Incoterms 2020 CIP

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 – …

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CILF 2019

CILF 2019

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. …

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Incoterms 2020 CFR

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 …

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Incoterms 2020 CPT

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 …

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TOP 20 seaports in the world

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 …

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Incoterms 2020 DDP

Incoterms are rules of trade. They specify who (buyer or seller) incurs transport costs, export, and import charges or risks associated with the transport of goods. The Incoterms 2010 are currently applied; however, new ones come into force on 1 January 2020. Incoterms 2020 DDP means “Delivered Duty Paid.” The seller is responsible for organizing …

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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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