Evergreen or Evergreen Marine Corporation (長榮 海運) is one more important shipowner that occupies a high position among the largest shipowners in the world. The Taiwanese company has been on the market for many years and gains new customers every year while enjoying particular popularity. In the following article, you can get more information about …
Considering transport costs, sea freight is a cost-effective choice as a means of transporting goods. However, be aware of any extras, for example, additional fees charged for the forwarding service. They have been used for a long time in maritime and air transport. One of them, applied for several years in sea freight is LSF, …
We have recently written about the transport of dangerous goods in road transport (ADR transport). In this article, however, we focus on the transport of hazardous goods by air, which is often referred to only as IATA transport or ICAO transport. What is IATA? IATA is the International Air Transport Association. Their headquarters are located …
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
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 …
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 …
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 …