A Duty drawback is where the customs officer refunds the paid duty and tax, provided that the articles or commodity imported fulfills certain criteria.
That non-negotiable condition is that the...
A significant portion of the containers in the port yard is actually not for the local market. It is intended for another destination. They are reexported to other countries of destination, not leaving...
As a Freight Forwarder, we have processed many permutations of how a bill of lading is arranged. In our experience, the most popular form of Bill of Lading arrangement is a Telex Released...
Introduction
Have you heard the phrase, “s**t happens, and there is nothing you can do about it”? This is the equivalent motif behind the term Force Majeure, a French...
Introduction
DDP
and DAP are both trade terms or more commonly known as INCOTERMS laid out in
the contract of sales. It does not appear in the Bill of Lading or...
Surrendering a Bill of Lading sounds like you are defeated and you have given yourself up to the police and admit defeat.
No, that is not what it meant,...
Introduction
Written Laws gives jurisdiction of a sovereign state to control. More specifically, sovereign states ratify international laws to give jurisdiction to people of the state to control.
Introduction
One of the most common costs that occur is the detention and demurrage surcharge. It is applicable to everyone privy to the arrangement of transportation in one form...
Long Story Short
Transshipment is the act of “Transferring” the “Shipment” between one form of transportation only. Whereas transloading is the act of “Transferring” the “Load” between multiple forms...
Introduction
One of the most important documents in shipping and logistics is the Bill of Lading, it has all the necessary details of the cargo delivery. Ever since the 13th-century...
