Similar to CPT, only the seller is also obliged to take out insurance (for at least the value of the goods) until delivered at the destination (usually the buyer's warehouse).
The seller delivers the goods to the destination port (note: Arrival of the ship in the port, this is different from having the goods on the quay). The risk and costs pass as soon as the goods are boarded (pass the railing) in the loading port. However, the freight charges to port of arrival are paid by the seller.
Same as CFR. The only difference is that the seller must insure the goods for at least the value of the goods against loss or damage of the goods during transport.
The seller delivers the goods directly to the agreed place of destination. The seller arranges the transport, insurance and export documentation. The buyer is responsible for unloading the goods at the destination and also for the (customs) import procedure and pays the import duties.
Often used in cross-border transports. The seller arranges the transport, insurance and export documentation and delivers, on the instructions of the buyer, to the agreed place (usually customs terminal) in the country of destination. The buyer is responsible for the import and transport from the place of delivery (usually terminal).
The seller delivers the goods directly to the agreed place of destination. The seller arranges the transport, insurance and export documentation. The seller is also responsible for (customs) import and any import duties to be paid. The buyer is responsible for unloading the goods at the destination.
Ex Works is the simplest incoterm. The seller only has to produce and prepare the goods. So it is ready for transport in the factory / warehouse. The risk, (customs) formalities and costs lie with the buyer.
The seller delivers the goods, cleared, alongside the ship (the quay). On the quay, the risk and costs also pass from the seller to the buyer. (This term is no longer common, unless it concerns, for example, provisions for the crew of the ship or parts for the ship). The seller is responsible for transport, documentation and export (customs) of the goods.
The seller delivers the goods, cleared, on the ship. The risk passes to the buyer at the moment the goods come on board the ship (literally pass the railing).
BTI stands for Binding Tariff Information, also known as binding tariff information. When importing goods, the customer has to deal with import duties. The associated costs can be derived from the European system of commodity codes. In order to calculate the costs of the import of goods in advance, a BTI can be applied for at customs.
In the bonded warehouse (customs warehouse) loads can be stored indefinitely without having to pay import duties and VAT. In this way, customs duties and VAT are only paid upon importation into the country of destination. This avoids a double payment.
A bunker surcharge is charged to compensate for price fluctuations in fuel prices. The BAF is linked to the oil price.
If our customers receive a load from multiple suppliers, we can consolidate their goods into one container. This saves considerable costs. See also LCL and FCL .
Congestion literally means silting up, also known as an accumulation or blockage in a network. This refers to the overcrowding of roads, railway network and airspace. This creates more and more traffic jams and accessibility problems.
• Interior dimension: dimensions of the interior of the container; • Through opening: dimensions of the door opening of the container; • Top opening: dimensions of the roof of the container; • Tare weight: weight of the container empty; • Cubic capacity: cubic capacity of the container; • Payload: maximum allowed weight of the container.
When cargo is transported between an origin and a destination without entering the country where the sender is registered, this is referred to as cross trade.
E-fulfillment is the processing of goods after a transaction via the internet. This includes: inbound and storage and the collection, packaging and shipping of goods to the specified data.
The EBS has been implemented by carriers to further cover the costs of rising fuel prices. The EBS is added on top of the BAF when fuel prices have risen to such an extent that carriers start to lose profit. (See also BAF )
FCL stands for full container load. In this case, you rent the entire container. (See also LCL)
Incoterms (International Commercial Terms) is an international standard on the rights and obligations of the buyer and seller in the international transport of goods. These have been developed and published by the International Chamber of Commerce. Each Incoterms rule specifies each party's obligation and the point in the journey where the risk is transferred from the seller to the buyer.
During a period of low tide, more ship space is required for a cargo. The market is tightening as the water level falls. For the same cargo of cargo, more space is needed during low tide, simply because a ship cannot be fully loaded. A so-called low water surcharge must be paid for this extra space. This is a percentage increase or a fixed amount on top of the normal freight rate.
An NVOCC, non-vessel operating common carrier, is a forwarder who assumes the liability of a sea carrier. An NVOCC is a cargo consolidator that does not own a vessel, but acts legally as a carrier by assuming a variety of required responsibilities. An NVOCC acts as 'carrier to sender' and 'shipper to carrier'.
AnswerValue added logistics comprise all additional services that are added to a product during the logistics process. Packing, repacking, labeling, pricing, assembling, etc.