Global Trade Relies on Clarity of Incoterms

Global Trade Relies on Clarity of Incoterms

This article delves into the core functions and significance of international commercial terms (Incoterms®), including the allocation of costs and responsibilities, the clarification of risk transfer, and guidance for participants in transportation. Commonly used Incoterms® such as FCA, FOB, FAS, and EXW, along with the slight differences between the 2010 and 2020 versions, help buyers and sellers clearly understand their respective obligations and risks in transactions.

08/07/2025 Logistics Encyclopedia
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Logistics Index Hits June High Despite Supply Chain Strains

Logistics Index Hits June High Despite Supply Chain Strains

The logistics management index in June reached 60.7, showing a significant increase from May and indicating signs of recovery in the logistics sector. Inventory levels and costs continue to rise, while warehousing capacity has entered a contraction phase for the first time, reflecting potential uncertainties in future supply and demand. Changes in trade policy have also had a significant impact on the economy and the outlook for the logistics industry.

07/07/2025 Logistics Industry Insights
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Freight Forwarder Shares Expert Tips for Smooth Customs Clearance

Freight Forwarder Shares Expert Tips for Smooth Customs Clearance

This article, based on the experience sharing of seasoned freight forwarders, delves into common issues in container import and export processes. It covers aspects such as customs declaration, commodity inspection, free time, empty container handling, and manifest amendments. The aim is to help businesses mitigate risks, improve efficiency, and reduce logistics costs. It provides practical insights into navigating the complexities of international container shipping and optimizing supply chain operations.

08/23/2025 Logistics Encyclopedia
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Freight Forwarding Guide ISF FROB and Detention Fees Explained

Freight Forwarding Guide ISF FROB and Detention Fees Explained

This article provides an in-depth analysis of common issues in freight forwarding customs clearance, such as ISF, FROB, detention fees, and dangerous goods declaration. It offers practical advice to help you efficiently navigate complex processes, reduce logistics costs, and successfully complete import and export operations. The guide aims to equip freight forwarders and importers with the knowledge needed to avoid costly mistakes and ensure smooth transit of goods.

08/22/2025 Logistics Encyclopedia
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Fincombank Moldova Simplifies SWIFT Transfers for Clients

Fincombank Moldova Simplifies SWIFT Transfers for Clients

This article provides a detailed overview of FinComBank S.A. Moldova's SWIFT code, FTMDMD2XXXX, and its applications. It emphasizes the importance of verifying information before initiating international money transfers and advises users to choose appropriate platforms to minimize costs. The article also includes essential information for receiving remittances from abroad and a disclaimer. Understanding the correct SWIFT code and related details is crucial for ensuring smooth and efficient international transactions involving FinComBank.

09/03/2025 International Settlement
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Venezuela Opens Pedernales Airport As Western Cargo Hub

Venezuela Opens Pedernales Airport As Western Cargo Hub

Pedernales Airport (PDZ) is located in the Delta Amacuro state of Venezuela, serving as a crucial air hub connecting the country's western coast. As a city code airport, PDZ offers efficient and convenient transportation options for cargo companies. It facilitates businesses to expand into the Venezuelan market, reduce logistics costs, and gain a competitive edge. The airport plays a vital role in supporting freight operations within the region.

09/29/2025 Airport Codes
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Maersk Launches Platform to Streamline Container Fee Management

Maersk Launches Platform to Streamline Container Fee Management

The Maersk platform introduces a self-service feature, empowering authorized users to easily query import container demurrage and detention information, including free days and deadlines. This functionality aims to help customers better plan cargo pickup and container return times, avoiding unnecessary charges and optimizing logistics processes, ultimately reducing operational costs. Through the Maersk platform, users can clearly understand the basis for fee calculations, enabling refined management and improved profitability.

09/28/2025 Logistics Encyclopedia
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AI Transforms Logistics with Integrated Operations

AI Transforms Logistics with Integrated Operations

AI-powered integrated logistics enhances efficiency and user experience. It provides real-time insights, demand forecasting, and inventory optimization, leading to reduced costs. This technology has broad applications and significant potential in the future of logistics. By leveraging AI, logistics operations can become more agile, responsive, and cost-effective, ultimately improving the overall supply chain performance and customer satisfaction. The integration of AI is poised to revolutionize the logistics industry.

09/28/2025 Logistics Industry Insights
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Supply Chain Services Boost Efficiency for Faster Market Entry

Supply Chain Services Boost Efficiency for Faster Market Entry

This paper delves into the crucial role of value-added services in modern supply chain management. It provides a detailed overview of various services, including label management, customized packaging, quality control, and inventory reporting, illustrating how these services can optimize logistics processes, reduce operating costs, enhance product value, and ultimately strengthen a company's market competitiveness. Choosing the right value-added services can transform the supply chain into a competitive advantage.

09/28/2025 Warehousing
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Maersk Combines LTL and FTL for Enhanced Logistics Efficiency

Maersk Combines LTL and FTL for Enhanced Logistics Efficiency

Maersk offers integrated container logistics and supply chain services, focusing on Less-than-Truckload (LTL) and Full-Truckload (FTL) transportation, covering warehousing to last-mile delivery. By optimizing transportation routes and adopting advanced technologies, Maersk reduces costs, shortens delivery times, and provides comprehensive supply chain management services. This empowers businesses to succeed in the global market by streamlining their logistics operations and improving efficiency across the entire supply chain.

09/28/2025 Logistics
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