What is the Hague Rule The International Convention for the Unification of Certain Rules of Law Relating to Bill of Lading, also known as the Hague rule, was signed...
Category: Shipping
The concept behind cargo consolidation or freight consolidation is to spread the cost of logistics from one person to multiple cargo owners. A typical cargo owner that would consider...
FCA vs CIF The difference between FCA and CIF INCOTERM lies in segregating the risks and responsibilities of transportation. The risk and responsibilities of both FCA and...
What is Vessel Delay It is common knowledge amongst cargo owners what a vessel delay is. Factually speaking, when shipping agents notify us, the cargo owners, that the vessel has been delayed, we...
Before we discuss the difference between DAP and DPU, it is good to point out that INCOTERM 2020 has 4 predominant rules of INCOTERM: - E rules – Ex WorkF rules – FCA, FAS, FOBC rules –...
Why Surrender a Bill of Lading? A Bill of Lading performs as a document of title. Generally, this means that whoever possesses the Bill of lading has ownership claims to the goods. Because...
