Operational processes and attentions of old rail freight transport
23 April 2024
Since its inception, the Central Railway has greatly facilitated the circulation of trade between the two countries, effectively reducing transport time and reducing freight costs. In order to ensure the efficiency and safety of the transport process, it is essential to understand the detailed operating process and attention matters. This article will analyze in depth the three aspects of preparation work, tracking inquiries, and overseas stacking/return box.
CIF Terms Revealed: Understand the Costs and Responsibilities of International Trade!
23 April 2024
CIF (Cost, Insurance, and Freight) is one of the most common trade terms in international trade and is part of the International Chamber of Commerce’s (ICC) General Terms of Interpretation of International Trade (Incoterms). Understanding and correctly applying CIF terms can not only guarantee the fairness of transactions, but also effectively prevent the possibility of commercial transactions.
Responsibility for transfer costs under the CIF clause
12 April 2024
In international trade, the CIF (Cost, Insurance, and Freight) clause stipulates that the seller must bear all costs and risks until the goods are delivered to the agreed destination port, including insurance fees and shipping fees in the process of transportation of goods. However, in accordance with the CIF clause, shipping costs, especially additional costs arising from specific circumstances, such as check fees, are often the responsibility.
Global supply chain crisis drives air freight market to grow against the trend
11 April 2024
At a time when the global supply chain is experiencing unprecedented challenges, the air transport market has met an unusually busy “out-of-season”. Usually, the air freight market is out-of-season at the beginning of each year and after the Lunar Spring Festival, but this year the situation is very different.
European Export 40 Meter High Cabinet Weight Limit Problems and Operating Recommendations
April 10, 2024
The weight limitation of the 40-foot (40HQ) cabin for exports to Europe is indeed a matter that needs to be carefully considered. The limits on the weight of goods will vary in different countries and regions due to different traffic regulations, road conditions and port facilities. Although shipping companies have clear regulations on the maximum load of containers, the country of destination needs to be considered when practically operating.
Addressing the challenges of cargo returns in international trade
8 April 2024
In the process of international trade, the encounter of non-compliant quality of goods is a major risk to enterprise operations. Especially when the issue involves the customers explicit rejection of goods, how to properly handle the emergency task facing the enterprise. This article will explore in detail how to effectively carry out the process of re-delivery in the case of non-compliant inspection of goods and customer rejection, while involving the relevant laws and regulations.
Global shipping industry faces rising shipping costs and additional charges
2 April 2024
Recently, the global shipping industry has faced an uptick of shipping charges and additional charges again. Several major shipping companies, including Hapag-Lloyd, Mediterranean Shipping Company (MSC), Delta Shipping (CMA CGM), South Korean Shipping (HMM) and Walmart Shipping, have announced the upgrades of GRI (Integral Rate Rate Rate) and FAK (Free Shipping) from April 1 to May 1 this year.
Analysis of freight methods from China to Cambodia: Choosing the best transportation solution
29 February 2024
For companies, it is crucial to understand and choose the transportation methods that suit their products. Taking for example the transportation of goods from China to Cambodia, how do companies choose the most suitable transportation method according to different needs?This article will detail the three main transportation methods that China sends to Cambodia: air, sea and land, and their respective characteristics and conditions of application....
Shanghai container export index falls, shipping market faces challenges
February 28, 2024
With the end of the Lunar Spring Festival, the latest data released by the Shanghai Container Export Index (SCFI) showed a slow recovery in the market and a general drop in container shipping prices. According to data released on 23rd, the SCFI index dropped 56.4 points to 2109.91 points, falling to 2.6%. This change is consistent with market expectations, reflecting the gradual restoration of production in the post-Calendary plant, but the overall demand has not yet been fully disclosed.
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