Incoterms and the Organization

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…

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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…

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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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Break of Bulk Points

What is a break of bulk point? In shipping, supply chain and logistics, the break of bulk point refers to the location where goods are moved from one mode of…

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