3PL vs 4PL: What’s the difference?

The use of 3rd party logistics and 4th party logistics models is a common practice throughout the world. Let's look at what these terms mean. 1PL: First Party Logistic Model…

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How to set up trading company in Vietnam?

Is setting up a trading company in Vietnam difficult? Vietnam offers incredible investment opportunities. This is largely due to its efforts to make it easier for foreigners to do business…

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Incoterms ® 2020: Introduction For Traders

What are Incoterms® 2020? Incoterms is short for international commercial terms. These were first published by the International Chamber of Commerce (ICC) in 1936. The ICC publishes updates to the…

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