Recent events have given the e-commerce industry a steroid induced growth spurt that online scammers all over the world are rushing to take advantage of. Sophisticated fraudsters are now offering…
The supply chain and logistics space is so full of terminology and jargon that even the most experienced logisticians can often come across new terms they are unfamiliar with. Here…
Export controls define the rules surrounding the release of certain types of data, information, products, technology, services and funds from a country. Export control regulations are written to prevent the…
In this article we look at all the frequently asked questions about Incoterms. You may also like our comprehensive article and relevant diagrams explaining the 2020 version of the terms…
Incoterms deals with several aspects of trade such as : General obligations Transfer of risks Delivery Carriage Insurance Delivery and transportation documents Export clearance Import clearance Cost allocation between buyer…
Since most businesses already refer to Incoterms when they do cross border trade, they also include them by default when doing domestic shipments. This is perfectly fine in most cases,…
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…
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…
