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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Tianjin Airport Opens New Cargo Route to Astana Enhancing Chinakazakhstan Trade

Tianjin Airport Opens New Cargo Route to Astana Enhancing Chinakazakhstan Trade

YTO Cargo Airlines launched a chartered international cargo route between Tianjin and Astana, with an initial shipment of 21 tons. The cargo mainly consisted of electronic products needed by the Kazakhstan government, supporting its informatization construction. This initiative is a significant step for Tianjin Airport in implementing the “Belt and Road” strategy and building an international air logistics center. It will contribute to promoting economic and trade cooperation between China and Kazakhstan.

09/26/2025 Logistics
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Flexport Hires Philip Levy As Chief Economist to Boost Trade Analysis

Flexport Hires Philip Levy As Chief Economist to Boost Trade Analysis

Dr. Philip Levy is the Chief Economist at Flexport, renowned for his deep economic background and keen insights into global trade. He combines academic research with practical experience, leveraging Flexport's unique freight data to provide valuable information on global trade trends to the market. Dr. Levy actively participates in public policy discussions, significantly impacting global trade and economic development. His work offers a data-driven perspective on the complexities of international commerce, making him a respected voice in the field.

11/03/2025 Logistics Industry Insights
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US and Japan Strike 550B Trade Deal to Boost Economic Ties

US and Japan Strike 550B Trade Deal to Boost Economic Ties

The Trump administration announced a trade deal with Japan, featuring a 15% US tariff on Japanese imports and Japan's commitment to $550 billion in US investments. The agreement aims to balance trade relations, promote job growth, and reshape the US-Japan economic relationship. Japanese stock markets reacted positively, but the long-term impact of the agreement remains to be seen. This deal is expected to influence future trade negotiations and potentially impact global supply chains. Further analysis is needed to fully understand the implications.

11/03/2025 Customs Knowledge
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DHBLBDDH109 Key to Secure Global Money Transfers

DHBLBDDH109 Key to Secure Global Money Transfers

The SWIFT code DHBLBDDH109 for DHAKA BANK PLC. is crucial for ensuring the safety of international remittances. This article elaborates on the correct usage of this code and its importance for bank transfers, reminding users to verify information before remitting funds to ensure that money reaches the intended account accurately.

08/26/2025 International Settlement
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FAYSPKKA114 SWIFT Code Ensures Secure Fund Transfers

FAYSPKKA114 SWIFT Code Ensures Secure Fund Transfers

This article analyzes the significance of FAYSAL BANK LIMITED's SWIFT/BIC code FAYSPKKA114, emphasizing the necessity of ensuring accurate information during international remittances to safeguard the security and efficiency of fund transfers. The article also provides specific address information for the bank, aiding clients in conducting seamless global financial transactions.

08/26/2025 International Settlement
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UNILPKKATFC Streamlines International Money Transfers

UNILPKKATFC Streamlines International Money Transfers

Understanding the significance of the United Bank UNILPKKATFC SWIFT Code is crucial for ensuring accurate and secure international remittances. Utilizing the correct SWIFT Code along with bank information can expedite fund transfers and prevent delays caused by errors. It is essential to check and verify information promptly before making a transfer.

08/22/2025 International Settlement
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PRIORBANK Simplifies International Transfers With SWIFTBIC Guide

PRIORBANK Simplifies International Transfers With SWIFTBIC Guide

This article introduces the SWIFT/BIC code PJCBBY2XGRD for PRIORBANK in Belarus, emphasizing its importance in international bank transfers. By accurately using this code along with related information, funds can be ensured to arrive at the designated bank quickly and securely, assisting individuals and businesses in effectively conducting international financial activities.

08/22/2025 International Settlement
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SWIFT Codes Key for Secure Transfers to Malawi

SWIFT Codes Key for Secure Transfers to Malawi

Learn about the SWIFT code RBMAMWMWMIS of the Reserve Bank of Malawi, an essential tool for ensuring secure international transfers. By verifying bank details, branches, and countries, you can avoid transfer delays. Choose Xe for money transfers, which offers personalized support and guarantees that your funds arrive safely and on time.

08/21/2025 International Settlement
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