Trade Guide

What Technology is Being Used to Track Packages
Trade Guide

What Technology is Being Used to Track Packages?

In this article, we explore the latest trends and cutting-edge technologies shaping the future of package tracking, providing an overview of the primary tools in use, their advantages, and their applications in real-world scenarios

Tare Weight Explained What It Is and Why It Matters in Shipping
Trade Guide

Tare Weight Explained: What It Is and Why It Matters in Shipping

The tare weight, net weight, and gross weight of cargo play a crucial role in ensuring that your shipment is transported legally, accurately billed, and safely delivered to its destination. Understanding and calculating these different weight categories can lead to significant cost savings and help prevent potential issues

What is FOB
Trade Guide

What is FOB?

FOB, or Free on Board, is a trade term used in shipping that outlines when the ownership of goods transfers from seller to buyer. In “FOB shipping point,” the buyer assumes responsibility once goods are shipped, while in “FOB destination,” the seller maintains liability until goods reach the buyer. This impacts who pays for shipping and insurance, as well as when the risk of loss transfers. It’s a key factor in international trade and logistics.

Bill of Lading vs. Waybill A Detailed Comparison
Trade Guide

Bill of Lading vs. Waybill: A Detailed Comparison

Documentation serves as the backbone of the intricate web of global trade and logistics, ensuring the smooth flow of goods from one point to another. The Bill of Lading and the Waybill are essential documents in this realm. Understanding the disparities between these documents is critical for anyone involved in shipping and logistics operations, as both documents serve different purposes and carry distinct legal implications.

What Happens If I Lose My Bill of Lading
Trade Guide

What Happens If I Lose My Bill of Lading?

A Bill of Lading (BoL) is one of the most important documents in international trade, acting as a receipt of goods, a contract between the shipper and carrier, and a document of title. Losing this document can have serious consequences, particularly for the buyer or seller, depending on the stage of the transaction. Without the original BoL, the release of goods can be delayed or halted, and the process to resolve the issue can be complex.

Functions of a Bill of Lading
Trade Guide

Functions of a Bill of Lading

A Bill of Lading (B/L) is a key legal document used in the shipping and logistics industry. It serves multiple purposes in the transportation of goods, providing essential details about the shipment and regulating the relationship between the shipper, carrier, and consignee