Guide to FOB Trade Terms and Risk Mitigation in Ocean Freight

Guide to FOB Trade Terms and Risk Mitigation in Ocean Freight

Under FOB (Free On Board) terms, the seller is responsible for costs up to the port of shipment, while the buyer bears the ocean freight and destination port charges. Pay close attention to the division of insurance responsibilities and the transfer of risk to avoid potential trade risks. Understanding these aspects of FOB is crucial for both parties involved in international transactions to ensure clarity and minimize disputes related to costs and liabilities during the shipping process.

09/26/2025 Logistics Encyclopedia
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Beijing Air Freight Export Booking Authorization Guide

Beijing Air Freight Export Booking Authorization Guide

This article provides a standard guideline for filling out the cargo booking authorization for air freight exports in Beijing. It details the importance of information regarding the shipper, consignee, notify party, and cargo. The necessity of accurate reporting is emphasized, along with comprehensive explanations of key elements like the port of origin, port of discharge, and cargo description. Ensuring that the information filled is complete and clear helps to improve the efficiency and smoothness of international freight transport.

07/21/2025 Logistics Encyclopedia
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Santos North Sea Ports Partner for Green Shipping Corridor

Santos North Sea Ports Partner for Green Shipping Corridor

The Port of Santos (Brazil) and North Sea Port (Europe) have signed a five-year cooperation agreement to establish a green shipping corridor. This partnership aims to promote the use of clean energy, technological innovation, and the development of a circular economy. The agreement seeks to create sustainable maritime routes in line with global decarbonization goals. By fostering collaboration and sharing best practices, both ports aim to contribute significantly to the sustainable development of the global maritime industry.

11/03/2025 Port Encyclopedia
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Pearl River Shipping Rate Index Trial Run: A Key Step for Guangzhou Towards an International Shipping Center

Pearl River Shipping Rate Index Trial Run: A Key Step for Guangzhou Towards an International Shipping Center

The Guangzhou Port Authority announced a trial run of the 'Pearl River Shipping Freight Rate Index' aimed at optimizing bulk logistics and enhancing Guangzhou's market influence. The forum discussed the advantages of strengthening river-sea and rail-water transportation. Future efforts will focus on increasing infrastructure development and port capacity. Additionally, the index will monitor freight rate fluctuations in real-time, providing valuable reference for the industry and contributing to Guangzhou's goal of becoming an international shipping center.

11/21/2023 Logistics
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Emirates Shipping Line Expands Routes and Booking Options

Emirates Shipping Line Expands Routes and Booking Options

This article provides an in-depth analysis of Emirates Shipping Line (ESL), covering key aspects such as schedule inquiry, route coverage, port selection, and space booking. It guides readers on accurately obtaining schedule information through official channels, third-party platforms, and manual inquiries. The article also details ESL's core route network, port services, and space guarantee strategies. Furthermore, it addresses frequently asked questions, assisting foreign trade enterprises and freight forwarders in optimizing their supply chain layout and enhancing global trade competitiveness.

01/07/2026 Shipping Company Encyclopedia
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Ocean Freight Costs Unpacking Terminal Fees and Hidden Charges

Ocean Freight Costs Unpacking Terminal Fees and Hidden Charges

This article provides an in-depth analysis of terminal handling charges and other hidden costs in international sea freight. It details the composition and influencing factors of various fees, including port charges, port congestion fees, customs clearance fees, and warehousing fees. The aim is to help cargo owners understand the complete picture of sea freight costs, effectively control expenses, avoid unnecessary expenditures, and gain a proactive advantage in international trade. By understanding these fees, shippers can better manage their logistics budget and negotiate favorable terms.

09/26/2025 Logistics Encyclopedia
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Freight Forwarders Face Key Customs Clearance Cutoff Times

Freight Forwarders Face Key Customs Clearance Cutoff Times

This article delves into the concept of cut-off time, differentiating between goods within and outside the bonded area. Using Shanghai Port as an example, it details the cut-off operation procedures for various ports. Furthermore, it provides practical advice on avoiding cut-off risks, assisting freight forwarders in efficient customs clearance and preventing unnecessary losses. The article aims to clarify the complexities surrounding cut-off times and empower freight forwarders to navigate port operations more effectively.

08/23/2025 Customs Knowledge
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Merger of Container Shipping Giants: Future Prospects of COSCO and China Shipping

Merger of Container Shipping Giants: Future Prospects of COSCO and China Shipping

COSCO Shipping and China Shipping are expected to receive merger approval by January, officially forming "China Ocean Shipping Group Co., Ltd." This merger will create the world's fourth-largest container shipping company. The complexity of the merger involves integrating overlapping departments and maintaining employee stability, with a total deal value potentially exceeding $20 billion. This merger will reshape the shipping markets of China and the world.

07/21/2025 Logistics Industry Insights
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