Saturday, June 6, 2020
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    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...
    how to price a product for export
    Starting an export business can be both exciting and scary. It is exciting due to the potential revenue a company can gain from having a global market reach, but scary due to unaccounted...
    LIFO vs FIFO vs Average
    Introduction As of now, the USA is the only adopters of the LIFO (Last-In-First-Out) inventory valuation method, other nations that are following the IFRS (International Financial Reporting Standards) rules set...
    Bill of Exchange process flow
    Conceptually speaking, the trade of international goods is physical. So, understanding the logic behind shipping a container of goods from point A to point B is very digestible. However, the sale is not...
    Signing a Proforma Invoice
    This is a delicate document, accountants will have one understanding of a proforma invoice, law practitioners have another understanding of the document, and finally, exporters and importers have another use of the document....
    air waybill guide
    There is 63.3 million metric tons a year worth of cargos flying in the sky. The information flow of the cargo through to multiple parties revolves around a single piece of paper; The...
    What is EDI
    Whichever way that you are involved in the logistics sector, a freight forwarder, an NVOCC, a customs broker, a shipper, an importer, or even a large-scale manufacturer, you definitely have come across the...
    Foreign currency risk
    Foreign Currency is, in essence, a result of economic conditions, a symptom instead of a contributing factor. It is a sum of factors including: - Monetary PolicyMacroeconomic FactorsGlobal events
    Purpose of Air Waybill
    Without a doubt, all transportation land, air or sea, as long as the destination crosses borders, a bill of lading is required as the de facto transport document. So, what is the purpose of an Airway...