Trade News

International trade terms (Incoterms) are international standards developed by the International Chamber of Commerce (ICC) to regulate the division of responsibilities, costs and risks between buyers and sellers in global trade.

Accumulate work experience 1. Internship opportunities 2. Entry-level positions 3. Industry exchanges Build connections and customer networks 1. Join industry associations 2. Build customer relationships 3. Partnerships Establish your own freight forwarding company 1. Develop a business plan 2. Register a company 3. Build a team 4. Market promotion

Freight forwarders have rich industry knowledge and experience and can provide customers with professional transportation consulting and solutions. For some small and medium-sized enterprises or low-value goods, the service fees of freight forwarders may be high, affecting their profit margins.

FOB means that the seller completes the delivery obligation after loading the goods on board the ship at the port of shipment. FAS means that the seller completes the delivery obligation by placing the goods next to the ship designated by the buyer at the port of shipment.

11 International Trade Terms: 1. EXW (Ex Works) 2. FCA (Free Carrier) 3. CPT (Carriage Paid To) 4. CIP (Carriage and Insurance Paid To) 5. DPU (Delivered at Place Unloaded) 6. DAP (Delivered at Place) 7. DDP (Delivered Duty Paid) 8. FAS (Free Alongside Ship) 9. FOB (Free on Board) 10. CFR 11. CIF

According to data from the American Transportation Research Institute, by the end of 2023, there will be more than 17,000 freight forwarding companies in the United States. These companies are distributed in various states across the United States, with California, Texas as the main concentrations.

According to the latest data in 2024, the world's largest shipping company is Denmark's Maersk Line, whose parent company is A.P. Moller-Maersk Group. Maersk Line was founded in 1904 and is headquartered in Copenhagen, Denmark.

The top 5 largest shipping countries: NO1. Greece (20%), NO2. China (15%), NO3. Japan (12%), NO4. Germany (8%), NO5. Singapore (5%). ● The largest shipping country: Greece As of 2023, Greek shipowners control about 20% of the world's total merchant ship tonnage.

The richest international logistics company: UPS Headquartered in Atlanta, Georgia, UPS is one of the world's largest package delivery companies. According to UPS's 2023 annual report, the company's operating income reached $97 billion that year.

● Freight: covers a variety of modes such as sea transportation, air transportation, rail transportation and road transportation. ★ Truck transportation: mainly refers to road transportation by truck, which is suitable for regional and urban distribution of medium and short-distance goods.