For the past 80 years, Incoterms® by ICC has been the cornerstone of global commercial trade, creating the basis for robust trade negotiations directly or indirectly involving sellers, buyers, shipping … Read more..
Cargo insurance is a type of insurance that covers/compensates a buyer or seller of goods against cargo damage or loss of cargo.. Despite insurance having been around for centuries, there is still a … Read more..
I can visualise a few raised eyebrows to the question “Will the container industry ever forget FOB”.. Especially since FOB has been and still seems to be an integral part … Read more..
To the casual onlooker, signing a bill of lading may be a routine, day to day mundane job done by many people across the world.. But the fact is that … Read more..
For the past 80 years, Incoterms® has been the cornerstone of commercial trade globally setting the basis for robust trade negotiations which involves directly or indirectly, sellers, buyers, shipping lines, … Read more..
An interesting question from a reader about who will get the claim amount in a CIF shipment where the cargo is damaged in transit.. The seller or the buyer..?? Read … Read more..
Is there a link between the demurrage charged by the shipping line and Incoterms®..?? This question was prompted by the below question from one of the readers.. Thank you Rizwan.. … Read more..
Incoterms, the transfer of risk and the title to sue are some of the issues that are discussed at length and detail across many platforms.. There is however a great … Read more..
At some stage of shipping, many buyers and sellers have gone through this question.. There has been cargo damage – who should be held responsible.. Who was supposed to check … Read more..
Shipping your cargo without insurance.. Hmmmmm, not a very smart idea.. Several pitfalls await those who attempt this.. Here’s a question from a reader based on their historical experience.. All … Read more..
Watch Emily O’Connor, Executive-Secretary of the Incoterms Working Group explain the ins and outs of the Incoterms® 2010 Rules and their use for business..
Incorrect cargo in container – who is responsible..?? This is the gist of the question below from Bukky.. Container arrived,sealed Cleared customs in Houston, TX. Pick up the same for … Read more..