Your Global Trade Knowledgebase
succeed in Global Trade.
Shipping & Logistics
Full Truckload (FTL) Explained
Last updated on June 14, 2024 by Ben ThompsonFull Truckload (FTL) shipping is a top choice for businesses moving large quantities of goods efficiently and affordably. This method reserves an entire truck for one customer, ensuring faster delivery, minimal handling, and enhanced security. Learn about FTL shipping's advantages, how it works, and key factors affecting costs to improve your logistics and boost profitability.
The HS Code and HTS code for Global Trade Explained
Last updated on June 3, 2024 by Ben ThompsonA HS code or HTS code plays such a vital role in International trade. However, the system of codes and jargon involved around the these codes can make it difficult to classify and understand. In this article we explain the common terms that are used throughout the customs clearance process so that shippers can meet…
General Average In Maritime Insurance
Last updated on May 15, 2024 by Ben ThompsonGeneral Average in maritime insurance involves sharing the costs of sacrifices made to save a ship during peril. Governed by the York-Antwerp Rules, it ensures costs are equitably distributed among all stakeholders, effectively managing financial impacts during emergencies.
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…
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…
Full Truckload (FTL) Explained
Last updated on June 14, 2024 by Ben ThompsonFull Truckload (FTL) shipping is a top choice for businesses moving large quantities of goods efficiently and affordably. This method reserves an entire truck for one customer, ensuring faster delivery, minimal handling, and enhanced security. Learn about FTL shipping's advantages, how it works, and key factors affecting costs to improve your logistics and boost profitability. Read More »
The HS Code and HTS code for Global Trade Explained
Last updated on June 3, 2024 by Ben ThompsonA HS code or HTS code plays such a vital role in International trade. However, the system of codes and jargon involved around the these codes can make it difficult to classify and understand. In this article we explain the common terms that are used throughout the customs clearance process so that shippers can meet regulations and have a better understanding of global trade. Read More »
General Average In Maritime Insurance
Last updated on May 15, 2024 by Ben ThompsonGeneral Average in maritime insurance involves sharing the costs of sacrifices made to save a ship during peril. Governed by the York-Antwerp Rules, it ensures costs are equitably distributed among all stakeholders, effectively managing financial impacts during emergencies. Read More »
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. Read More »
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. Read More »
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 […] Read More »
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. Read More »
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. Read More »
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. […] Read More »
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 disputes arising from misunderstanding them. Read More »