Thursday, July 9, 2020
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    Difference between DDP and DAP
    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...
    Port Congestion
    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...
    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...
    what is reexport and when to use it
    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...
    What is Duty Drawback
    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...
    Differences between Freight Forwarder and Customs Broker
    How to Use HS Code
    Warning: Long Post, if you want to skip through to the sections you want, you can always refer to the tables of content section below We want to provide an...
    Seaway Bill
    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...
    Bill of Lading and Shipping Manifests are both essential trade documents. However, the intended users of both documents differ. Freight forwarders and international traders both may not have any use of a shipping...
    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...