7 Ways To Avoid Getting Scammed When Buying Online
Recent events have given the e-commerce industry a steroid induced growth spurt that online scammers all over the world are rushing to take advantage of. Sophisticated fraudsters are now offering…
Supply Chain Logistics Definitions
The supply chain and logistics space is so full of industry specific terminology and jargon that even the most experienced logisticians can often come across new terms they are unfamiliar…
What are Export Controls?
Export controls define the rules surrounding the release of certain types of data, information, products, technology, services and funds from a country. Export control regulations are written to prevent the…
Incoterms: Frequently Asked Questions
In this article we look at all the frequently asked questions about Incoterms. You may also like our comprehensive article and relevant diagrams explaining the 2020 version of the terms…
When does title of goods pass from seller to buyer?
Incoterms deals with several aspects of trade such as : General obligations Transfer of risks Delivery Carriage Insurance Delivery and transportation documents Export clearance Import clearance Cost allocation between buyer…
Can Incoterms be used for domestic shipments?
Since most businesses already refer to Incoterms when they do cross border trade, they also include them by default when doing domestic shipments. This is perfectly fine in most cases,…
Terminal handling charges and Incoterms
THC, or terminal handling charges is a term used to refer to the collection of costs and fees related to using the port terminal facility. Terminal handling charges are usually…
A Hidden Risk In DDP
Delivered Duty Paid or DDP, is the only Incoterm that requires the seller to act as the importer of record in the buyer's country. Buyer's typically opt to trade on…
Delivery In Incoterms
The term "delivery" has an important definition when it comes to Incoterms and logistics. This is the point where risk transfers to the buyer from the seller. This is also…
Incoterms and the Organization
Trade compliance is not the only function within an organization that is concerned with Incoterms. In fact, almost every aspect of supply chain is in someway or another affected by…
FCA vs EXW
FCA and EXW form part of Incoterms® 2020. Both these terms are very similar. Both of these terms can be used for any mode of transport. However, there are some…
Effective Compliance Training
Compliance training for the larger organization is an essential part of any compliance department's scope of work. Having colleagues throughout the supply chain who are familiar with concepts such as…
