Shipping EXW Incoterms 2020
EXW Incoterms 2020 : A Few Quick Points Ex Works (EXW) Incoterms can be used for all modes of transport and even when there are multiple modes of transport involved…
Why trucking rates frequently change
Figuring out how trucking spot rates change isn’t too tricky. If the number of trucks entering city A increases at a slower rate compared to the load volumes moving out…
What to include on an export invoice?
Shippers all over the world have to prepare invoices that are used for export Customs clearance and in most cases, these same invoices are used for import Customs clearance in…
What is a Bill of Lading and what is its purpose?
Bills of lading are transportation documents that carriers issue to shippers. These contain information regarding the shipment such as quantity, destination and type of cargo. A B/L can be a…
Choose CIF or FOB?
What is CIF & FOB? CIF refers to Cost Insurance and Freight while FOB refers to Free On Board. These are Incoterms® that define how risks, obligations and costs associated…
HS codes, Tariff codes, HSN, ECCNs & Schedule B numbers
Businesses involved in cross border trade may find themselves dealing with several different product classification systems, each with different purposes. It is important for traders to classify their products correctly…
Ethics in Supply Chain Management
Most compliance managers in supply chain functions would readily agree that they hold ethical practices in high regard and likewise hold a firm moral high ground when making decisions in…
World Trade set to decline significantly due to Covid-19
In response to the Covid-19 pandemic, economists in the World Trade Organization (WTO) expect world trade numbers to slide further than they did during the 2008 financial crisis. Statistics point…
What does NVOCC mean?
Non Vessel Owning Common Carrier (NVOCC) refers to a transportation operator that does not own any ocean going vessel assets. The transport operator will take care of operations that include…
