact for Smoother Travel

American Porter Airlines Form Codeshare Pact for Smoother Travel

American Airlines and Porter Airlines have applied for a code-sharing agreement to offer more convenient services for cross-border flights. This collaboration covers several popular routes, enhancing travel flexibility and fostering closer cooperation between the two airlines, allowing passengers to enjoy a wider range of travel options.

08/06/2025 Airlines
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American Porter Airlines Form Codeshare Pact for Expanded Travel

American Porter Airlines Form Codeshare Pact for Expanded Travel

American Airlines and Porter Airlines have recently applied for a code-sharing partnership to provide new options for cross-border flights. This agreement will cover major cities in Canada and the United States and include vacation destinations in Central America, Mexico, and the Caribbean, aiming to enhance passenger convenience.

08/06/2025 Logistics
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Logistics Firms Urge Privacy in Negotiated Rate Deals

Logistics Firms Urge Privacy in Negotiated Rate Deals

The Negotiated Rate Agreement (NRA) is crucial for Flexport to protect customers' business secrets. Through the NRA, customers’ shipping rates can remain confidential, reducing the risk of competitors uncovering their business strategies. This article provides a detailed analysis of the necessity, content, and implementation requirements of the NRA.

08/07/2025 Logistics Encyclopedia
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Local Information and Logistics Solutions in Global Trade

Local Information and Logistics Solutions in Global Trade

This article explores the importance of obtaining local information for logistics management in a global trade environment. Local contacts providing information on transportation, costs, and holiday schedules are crucial for business decision-making. Our logistics solutions aim to help companies enhance supply chain efficiency and easily access market intelligence across regions, thereby strengthening their global competitiveness.

07/22/2025 Logistics
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Understanding Delivery Terms in International Trade — Incoterms®

Understanding Delivery Terms in International Trade — Incoterms®

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.

07/21/2025 Logistics Encyclopedia
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Future Shipping Network: Reshaping East-west Trade Dynamics

Future Shipping Network: Reshaping East-west Trade Dynamics

The East-West Shipping Network Initiative aims to enhance the reliability and efficiency of global trade transportation by reducing the number of ports along major shipping routes, optimizing shipping services, and introducing flexible regional shipping lines. Set to officially operate in February 2025, the initiative will effectively strengthen the resilience and responsiveness of supply chains.

01/30/2025 Logistics
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African Trade Requires ECTN for Smooth Customs Clearance

African Trade Requires ECTN for Smooth Customs Clearance

The Electronic Cargo Tracking Number (ECTN No.) is a crucial document required for exports to African countries to ensure smooth customs clearance. Many African nations, including Nigeria, Senegal, and Guinea, mandate obtaining this number before shipment to avoid customs issues and fines. Shippers should inquire about the relevant regulations from the consignee during the application process. Understanding the importance of this registration significantly enhances the efficiency of international trade.

07/28/2025 Logistics Encyclopedia
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