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 …
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 …
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 …
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. …
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 …
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 …
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 …
Sea shipping is the most popular method for transporting goods in the world. New seaports are added, and the existing ones grow and are modernized to accommodate the largest container ships. Below we present the largest ports in Europe. Top ports in Europe 1. The largest port in Europe, Port of Rotterdam, the Netherlands The …
In the case of container transport, the so-called CBM (Cubic Meter, ‘cubic’ in short) unit is used to measure the volume of cargo. Its value is always calculated by using the packaging dimensions given in meters. Calculation of sea freight rate We divide the loads into full-container loads and less than container loads. The difference …
General cargo is a product of the shipping industry, which is also referred to as LCL (Less than Container Load). It is an interesting alternative for small enterprises which do not need to transport the entire container by sea , and also think that air freight is too expensive and unprofitable. Moreover, LCL from China …