Trade News

  • 2607-2024

    What does FCA mean in freight transportation?

    FCA is a trade term in the International Commercial Terms (Incoterms) issued by the International Chamber of Commerce, which means "free carrier". According to the FCA terms, the seller is responsible for delivering the goods to the carrier designated by the buyer.

  • 2507-2024

    What is the difference between EXW, FOB and CIF?

    Differences in responsibilities and risks: In EXW, the seller has the least responsibility. In FOB, the seller has moderate responsibility. In CIF, the seller has the greatest responsibility, not only responsible for delivery at the port of shipment, but also for freight and insurance etc..

  • 2407-2024

    Does DDP apply to air or sea transport?

    Under the DDP terms, the seller bears all costs and responsibilities until the goods are delivered to the destination specified by the buyer. This includes inland transportation, export customs clearance, international transportation, import customs clearance, payment of tariffs and VAT, etc.

  • 2307-2024

    What does CNF mean in cargo transportation?

    CNF (Cost and Freight): CNF means that the seller is responsible for paying all costs of transporting the goods to the port of destination, but does not include the costs and insurance costs after the goods are unloaded at the port of destination.

  • 2207-2024

    Which is the cheapest international transport company?

    Top 6 cheapest international transport companies: 1. DHL, 2. FedEx, 3. UPS, 4. TNT, 5. Ocean Network Express (ONEX), 6. China Ocean Shipping Group (COSCO). These companies provide a variety of transportation services around the world, including air, sea, land and integrated logistics solutions.

  • 1907-2024

    What is DDP by Ocean Freight?

    DDP by Ocean Freight is one of the international trade terms, which means that the seller bears all costs and risks from the place of departure to the destination, including ocean freight, insurance, import duties and other taxes at the destination.

  • 1807-2024

    What does CIF mean in international freight?

    CIF is one of the international trade terms, and its full name is Cost, Insurance, and Freight, which means "cost, insurance and freight". Under this term, the seller is responsible for all costs of transporting the goods to the designated port of destination.

  • 1707-2024

    What are the key business indicators in freight services?

    Key business indicators in freight services: 1. Transportation efficiency, 2. Transportation safety, 3. Cost control, 4. Customer satisfaction, 5. Resource utilization, 6. Environmental friendliness.

  • 1607-2024

    How does the cargo tracking system work?

    In sea transportation, the cargo tracking system is mainly implemented by tracking the navigation track of the ship. In air transportation, the cargo tracking system is closely related to the real-time flight information of the airline.

  • 1507-2024

    What are the Pros and Cons of sea and air transport in international freight?

    To sum up, the advantages of sea transportation are low cost, large-capacity transportation, strong stability, environmental protection and energy saving. The disadvantages are long transportation time and unsuitable for special goods. The advantages of air transport are fast speed...

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