For Exporters
What is Chargeable Weight?
Last updated on September 11, 2024 by Ben Thompson
Chargeable weight plays a key role in how shipping costs are calculated. It’s the higher of two numbers: the actual weight or the space your shipment takes up (volumetric weight). This can lead to higher fees for large, lightweight items. Knowing how chargeable weight works helps you avoid surprises with shipping costs.
Countervailing Duties Explained
Last updated on September 6, 2024 by Ben ThompsonCountervailing duties (CVDs) are special taxes on imports aimed at offsetting unfair foreign subsidies. These subsidies can make products cheaper, harming local industries. Want to learn how CVDs help balance the market and protect domestic businesses? Dive in and discover how they work!
Difference between CIF and FOB: Incoterms Comparison
Last updated on September 4, 2024 by Ben ThompsonCIF (Cost, Insurance, and Freight) and FOB (Free on Board) are two key terms in international shipping. With CIF, the seller covers transport and insurance until the goods arrive at the destination port. With FOB, the buyer takes over costs and risks once the goods are loaded onto the ship. Knowing these terms helps you…
Anti-Dumping Duties: Explained with Examples
Last updated on August 31, 2024 by Ben ThompsonAnti-dumping duties are tariffs imposed by governments to protect local industries from foreign companies selling products at unfairly low prices. These duties ensure fair competition by raising the price of these imports. This article explains anti-dumping duties, their importance, how they work, and their global impact.
Price Dumping: Impact, Types, and International Trade Implications
Last updated on August 23, 2024 by Ben ThompsonPrice dumping in international trade is a strategy where companies sell products in a foreign market at prices lower than in their home country, sometimes even below production costs. While it can help businesses gain market share quickly, it can also harm competition and lead to trade disputes. Understanding its impacts is crucial for navigating…
What is CIF (Cost Insurance and Freight) Incoterms?
Last updated on August 13, 2024 by Ben ThompsonCIF (Cost, Insurance, and Freight) simplifies international trade by clearly defining who covers shipping costs and basic insurance. Used mainly for sea transport, CIF reduces disputes by ensuring the seller handles shipping to the destination port, while the buyer assumes risk once goods are loaded.
Delivered at Place (DAP): Incoterms 2020 Explained
Last updated on August 9, 2024 by Ben ThompsonInternational trade can be complex, with various expectations and challenges. The ICC created Incoterms to clarify buyer and seller responsibilities. DAP (Delivered at Place) is one such term. Under DAP, the seller delivers goods to a specified location, and the buyer handles unloading and import duties. This simplifies risk and cost management in shipping.
Load Planning: Optimization to Reduce Transportation Costs
Last updated on August 7, 2024 by Ben ThompsonEffective load planning can make or break a logistics company. It’s not just about cutting costs but also about ensuring timely and efficient deliveries. In this article, we delve into the numerous benefits of load planning. You'll gain insights into the responsibilities of a load planner, uncover common issues with traditional methods, and discover practical…
Create and Download a Bill of Exchange Document Template for Export
Last updated on August 6, 2024 by Ben ThompsonA Bill of Exchange is a document that is used in global trade as a written order binding one party to pay a fixed sum of money to another party on demand or at a confirmed date.
Intermodal vs Multimodal
Last updated on July 31, 2024 by Ben ThompsonWithin the freight and logistics industry, intermodal and multimodal terms are frequently used. Both play a crucial role in moving goods using various transportation modes like air, sea, and rail. However, they have distinct management and contractual structures. This article compares intermodal and multimodal transport, helping you choose the best method for your shipping needs.
