Understanding Incoterms® 2020

Incoterms® are also referred to as International Commercial Terms, which are published by the International Chamber of Commerce (ICC), which relate to International Commercial Law. They are accepted by governments and legal authorities around the world. The ICC published new Incoterms® 2020 that have come into effect from the 1st of January 2020 ...more

Shipping Container Specifications & Shipping Methods

There are 4 modes of transport along the International Supply Chain. Goods can be transported via Sea, Air, Road or Rail. Multiple modes of transport will most likely be used for 1 single shipment to get products delivered to International locations.

When exporting goods, there are different types of shipping shipping containers available to load and transport goods. The mode of transport and the type of shipping container used mainly depends on the product’s overall packing sizes, cubic measurement or total weight. ...more

SWIFT International Telegraphic Transfers and other International payment methods

If you’re involved in Global Trade you would be aware that importers and exporters agree to sell goods on agreed payment terms that usually involve a SWIFT Telegraphic Transfer, or T/T payment. Before products can be exported around the world, the buyer and seller will agree on the terms of trade (including Incoterms®) then include all details in Purchase Orders, Proforma Invoices and Sales Contracts that are countersigned by both parties. ...more

Landed Cost Calculator

Businesses must have a good understanding of what the landed cost of imported products will be in advance so that they can make smart decisions for their business. If a business is planning to import products and on-sell them in their market, then they must have a good idea of what the actual final landed cost is for each item. ...more