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Incoterms® 2020 Explained – The Complete Guide
Last updated on May 28, 2024 by Ben ThompsonThe International Chamber of Commerce have published new Incoterms® 2020 that have come into effect from the 1st of January 2020. The ICC originally published Incoterms® in 1936 and have continually made updates to reflect the changes to the Global Trade environment. It’s important that all parties involved in trade clearly understand the changes and…
Net Weight vs Gross Weight vs Tare Weight Explained
Last updated on November 15, 2024 by Ben ThompsonAccurate weight management is important in shipping and logistics. Terms like Net Weight, Gross Weight, and Tare Weight are used to measure cargo. These terms are often confused and can lead to mistakes. Weight affects safety, pricing, and transport limits. Incorrect declarations may overload vehicles, creating safety risks and breaking legal limits. This can lead…
Most Favored Nation (MFN) In International Trade Explained
Last updated on November 13, 2024 by Ben ThompsonThe most favored nation (MFN) principle is an important rule in global trade. It acts as a non-discriminatory trade policy, meaning a country must give the same trade terms to all its partners. If one country receives a benefit, like a lower tariff, then all trading partners should get the same. This rule helps prevent…
Top 10 Product Categories China Exports (2023):
Last updated on November 8, 2024 by Ben ThompsonChina’s export strength fuels global industries, with top markets like the US and Japan. Major sectors include technology, automotive, and textiles. In 2023, China’s trade reached $3,380 billion, underscoring its growing influence in international markets.
How to Safely Unload a Shipping Container Efficiently
Last updated on November 6, 2024 by Ben ThompsonUnloading containers is a crucial step in the shipping process. Shipping containers arrive and need to be carefully unloaded so that the products can be used or onsold into the market. It may seem like a straightforward process, however many steps should be taken to ensure that the goods are unloaded safely and efficiently without…
Shipping from China to USA: Costs and Delivery Options
Last updated on November 4, 2024 by Ben ThompsonMany companies ship goods from China to the US because of the low prices and variety of products available. Platforms like Alibaba and Made-in-China make it simple to find suppliers and compare options. With careful planning, businesses can secure quality products while keeping costs under control. Shipping from China to the US can come with…
What China Imports
Last updated on November 1, 2024 by Ben ThompsonChina’s imports are essential to fueling its economy, highlighting its reliance on materials and products from around the world. In this post, we’ll break down China’s main imports and the key countries that play major roles in its trade. Top 10 Product Categories China Imports (2023): Total trade worth of the top 10 commodities: $1,648…
How to reduce shipping costs when importing from China
Last updated on October 31, 2024 by Ben ThompsonImporters often struggle to keep shipping costs low when importing from China. Rising expenses can squeeze profits and reduce competitiveness. Without a clear plan, small costs quickly add up, cutting into profit margins. Every choice counts, from shipping methods to choosing the right partners. This article covers practical strategies to reduce shipping costs. You'll learn…
What are Shipping Container Numbers?
