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…

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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…

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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…

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