The year 2018 turned out to be satisfactory for the person dealing with the Railway Silk Road. For many companies dealing with rail transport, it was a time to strengthen their position on the market. Besides, the Railway Silk Road was actively promoted by representatives of many companies, and now we can hear about a …
Read moreRailway Silk Road – increase in the number of trains
TransLogistica Poland is the largest logistics fair in Poland and Central and Eastern Europe. It is an event designed for the TSL industry, as well as for people involved in production and distribution. We visited this year’s edition of the TransLogistica Poland 2019, which took place from 5th to 7th of November in Warsaw. TransLogistica …
Incoterms rules define the division of the risk and costs between seller and buyer in international trade. It is noteworthy that rules from group F require specifying the sending port in advance. Incoterms FAS (Free Alongside Ship) indicates that the risk transfers to the buyer when the goods are placed alongside the ship. However, it …
TransLogistica Poland is The International Transport and Logistics Exhibition held in Warsaw. Its seventh edition is taking place this year on November 5-7. It is, without a doubt, the largest business event for anyone professionally associated with transport, freight forwarding, and logistics services (so-called cargo owners, meaning manufacturers, distributors, and trade companies). What is more, …
Incoterms rules help the seller and the buyer to determine the allocations of risk and costs at various stages of transport in international trade. Due to mistakes in the interpretation of the DAT (Delivered at Terminal) rule, the word “terminal” has been replaced by Incoterms 2020 DPU (Delivery at Place Unloaded). This article describes what …
In order to import goods, one should be familiar with the Incoterms rules. International Trade Rules are divided into several groups, which indicate the means of transport as well as the division of risk and costs. In group C, the basic costs of transport and insurance are paid by the seller. Incoterms 2020 CIP – …
China (Shenzhen) International Logistics and Supply Chain Fair (CILF) has been held since 2006 and enjoying growing popularity. Every year, the fair attracts thousands of people from around the world from the logistics and transport industry. Trade fair CILF attracts many well-known international companies, which further promote the international influence of the Chinese logistics industry. …
Within Incoterms, which define the rules of international trade, the so-called group C is distinguished. Group C includes rules where the basic transport costs are paid by the seller. In addition, the seller arranges transport and carries out customs clearance, and the risk is transferred to the buyer when the goods are on board the …
Incoterms are international trade rules that indicate the share of the costs and responsibility between the buyer and the seller. From the beginning of 2020, the updated Incoterms 2010 rules will come into force. One of the rules is CPT (Carriage Paid To). Incoterms 2020 CPT – Allocation of costs The seller takes: The buyer …
The world’s busiest ports continue to grow larger and more efficient every year. It is estimated that 90% of world trade is facilitated by maritime shipping. According to the statistics in the last four years, the median annual volume of the top 50 ports jumped from 5.49 to 5.86 million TEUs. Here are the world’s …