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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China Simplifies Export Customs Clearance Process

China Simplifies Export Customs Clearance Process

This article provides a detailed interpretation of the filling specifications for the export customs clearance form. It emphasizes the requirement for consistency with the export declaration information, including key fields such as the consignor, contract number, goods name, HS code, declared total value, and quantity. The aim is to help companies avoid customs clearance delays caused by information discrepancies and ensure the smooth export of goods. Maintaining accurate and consistent data is crucial for efficient export processes.

09/26/2025 Customs Knowledge
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Corfu Airport Expands As Key Gateway to Ionian Islands

Corfu Airport Expands As Key Gateway to Ionian Islands

Corfu International Airport (CFU), also known as Ioannis Kapodistrias Airport, is the primary airport serving the Greek island of Corfu. It's renowned for its strategic location and high volume of tourist charter flights. With a rich history and continuously upgraded facilities, the airport plays a vital role in the development of Corfu's tourism industry, connecting the island to the world. It handles both domestic and international flights, making it a key gateway for visitors exploring the Ionian island.

09/26/2025 Airport Codes
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East Coast Ports Ratify Sixyear Labor Pact Despite Automation Fears

East Coast Ports Ratify Sixyear Labor Pact Despite Automation Fears

The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) signed a six-year labor agreement to stabilize port operations, protect worker rights, and promote labor-management cooperation. The agreement limits automation implementation, emphasizes communication between labor and management to address challenges brought by technological changes, and lays the foundation for the healthy development of the shipping industry. It aims to balance technological advancement with the need to preserve jobs and ensure fair working conditions for dockworkers.

11/03/2025 Logistics
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Global Trade Challenges Expert Insights on Tariffs and Supply Chains

Global Trade Challenges Expert Insights on Tariffs and Supply Chains

Parker Ward's series delves into the complexities of global trade, covering the impact of trade wars, tariff analysis, Shenzhen warehousing development, China's customs advance declaration requirements, and the influence of energy prices on other industries. The articles reveal the interconnectedness of the global economy, emphasizing the importance of compliance and providing valuable insights for businesses navigating trade challenges. It offers a comprehensive overview of key factors affecting international commerce and their implications for businesses operating in a globalized market.

11/03/2025 Logistics Industry Insights
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ICAO Assigns Code to Antarcticas Marambio Base Airport

ICAO Assigns Code to Antarcticas Marambio Base Airport

This article reveals the airport code SAWB for Marambio Base in Antarctica, detailing its geographical location, importance, and unique operational environment. It emphasizes the critical role of understanding airport codes in aviation safety and Antarctic scientific research. Furthermore, the article highlights the profound significance of human exploration in Antarctica, showcasing the logistical challenges and the importance of maintaining safe air operations in this remote and challenging environment. The base serves as a vital link for research and transportation.

11/03/2025 Airport Codes
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Dangerous Goods LCL Export Process Explained

Dangerous Goods LCL Export Process Explained

This article elaborates on the processes related to exporting hazardous loose cargo via Less than Container Load (LCL). It begins with the confirmation of key information, including piece count, gross weight, and dangerous goods declarations, emphasizing the importance of the destination port and the basic composition of LCL fees.

07/18/2025 Logistics Encyclopedia
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