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...
Category: Port Operations
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...
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 Bill of...
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,...
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 any...
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, surrendering a bill of lading...
