FCA vs EXW

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…

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Effective Compliance Training

Compliance training for the larger organization is an essential part of any compliance department's scope of work. Having colleagues throughout the supply chain who are familiar with concepts such as…

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Shipping CIF Incoterms 2020

CIF Incoterms 2020 : A Few Quick Points Cost Insurance and Freight (CIF) Incoterms can be used for sea transport, including inland waterway Risk transfers from seller to buyer when…

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Customs Invoice

One question that often comes up in supply chain operations is: “What is the invoice format required by Customs?” The Customs invoice is an important document used in any supply…

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