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  • Incoterms® 2024: Guide, and changes of Incoterms® Explained

    Last updated on January 31, 2024 by Ben Thompson
    Incoterms 2024

    Incoterms® 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…

  • What is Friendshoring, Nearshoring, Reshoring and Offshoring

    Last updated on March 26, 2024 by Ben Thompson
    friendshoring nearshoring reshoring offshoring

    Explore 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 Thompson
    NVOCC explained

    NVOCCs 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 Thompson

    When 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 Thompson

    The 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…

  • Just-in-Time (JIT) Manufacturing in 2024: Definition, Examples, and Pros & Cons

    Last updated on February 28, 2024 by Ben Thompson
    Just in Time manufacturing

    Just-In-Time (JIT) manufacturing minimizes inventory, aligning production with demand to cut costs and improve efficiency. It reduces storage and financing expenses, enhancing supply chain responsiveness. Despite benefits like cost savings and agility, JIT faces risks from supply chain disruptions and requires precise demand forecasting and strong supplier coordination to succeed.

  • How to Calculate the Landed Cost of Imported Products

    Last updated on February 26, 2024 by Ben Thompson
    Calculating landed cost of imported products

    Businesses that are involved in Global Trade are faced with dozens of additional costs, fees and charges involved with importing products through to the final location. It’s imperative that buyers understand the actual final costs of imported products in advance, to make smart decisions for their business.

  • How the Electronic Bill of Lading Improves the Shipping Process

    Last updated on February 23, 2024 by Ben Thompson

    Over the past few years there have been advancements in technology that have transformed the traditional paper based Bill of Lading into an Electronic Bill Of Lading (eB/L) format. This new technology is also referred to as E Bill of Lading, Electronic Bill or Digital Bill of Lading. The new Electronic Bills of Lading can…

  • What is shipping container cargo consolidation?

    Last updated on February 21, 2024 by Ben Thompson
    Container Consolidation

    Optimize shipping costs with container consolidation. Combine smaller shipments into one full container load. Save on fees and reduce damage risk. Learn how to arrange and choose the right consolidator for seamless logistics.

  • The Importance of a Certificate of Free Sale (Certificate for Export)

    Last updated on February 19, 2024 by Ben Thompson
    What is certificate of free sale import export

    A Certificate of Free Sale (CFS), also known as a Certificate to Foreign Governments or Certificate for Export, validates that a product meets legal standards and is safe for consumption. It's crucial for international trade, ensuring smooth customs clearance and preventing shipment issues. Without it, exports face delays, fines, or even rejection.

  • House Bill of Lading Vs. Master Bill of Lading

    Last updated on February 16, 2024 by Ben Thompson
    House Bill of Lading vs Master Bill of Lading

    The Bill of Lading is key in shipping, acting as proof of shipment and cargo ownership. It details the contract and receipt of goods. The article differentiates between House and Master Bills of Lading, essential for global trade efficiency.

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Glossary of Shipping Terms

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Export Manager's Guide to Remote Working

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Unit Load Device ULD Air Container Specifications

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