Last updated on October 21, 2024 by Ben ThompsonShipping containers are key in global trade. They help move vast amounts of cargo across oceans daily. More than 80% of the world’s goods are transported by sea, with containers handling the majority. There are millions of containers in circulation today, each identified by a unique number. These numbers tell you who owns the container…
Protectionism in Global Trade
Last updated on October 18, 2024 by Ben ThompsonProtectionism is a term often associated with international trade, and it's a critical topic because of its impact on how countries interact economically. Governments sometimes adopt protectionist policies to shield their domestic industries from foreign competition. These policies can significantly affect a nation's economy, influencing prices, job availability, and the overall trade landscape. In this…
Container Seal Numbers Explained: Security and Compliance
Last updated on October 16, 2024 by Ben ThompsonDuring the global supply chain process, container seals and their unique container seal numbers are used to ensure the integrity of a shipment, and to identify if a container has been tampered with during transit. Container seals are placed onto shipping containers before shipment, and should remain intact until the container reaches it’s final destination.…
Incoterms® 2020 Explained – The Complete Guide
Last updated on May 28, 2024 by Ben ThompsonThe International Chamber of Commerce have published new Incoterms® 2020 that have come into effect from the 1st of January 2020. The ICC originally published Incoterms® in 1936 and have continually made updates to reflect the changes to the Global Trade environment. It’s important that all parties involved in trade clearly understand the changes and how they apply to global supply chains. Read More »
Net Weight vs Gross Weight vs Tare Weight Explained
Last updated on November 15, 2024 by Ben ThompsonAccurate weight management is important in shipping and logistics. Terms like Net Weight, Gross Weight, and Tare Weight are used to measure cargo. These terms are often confused and can lead to mistakes. Weight affects safety, pricing, and transport limits. Incorrect declarations may overload vehicles, creating safety risks and breaking legal limits. This can lead […] Read More »
Most Favored Nation (MFN) In International Trade Explained
Last updated on November 13, 2024 by Ben ThompsonThe most favored nation (MFN) principle is an important rule in global trade. It acts as a non-discriminatory trade policy, meaning a country must give the same trade terms to all its partners. If one country receives a benefit, like a lower tariff, then all trading partners should get the same. This rule helps prevent […] Read More »
Top 10 Product Categories China Exports (2023):
Last updated on November 8, 2024 by Ben ThompsonChina’s export strength fuels global industries, with top markets like the US and Japan. Major sectors include technology, automotive, and textiles. In 2023, China’s trade reached $3,380 billion, underscoring its growing influence in international markets. Read More »
How to Safely Unload a Shipping Container Efficiently
Last updated on November 6, 2024 by Ben ThompsonUnloading containers is a crucial step in the shipping process. Shipping containers arrive and need to be carefully unloaded so that the products can be used or onsold into the market. It may seem like a straightforward process, however many steps should be taken to ensure that the goods are unloaded safely and efficiently without causing any damage or problems. Read More »
Shipping from China to USA: Costs and Delivery Options
Last updated on November 4, 2024 by Ben ThompsonMany companies ship goods from China to the US because of the low prices and variety of products available. Platforms like Alibaba and Made-in-China make it simple to find suppliers and compare options. With careful planning, businesses can secure quality products while keeping costs under control. Shipping from China to the US can come with […] Read More »
What China Imports
Last updated on November 1, 2024 by Ben ThompsonChina’s imports are essential to fueling its economy, highlighting its reliance on materials and products from around the world. In this post, we’ll break down China’s main imports and the key countries that play major roles in its trade. Top 10 Product Categories China Imports (2023): Total trade worth of the top 10 commodities: $1,648 […] Read More »
How to reduce shipping costs when importing from China
Last updated on October 31, 2024 by Ben ThompsonImporters often struggle to keep shipping costs low when importing from China. Rising expenses can squeeze profits and reduce competitiveness. Without a clear plan, small costs quickly add up, cutting into profit margins. Every choice counts, from shipping methods to choosing the right partners. This article covers practical strategies to reduce shipping costs. You’ll learn […] Read More »
What are Shipping Container Numbers?
Last updated on October 21, 2024 by Ben ThompsonShipping containers are key in global trade. They help move vast amounts of cargo across oceans daily. More than 80% of the world’s goods are transported by sea, with containers handling the majority. There are millions of containers in circulation today, each identified by a unique number. These numbers tell you who owns the container […] Read More »
Protectionism in Global Trade
Last updated on October 18, 2024 by Ben ThompsonProtectionism is a term often associated with international trade, and it’s a critical topic because of its impact on how countries interact economically. Governments sometimes adopt protectionist policies to shield their domestic industries from foreign competition. These policies can significantly affect a nation’s economy, influencing prices, job availability, and the overall trade landscape. In this […] Read More »
Container Seal Numbers Explained: Security and Compliance
Last updated on October 16, 2024 by Ben ThompsonDuring the global supply chain process, container seals and their unique container seal numbers are used to ensure the integrity of a shipment, and to identify if a container has been tampered with during transit. Container seals are placed onto shipping containers before shipment, and should remain intact until the container reaches it’s final destination. In international trade, container seals are essential for both security and compliance with customs regulations. They provide shippers, customs authorities, and consignees with peace of mind that the goods have not been tampered with while in transit. Read More »