Indepth Analysis of Cost Allocation Under FOB Shipping Terms

Indepth Analysis of Cost Allocation Under FOB Shipping Terms

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.

Fee Disparities at Ningbo Shanghai Ports Prompt Forwarder Adjustments

Fee Disparities at Ningbo Shanghai Ports Prompt Forwarder Adjustments

This paper explores the differences in Detention and Demurrage (D&D) charge handling between Shanghai Port and Ningbo Port, and the challenges faced by freight forwarders as a result. The analysis delves into the reasons behind these discrepancies and proposes strategies for freight forwarders to cope with them. These strategies include understanding local regulations, strengthening communication with port authorities and shipping lines, and maintaining transparency with clients regarding potential D&D charges. Effectively managing these differences is crucial for minimizing costs and ensuring smooth cargo flow.

Understanding Sea Freight Full Container Load Costs: Port Fees and Quotation Analysis

Understanding Sea Freight Full Container Load Costs: Port Fees and Quotation Analysis

The costs of full container load (FCL) shipping include not only the ocean freight but also various local charges, such as port dues, security fees, manifest fees, and seal fees. These costs can vary depending on the port, shipping lines, and freight forwarders. Understanding the standards and calculation methods for these fees can help businesses better manage their budgets during international cargo transportation.

Dalian Port Group Accelerates Layout in the Far East Market, Achieves New Breakthrough in International Logistics Strategy

Dalian Port Group Accelerates Layout in the Far East Market, Achieves New Breakthrough in International Logistics Strategy

Dalian Port Group signed a strategic cooperation agreement with the Russian Far East Transport Group, focusing on the infrastructure renovation of Nakhodka Port and the establishment of a container transshipment station. This initiative will enhance the port's throughput capacity, promote economic cooperation between Dalian, Liaoning, and the Primorsky Krai, facilitate trade between the two countries, improve logistics efficiency, and expand the market in the Far East region.

11/10/2023 Logistics
Read More
Understanding Closing Time, Port Cut-off, and Customs Clearance in International Trade

Understanding Closing Time, Port Cut-off, and Customs Clearance in International Trade

This article analyzes the definitions and roles of closing time, cut-off port, and clearance in foreign trade shipping. The closing time is the final declaration time to ensure timely loading of goods, while the cut-off port is the deadline for receiving containers. Clearance refers to the procedures after customs release. Proper planning of these three stages can enhance the efficiency and compliance of foreign trade logistics.

Lagos Port Auctioning Overdue Cargo More Than 4000 Containers Awaiting Action

Lagos Port Auctioning Overdue Cargo More Than 4000 Containers Awaiting Action

The severe congestion at Lagos Port has resulted in over 4,000 containers being delayed, prompting industry calls for customs auctions. High clearance fees and dock charges are forcing importers to abandon their goods, creating a vicious cycle. The government urgently needs to implement effective measures to improve the port's condition to avoid economic losses and prevent goods from spoiling.

01/07/2021 Logistics
Read More