This article discusses the importance of Incoterms® (International Commercial Terms) and the changes in its latest version, emphasizing the role of clearly defined responsibilities and cost allocation in international trade. It aims to help readers effectively reduce transaction risks and enhance the efficiency of cross-border transactions.
This article delves into the key delivery rules in international trade, including terms such as EXW and FCA, clarifying the responsibilities and obligations of both buyers and sellers. It emphasizes the importance of understanding these rules in transactions to ensure smooth dealings and reduce potential disputes.
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.
This article interprets shipping terminology within charter contracts to assist maritime operators in understanding loading and unloading requirements and associated risks.
This article analyzes the meanings of the abbreviations M and N in air freight quotation tables, representing Minimum and Normal rates, respectively. Additionally, it provides important information on rates for shipments over 45 kg, specified goods, and additional charges for graded cargo. Understanding this information can help improve transportation communication and cost management.
This article explains common terms in freight forwarding logistics, such as 'single release,' 'single drag,' 'double drag,' and 'shared container,' along with the reasons behind new regulations. The new policy encourages the use of 'single release' for small containers exceeding 10 tons to address strict overload supervision and ensure transport safety. Understanding these terms facilitates better communication and operations within freight forwarding logistics.
This guide explores how to effectively manage tariff risks using the International Commercial Terms (Incoterms® 2020). The article analyzes the significance of these rules amidst tariff fluctuations, clarifies the distribution of responsibilities under different terms, and offers practical advice on how to adapt to policy changes, aiming to help businesses optimize their cross-border transactions.
This article focuses on dangerous goods declaration and FOB terms. It explains the role of the dangerous goods packaging certificate in dangerous goods declaration and the division of cost responsibilities between buyers and sellers under FOB terms. The aim is to help freight forwarders avoid risks and improve work efficiency. It provides practical insights into navigating the complexities of these crucial aspects of international trade, ensuring smoother and safer shipping processes while clarifying financial obligations for all parties involved.
This article provides a concise and practical English-Chinese glossary of air freight terminology. It covers key concepts such as international aviation organizations, modes of transport, core documents, chargeable weight, rate types, unit load devices (ULDs), and declared value. The aim is to help international trade professionals better understand the air freight process, reduce transportation costs, and improve operational efficiency. It serves as a valuable resource for navigating the complexities of air cargo within the context of international trade.
This article provides an in-depth interpretation of key customs terminology in import and export clearance, covering various aspects such as cargo management, inspection, release, guarantees, and late declaration fees. It aims to help readers clearly understand the customs clearance process, communicate effectively, and smoothly complete the procedures, facilitating the smooth flow of goods globally. This includes understanding the various terms and regulations involved in navigating the complexities of international trade and ensuring compliance with all relevant laws and policies.
