THC, or terminal handling charges is a term used to refer to the collection of costs and fees related to using the port terminal facility. Terminal handling charges are usually…
Delivered Duty Paid or DDP, is the only Incoterm that requires the seller to act as the importer of record in the buyer's country. Buyer's typically opt to trade on…
Demurrage is a cost paid to a shipping line when the owner of cargo is not able to take full delivery of the cargo within the stipulated time. In other…
The term "delivery" has an important definition when it comes to Incoterms. This is the point where risk transfers to the buyer from the seller. This is also the point…
Trade compliance is not the only function within an organization that is concerned with Incoterms. In fact, almost every aspect of supply chain is in someway or another affected by…
FCA and EXW form part of Incoterms® 2020. Both these terms are very similar. Both of these terms can be used for any mode of transport. However, there are some…
7 Ways You Can Reduce Costs on Imports If your company is doing any cross-border trade, you have to carefully manage operational costs like transportation charges, insurance, duties, taxes and…
Stink bug measures in Australia are implemented by authorities to prevent the spread of the brown marmorated stink bug in the country. These bugs see seasonal increases in places like…
Singapore is located very strategically in Southeast Asia. Recognizing the geographical advantage it has, the government has worked hard to capitalize on it. Over the years, an elaborate transportation network…
