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A Review of the 2020 Incoterms amid Covid 19

Here’s What You Need to Know

covid and incoterms 2020

In the last quarter of 2019, the International Chamber of Commerce launched the Incoterms 2020. A set of rules that guide the trade community on the day to day transactions. One of the main roles of these rules is to alleviate disputes between traders (importers and exporters) at an international level. The Incoterms eliminate common challenges such as language barriers and geographical locations and ease the path of doing business many times with unknown suppliers in foreign lands. read more

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Minimize the Impact of Disrupters to Your Business

business disruptors

When it comes to logistics or any other industry, businesses need to constantly foresee and play in their heads adverse circumstances and plan accordingly for possible unexpected disruptions.
Due diligence always rewards those who take it seriously and by the end of a crisis, they are in a better position than those who did not have a strategy for the unforeseen. read more

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Certificate of Origin Overview

certificate of origin

What is a Certificate of Origin?

As defined by the International Chamber of Commerce (ICC) “a Certificate of Origin (CO) is an important international trade document that certifies that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country. They declare the ‘nationality’ of the product and serve as a declaration by the exporter to satisfy customs or trade requirements”. read more

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Understanding the Difference Between Demurrage and Detention

What These Additional Charges Mean For You

difference between demurrage and detention Source

What Are Demurrage and Detention Fees

When importing:

When exporting:

How To Avoid Additional Costs

Now and then unavoidable incidents occur, causing bumps in the road and delays in scheduling. While unfortunate, it does happen to everyone. But if you find yourself having to allocate additional funds for demurrage or detention fees, you might need to sit down and figure out why. read more

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IMO 2020: Cutting Sulphur Oxide Emissions

How IMO is Working Towards Cleaner Solutions

IMO 2020

Did you know that approximately 90% of global trade moves in the near 51,000 ships that conform the world fleet of ocean cargo carriers? This represents around 2.1 billion barrels of fuel annually and translates to roughly 88.2 gallons a year, or 244 million gallons per day. read more

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What Are the H.O.P.E and HELP Acts?

Understanding Trade Between the United States and Haiti

what are the HOPE and HELP acts

The United States has a long history of facilitating the trade with many of its neighboring countries, such as those in the Americas and the Caribbean through the implementation of trade agreements that result beneficial for all countries involved by promoting stability in their economies. read more

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The Difference Between Gross and Dimensional Weight

How to Calculate Costs In Air Freight Shipping

difference between gross and dimensional weight

Source

What is Gross and Dimensional Weight?

When it comes to shipping goods anywhere the weight and dimensions (among others) are important variables that will influence a great deal in the cost of the transportation service being provided.

When moving cargo, they may charge you based on the “dimensional weight” of your shipment rather than the actual weight (gross weight). By using a “weight equivalent” conversion formula based on the dimensions of the cargo, carriers will determine the dimensional weight and this becomes the chargeable weight if it is greater than the gross weight. read more

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Understanding the New C-TPAT Guidelines

Explore The New Criteria and How It May Affect Your Business

Understanding the New C-TPAT Guidelines

In the shipping industry, there are many policies and governing agencies in place to help streamline efficiency among players and protect the safety and security of all parties involved. One such initiative is the ‘Customs-Trade Partnership Against Terrorism’, more commonly known as the C-TPAT. read more

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CAFTA-DR (Central America – Dominican Republic Free Trade Agreement)

cafta dr agreement

The Central America – Dominican Republic Free Trade Agreement (CAFTA-DR) is the first agreement of this nature between the United States and a group of smaller developing economies which include our Central American neighbors: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, as well as the Dominican Republic. The CAFTA-DR promotes stronger trade and investment ties, prosperity, and stability throughout the region and along our Southern border. read more

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Driverless Vehicles and Drone Deliveries: The Future of Logistics

Changing the Way We Ship and Receive Goods

the future of logistics

In the last few years, huge strides have been made in the way items are delivered to our homes. Food options, for example, have evolved well beyond the traditional pizza and Chinese options, going so far as to provide instant delivery from restaurants miles away from an app on your smartphone, used by busy parents, working professionals, or just about anyone who simply doesn’t want to leave their house. Plus, with popular online retailers offering lightning fast delivery options, like one-day or even same-day services, customers all over the world are enjoying the benefits of these advancements. read more

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