economic transactions News

Port of New York and Jersey Secures Record Funds for Green Shift

The Port Authority of New York and New Jersey secured a record-breaking $347 million in federal funding for clean port initiatives, bolstering its sustainability efforts. The funds will support the transition to zero-emission equipment, the construction of shore power infrastructure, community engagement, and air quality monitoring. This investment will help the port achieve its 2050 net-zero emission target and solidify its position as both an economic engine and a model for green ports.

11/03/2025 Logistics

New Sierra Grande Airport Boosts Patagonias Connectivity

This article provides a detailed analysis of Sierra Grande Airport in Argentina, covering key information such as its IATA code (SGV), ICAO code (SAVS), geographical coordinates, and its role in local economic development. The report also explores the airport's facilities, operations, and future development prospects. It aims to provide a comprehensive reference for practitioners and interested readers, offering insights into the airport's significance and potential within the Argentinian aviation landscape. The analysis includes operational details and future growth plans.

11/03/2025 Airport Codes

Truck Cargo Insurance Essential for Business Protection

Cargo insurance for trucking provides protection for goods in transit, covering risks such as natural disasters, traffic accidents, and cargo abandonment. For transportation companies and truck drivers, purchasing this insurance effectively transfers risk, protects economic interests and business reputation, and ensures peace of mind during transportation. It safeguards against financial losses caused by unforeseen events, allowing businesses to operate with greater security and confidence. This coverage is crucial for mitigating potential disruptions and maintaining a stable supply chain.

11/03/2025 Logistics Encyclopedia

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

Exporters Guide to Managing FOB Trade Costs and Risks

This article provides an in-depth analysis of key aspects of FOB trade, including cost allocation, risks associated with nominated freight forwarders, and prevention of delivery without original bills of lading. The aim is to help exporters gain a comprehensive understanding of FOB terms, effectively control costs and risks, and ultimately improve trade profits. It explores practical strategies for mitigating potential issues and ensuring smooth transactions under FOB Incoterms.

08/23/2025 Logistics Encyclopedia

Banco De Occidentes SWIFT Code Eases Global Transfers

This article provides an in-depth analysis of Banco de Occidente's SWIFT/BIC code, OCCICOBCCTG. It details its structure, usage, and important considerations to help readers accurately conduct international money transfers. The aim is to prevent delays, failures, or financial losses resulting from incorrect codes. The article also offers various methods for finding the correct SWIFT code, ensuring smooth and reliable cross-border transactions involving Banco de Occidente.