Singapore HS code for import

What is the Singapore HS code of a product? All products being imported to and exported from Singapore need to be declared to Singapore Customs. In order to make the…

Continue Reading Singapore HS code for import

General Average clause in shipping

General average clause in shipping industry The general average concept in shipping deals with losses arising during ocean transport that need to be shared between all cargo owners shipping on…

Continue Reading General Average clause in shipping

What is volumetric weight?

What is volumetric weight? The volumetric weight can also be called volume weight. It represents the weight of a package and its dimensions. Courier/Parcel companies often use volumetric weight and…

Continue Reading What is volumetric weight?

Demurrage vs Detention

Importers and exporters alike are often unable to differentiate between demurrage and detention. Let's look at the differences between the two. Demurrage vs Detention Demurrage and detention relate to costs…

Continue Reading Demurrage vs Detention

Optimization of logistics management

New technologies have a significant influence on operations in logistics. These advancements can bring numerous improvements in tactical areas like shipment tracking and route planning. In this article, we look…

Continue Reading Optimization of logistics management

Managing logistics

What is logistics management? Logistics management consists of integrating the planning, organization, and control of everything related to the production, distribution, compliance, and sourcing functions of a company or business.…

Continue Reading Managing logistics

Who issues the Bill of Lading?

What is the bill of lading used for? The bill of lading or B/L, serves as a maritime transport contract. It is a document of proof that the required goods…

Continue Reading Who issues the Bill of Lading?

Exploring E-commerce and its challenges

The exponential growth of E-commerce We can loosely define e-commerce as the purchase and sale of products or services through electronic means, such as social networks, online marketplaces, websites, or…

Continue Reading Exploring E-commerce and its challenges

What are TARIC codes?

What is a TARIC code? The TARIC code is numerical nomenclature is used in the EU to classify goods. This number determines the tariff that is applied in export/import operations.…

Continue Reading What are TARIC codes?