You would usually encounter logistics cost in two ways; (1) A lumpsum fee covering a determined leg of transportation or (2) An itemized costing detailing all aspects of the logistics service. If a...
Shipping Pallet
Introduction Shipping Pallets are the unsung hero of the logistics supply chain. A wooden pallet allows faster cargo loading and unloading. It is because of the shipping pallets that a...
Improve Supply Chain Efficiency
Introduction Supply Chain Management is a management of business operations that processes raw materials into finished goods, deliver the goods to the final intended customer, and everything in between and...
Apart from logistics-related companies, freight charges, port handling charges, transportation charges are expenses to any business. Large corporations can have a level of control over their supply chain infrastructure, whereas medium to small...
Letter of Credit
Baker and Dolan, Users' Handbook for Documentary Credits under UCP 600, ICC Publication
air freight rate calculation
The process of calculating air freight charges is a relatively simple ordeal, where it only requires two variables: The chargeable weight and the applicable rate per chargeable weight. The major work, however, is...
Bonded Warehouse
Bonded warehouses are a unique proposition that the owners of the bonded warehouse and the Customs Border Patrol share responsibilities in its operation. They are an extension of an area where the CBP...
What is a Free Trade Zone
Have you ever wondered, what is the one important factor that made the world embraced global trade that is often overlooked? Some countries have geographical and socio-economical advantages over others to produce certain...
Walmart
Introduction There is much to learn from looking at how the logistics system works in one of the largest retail distributors in the world. Of course, we are talking about...
who pays for the letter of credit
If you raised the question of who pays for the letter of credit charges, chances are you are in deep consideration of using a letter of credit. Either your seller is seeking for...