Global Trade Relies on Clarity of Incoterms

Global Trade Relies on Clarity of Incoterms

This article delves into the core functions and significance of international commercial terms (Incoterms®), including the allocation of costs and responsibilities, the clarification of risk transfer, and guidance for participants in transportation. Commonly used Incoterms® such as FCA, FOB, FAS, and EXW, along with the slight differences between the 2010 and 2020 versions, help buyers and sellers clearly understand their respective obligations and risks in transactions.

08/07/2025 Logistics Encyclopedia
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IATA Improves Airport Ground Handling Via Tender Management

IATA Improves Airport Ground Handling Via Tender Management

This paper delves into the importance of tender management for airport ground handling licenses. It introduces how IATA Consulting supports airports in establishing efficient, compliant, and transparent tender management systems. Leveraging its deep industry knowledge and strong relationships with airlines, IATA provides comprehensive solutions, including clarifying operational responsibilities, ensuring agreement comprehensiveness, and assisting in drafting high-quality RFP documents. Ultimately, this enhances airport operational efficiency and service quality.

01/07/2026 Logistics Industry Insights
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Global Shipping Firms Adapt to Rising Cargo Rejections

Global Shipping Firms Adapt to Rising Cargo Rejections

This article delves into the common causes of international express delivery refusals, such as tax disputes, cargo issues, and incorrect addresses, and provides various solutions including return, abandonment, and forwarding. It also emphasizes the importance of preventative measures, such as clarifying tax responsibilities, accurate declarations, and choosing appropriate channels. The aim is to help senders effectively address the risk of refusal and ensure the smooth progress of international trade.

01/15/2026 Logistics Encyclopedia
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WCO Guide Aids Customs Brokers in Global Trade

WCO Guide Aids Customs Brokers in Global Trade

The World Customs Organization's guidelines for Customs Brokers highlight their crucial role in international trade. It provides clear ethical standards, encompassing responsibilities, integrity, transparency, professional development, and customs cooperation. The guide aims to enhance the professionalism of customs brokers, facilitate trade, and establish an efficient, transparent, and secure international trade environment. It emphasizes the importance of brokers in ensuring compliance and streamlining processes, contributing to smoother global commerce.

01/22/2026 Customs Knowledge
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Jan Krems Leads Air Cargo Industry Amid Market Shifts

Jan Krems Leads Air Cargo Industry Amid Market Shifts

Jan Krems has been appointed as the President of United Airlines Cargo, symbolizing the maturity of the air freight industry. With a career spanning multiple countries, Krems views air cargo not just as a job, but a lifestyle. In response to market changes, he emphasizes the need for industry education for shippers and advocates for collaborative innovation to compete with maritime shipping.

08/06/2025 Logistics
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US Chamber Calls for Debt Action to Boost Economy

US Chamber Calls for Debt Action to Boost Economy

The U.S. Chamber of Commerce forecasts a slow economic recovery in the United States, identifying national debt as the biggest threat. The Chamber proposes a five-point growth plan, including unleashing energy potential, expanding trade, streamlining regulations, reforming immigration, and controlling spending. Simultaneously, it advocates for increased infrastructure investment, suggesting a rise in fuel taxes to stimulate economic growth and job creation.

01/20/2026 Logistics Industry Insights
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Analysis of The Relationship Between Non-vehicle Carriers and Freight Forwarders

Analysis of The Relationship Between Non-vehicle Carriers and Freight Forwarders

In modern logistics, non-vessel operating common carriers (NVOCCs) and freight forwarders play crucial roles as intermediaries in goods transportation, but they have different legal statuses and responsibilities. NVOCCs assume the role of carriers and are responsible for the safety of the goods during transit, whereas freight forwarders act solely as intermediaries and do not assume transportation liability. Additionally, there are significant differences in their charging methods and the conditions required for their establishment.

07/21/2025 Logistics Encyclopedia
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New Incoterms Guide Aids Global Trade Efficiency

New Incoterms Guide Aids Global Trade Efficiency

The Incoterms® rules are a set of global standards published by the International Chamber of Commerce, covering 11 essential trade terms. Since their inception in 1936, with the latest version released in 2020, these rules clarify the responsibilities and risks of sellers and buyers in the delivery of goods in international trade. They help prevent misunderstandings and reduce transaction costs. Understanding these rules is crucial for the success of every trader.

08/05/2025 Logistics Encyclopedia
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Guide to Incoterms Simplifies Global Trade Rules

Guide to Incoterms Simplifies Global Trade Rules

This article systematically reviews common Incoterms in international trade, such as EXW, FOB, CIF, and DDP, explaining their core functions, division of responsibilities, and risk transfer. It also analyzes specific trade scenarios. The importance of choosing appropriate Incoterms and the key aspects of risk control are emphasized, aiming to help foreign trade practitioners better understand and apply international trade terms. Understanding these terms is crucial for successful international transactions and mitigating potential liabilities.

08/22/2025 Logistics Encyclopedia
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Exporters Urged to Strengthen FOB Trade Risk Management

Exporters Urged to Strengthen FOB Trade Risk Management

This paper focuses on FOB trade terms, outlining its key points and potential risks, with particular attention to the operational procedures of the designated freight forwarder. It emphasizes the need for shippers to fully understand their responsibilities and risks under FOB terms. Choosing a professional freight forwarder and ensuring compliant operations are crucial for gaining an advantage in international trade. By understanding and mitigating these risks, businesses can leverage FOB terms effectively.

08/21/2025 Logistics Encyclopedia
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