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What are freight charges?

August 29, 2022 3389 Read More

Freight charges or freight rate is the price that the shipper pays to the carrier for shipping his goods from the source

What are the commonly used terms in International Trade?

August 28, 2022 3814 Read More

INCOTERMS (International Commercial Terms)EX-WorksFOB (Free On Board)FCA (Free Carrier)CFR (Cost and Freight)CIF (Cost,

What are the risks involved in International Trade?

August 27, 2022 3920 Read More

Political risksPolitical risk arises when countries change their trade policies or impose trade barrier that directly or

What is the role of FFA in Logistics?

August 26, 2022 3798 Read More

FFA stands for Forward Freight Agreement and is a financial forward contract (a non-standardized contract between two en

What are the types of cargo?

August 25, 2022 3823 Read More

Breakbulk cargoBreakbulk cargo refers to goods that need to be loaded individually and cannot be transported in intermod

What is a trade agreement?

August 24, 2022 3912 Read More

A trade agreement refers to a contract between two or more states regarding their trade relations. It's a pact speci

Who is a Consignee?

August 23, 2022 3780 Read More

A consignee or an importer is the entity that receives the goods sent by the shipper or exporter. He is the receiver and

Who is a Shipper?

August 22, 2022 4048 Read More

A shipper or an exporter is the party that takes up the responsibility of packing goods and shipping them from one place

What is Inbound Logistics?

August 21, 2022 3696 Read More

Inbound logistics refers to the inflow of raw materials from suppliers to manufacturing facilities. It includes the proc

What is Outbound Logistics?

August 20, 2022 3818 Read More

Outbound logistics is the outflow of goods from the company to its clients. It involves the movement of goods from the e

How do FFAs work?

August 19, 2022 6667 Read More

A Buyer and a Seller comply with trade an FFA contract and through their broker, they're going to agree on the route

What is the importance of FFA in the Air Cargo Movement?

August 18, 2022 6505 Read More

Forward Freight Agreements initially appeared in 1991 which was developed by H. Clarkson and Co. Ltd. However, the use i

What are the taxes applicable on Air Freight?

August 17, 2022 7260 Read More

Several taxes are levied on air freight services and understanding them is vital if the corporate wants to use air freig

Air Freight charges explained (FSC & SSC)

August 16, 2022 11269 Read More

Fuel Surcharge or FSC:Fee assessed by a carrier to account for regional / differences due to the season in fuel costs. A

What are the pros & cons of Air Export-Import?

August 15, 2022 7837 Read More

What are the proscons of Air Export-Import?ProsConsHigh speedHigh costAllows Transport of Perishable GoodsHigh RiskNo In

What is IATA?

August 14, 2022 6433 Read More

The Indian airline trade association is an association of the world's airlines founded in 1945. IATA is the system t

Air Freight-How to calculate Volumetric weight?

August 13, 2022 5373 Read More

All means of freight transportation are ruled by weight and cubic measurement factors, where the carrier will charg

Air Freight-How to calculate Chargeable Weight?

August 12, 2022 6906 Read More

If weight in kgVolumetric weight:Step 1:Calculate the capacity of the air freight shipmentStep 2:Convert cubic inches in

What is de minimis value?

August 11, 2022 6936 Read More

The duty or tax-free amount is known as ‘de minimis value.’ It is a country-specific value and taxes are exempted belo

What are the taxes applicable on Ocean Freight?

August 10, 2022 6821 Read More

Shipping goods is quite a complex process and an integral part of this process is dealing with a wide range of taxes inv

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