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 Due to mistakes in the interpretation of the DAT (Delivered at Terminal) rule, the word “terminal” has been replaced by Incoterms 2020 DPU (Delivery at Place Unloaded).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 …
It is estimated that 80% of world trade is facilitated by maritime shipping. The world’s busiest ports continue to grow and expand every year. Here are the world’s top 20 seaports in the world by TEU. Top 20 seaports in the world – list Top 20 seaports by TEU Here are brief descriptions of each …
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 …
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 …
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 …