Global Freight Forwarders Conference

Global Freight Forwarders Conference is a prestigious high-class event taking place in Asia concerning the logistics and forwarding industry. It gathers thousands of people from hundreds of countries and five continents. The event consists of an opening ceremony, speech, forum, lunch break, One-to-One meetings, banquets, and cocktail parties. All these activities are aimed for establishing …

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Incoterms 2020 DAP

International Commercial Terms, also known as Incoterms, are updated every 10 years. In 2020, new rules for international commercial transactions will come into force, specifying the obligations and costs incurred by sellers and buyers. These terms are divided into several groups. D group includes a DAP rule, which stands for Delivered at Place. Incoterms 2020 …

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Incoterms 2020 EXW

The rules for international transport are defined by Incoterms. Due to many transport-related factors, such as risk transfer and allocation of costs, Incoterms rules are divided into groups. One of the groups, E group, indicates that the seller places the goods at disposal of the buyer at a place named in the contract. EXW Incoterms …

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The Port of Shenzhen

The Port of Shenzhen is one of the largest ports in China. It has great development opportunities and, what is more, it is also one of the busiest ports in the world. It also ranks third among the largest container ports in the world (in terms of TEU). The Port of Shenzhen The Port of …

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Incoterms 2020 FCA

Regulations of sharing cost and risk between the seller and the buyer regulate Incoterms rules. It turns out that the most commonly used is FCA Incoterms. Almost 40% of contracts all over the world are concluded based on this rule. FCA is comprehensive because it applies to all modes of transport. Cost-sharing – Incoterms 2020 …

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Incoterms 2020 CIF

incoterms 2020 cif

Incoterms are known as International Trade Rules. They determine the conditions for the worldwide exchange of goods. It regulates the allocation of responsibility and costs between the buyer and the seller. CIF Incoterms is one of the longest-established formulas. However, Incoterms are updated every ten years, which means that some changes are expected in 2020. …

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Incoterms 2020 FOB

Incoterms describe the rules of trade. It primarily defines the allocation of all factors, risk, and costs related to the transaction between the seller and the buyer. There will be changes in Incoterms from 2020. FOB Incoterms is one of the most frequently used rules in maritime transport. We describe Incoterms 2020 FOB. Let’s see …

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COSCO – Shipowners

cosco

COSCO is a Chinese state-owned company with headquarters in Shanghai. The abbreviation comes from the China Ocean Shipping (Group) Company. The company is also known as COSCO Shipping Corporation Limited or COSCO Shipping Group. It is involved in various business sectors with a particular focus on integrated logistics, maritime transport, financial services as well as …

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10 projects of the New Silk Road

The New Silk Road is a concept proposed by President Xi Jinping in 2013. It is a large-scale investment project involving 125 countries and 29 international organizations. These investments aim to create infrastructure for a network of land routes connecting China with Central Asia and Europe, as well as a network of maritime routes connecting …

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The largest ports in Europe

Sea transport is a very often chosen method of transport both during import and export. Significant seaports, which will be able to accommodate larger container ships, are being created all over the world. In the article below we are presenting the largest ports in Europe. Seaport of Rotterdam – The largest ports in Europe It …

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