Latest Posts
Incoterms® 2024: Guide, and changes of Incoterms® Explained
Last updated on January 31, 2024 by Ben ThompsonIncoterms® Guide to use in 2024 Incoterms® were first published in 1936 and are continually updated over time to reflect the changing global business environment to be continually used in 2024 and beyond. The International Chamber of Commerce ICC published the latest version of Incoterms® 2020. These changes came into effect on the 1st of January 2020 and…
FCA Incoterm® Explained
Last updated on May 8, 2024 by Ben ThompsonFCA Incoterm® simplifies international shipping by defining when the seller's responsibility ends and the buyer's begins. It is ideal for managing logistics, costs, and ensuring compliance with export and import regulations. Learn more about using FCA in global trade.
Top 10 Largest Container Ports In US & Canada 2024
Last updated on April 27, 2024 by Ben ThompsonIn 2024, key North American ports are ranked by container volume in TEUs, reflecting their scale and global trade impact. These ports significantly boost the US and Canadian economies by connecting domestic markets with international routes.
Top 19 Reasons For Shipping Delays In 2024
Last updated on April 25, 2024 by Ben ThompsonIn 2024, international shipping faces various challenges like geopolitical tensions, environmental issues, piracy, and conflicts, causing delays. Additionally, global emergencies, weather anomalies, holidays, and technical malfunctions disrupt schedules. Documentation errors, lack of visibility, and customs inspections also contribute to delays. Mitigating strategies include proactive planning, accurate documentation, advanced technology, and compliance with regulations.
Types Of Packaging For Export
Last updated on April 18, 2024 by Ben ThompsonWhen importing or exporting goods internationally, it is crucial to use strong, reliable packaging to ensure the products are transported safely and to reduce the risk of damage. The type and quality of this packaging are vital but often overlooked aspects. Since products come in various shapes, sizes, and degrees of fragility, they require appropriately…
Download a Proforma Invoice Template PDF
Last updated on April 16, 2024 by Ben ThompsonA Proforma Invoice template is an important document used when selling goods Internationally. It can also be referred to as a “pro forma invoice” or “performa invoice”. In this article you can download a Proforma Invoice PDF template to use for global trade.
Notify Party in Shipping: Exploring Differences in Bill of Lading Documentation
Last updated on April 13, 2024 by Ben ThompsonDiscover the pivotal roles of Notify Party and Consignee in international shipping. The Notify Party, not responsible for cargo possession, ensures smooth communication upon cargo arrival. Meanwhile, the Consignee, the legal owner of cargo, handles customs clearance and obligations. Understanding their disparities aids efficient logistics and enhances shipping processes.
What is Friendshoring, Nearshoring, Reshoring and Offshoring
Last updated on March 26, 2024 by Ben ThompsonExplore the dynamics of global supply chain strategies! From friendshoring to reshoring, discover how businesses optimize operations amidst geopolitical shifts and market demands.
What is a NVOCC?
Last updated on March 19, 2024 by Ben ThompsonNVOCCs facilitate bulk shipping, while freight forwarders manage global trade intricacies. Learn more about their roles and how to choose the right fit for your needs.
What is the difference between FCL and LCL shipping?
Last updated on March 13, 2024 by Ben ThompsonWhen goods are transported across the world by sea, they are usually transported inside shipping containers. FCL Shipping (Full Container Load) and LCL Shipping (Less than Container Load) are 2 methods of shipments that package goods inside shipping containers. FCL shipping is when a single shipment takes up the entire space of the shipping container.…
Glossary of Shipping Terms
Last updated on March 1, 2024 by Ben ThompsonThe International shipping and marine transport industry is full of unique shipping terms and shipping abbreviations. And these are used every day to describe everything from modes of transport, units of measure, pricing structures, IncoTerms and much more. Therefore, it’s important that importers, exporters and freight companies correctly communicate freight terms to avoid problems or…