Freight knowledge

Demurrage and Detention quickly become a shipper’s nightmare and can result in thousands of dollars in per diem charges. Costs that arise because of bad planning, unforeseen circumstances and bad communication play such a big role in the final cost of freight. Demurrage and Detention charges are a matter of the allowed free-days – if these days are exceeded, the container user…

Delivery Duty Paid (DDP) Delivery duty paid (DDP) is a delivery agreement where the seller (exporter) is responsible for the shipment and for all potential risks and costs, until the shipment reaches its final destination. The potential costs ”include all transportation costs, any loss due to damage during transit, and the payment of customs duties, import taxes,…

CIF Incoterm definition – CIF Shipping for sea freight The CIF shipping term means that the seller is obligated to cover the cost, insurance and freight transport of goods to the named port of destination. The seller is responsible for clearing the goods for export, providing any type of documents or export licenses required for…

The Incoterm that places the most responsibility on the buyer, EXW, or Ex Works, indicates an international trade contract in which the seller has the goods ready for pickup from an agreed on location and (often the seller’s factory) buyer is responsible for all operations including pickup, export responsibilities, and all transportation. According to EXW…

What Is Free on Board (FOB)? Free on Board (FOB) is a shipment term that defines the point in the supply chain when a buyer or seller becomes liable for the goods being transported. Purchase orders between buyers and sellers specify the FOB terms and help determine ownership, risk, and transportation costs. “FOB Origin” or FOB Shipping Point” means…

If you’re importing from overseas, sea freight is often the cheapest option – but did you know that you can save even more? Sea freight is a great bargain in comparison to other methods of international shipping, it’s true – but that doesn’t make sea freight cheap. When you’re importing, you want to minimise your…

Getting your first shipment imported cross country and confused about what LDP cost is? Find out what Landed Duty Paid is, why it is important and how to calculate it. What is the LDP cost? Landed Duty Paid (LDP) price is the final amount paid by a buyer for the goods they have had manufactured. The…

Recently, major shipping companies have announced a new round of tariff adjustment plans. Since May, shipping companies including MSC, Maersk, CMA, COSCO Shipping, Hapag-Lloyd, HMM, etc. will continue to adjust rates involving Europe, Mediterranean and North America. If the major shipping companies in May successfully implement a comprehensive rate surcharge (GRI) price increase program, according…

Delivered Duty Unpaid (DDU) is a trade term where the seller ensures goods are delivered to a specific destination. The seller pays all transportation expenses and assumes all risks during transport. The buyer is responsible for paying all import duties and additional transportation costs. DDU was removed from the official list of Incoterms in the 2010 revision. …

China is a major manufacturing center as well as a large potential market for export goods. A thriving business ecosystem, strong logistics network, efficient supply chain management, and currency regulation practices make exporting from China relatively manageable and highly productive to global shippers. Table of contents Export goods from China If you’re considering exporting from China…