Risks of using DAP Incoterm
DAP Incoterm is a term used to describe a buy-sell arrangement where goods are delivered to a specific location, also known as the "named place". DAP is an acronym for…
Difference between 3PL and 4PL
The use of 3rd party logistics and 4th party logistics models is a common practice throughout the world. Let's look at what these terms mean. 1PL: First Party Logistic Model…
Back to Back LC
What is a Back to Back letter of credit? The Back to Back letter of credit is a secondary letter of credit that can be used finance a transaction. The…
Incoterms 2020 Introduction For Traders
What are Incoterms® 2020? Incoterms is short for international commercial terms. These were first published by the International Chamber of Commerce (ICC) in 1936. The ICC publishes updates to the…
