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…
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…
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…
