Detention vs Demurrage in Shipping & Logistics: Simple Guide for Exporters & Importers Detention vs Demurrage in Shipping & Logistics: Simple Guide for Exporters & Importers What Are Detention and Demurrage? When a container is used for international trade, the shipping line gives the importer or exporter a free period to use the container. If… Read More »
Shipping & Logistics in Global Trade: Modes, Importance and How Goods Move Across Borders When goods move from an Indian exporter to a buyer in another country, the transaction does not end with finding a buyer or preparing the invoice. The goods must physically travel from the seller to the buyer. This is where… Read More »
Sanctioned Countries: What Exporters Need to Know Before Trading International trade involves more than finding a buyer. Before exporting, businesses must check whether the country, buyer, product, bank or transport provider is subject to sanctions. What Are Sanctioned Countries? A sanctioned country is a country, government, company, organisation or individual facing restrictions on trade, finance,… Read More »
In the haste to ship the product at its earliest, exporters often, neglect to convey particular instructions to their respective forwarders. This resulting into a disaster/ mess. In order to avoid the error, it is very much important to adopt Shipper’s Letter of Instruction (SLI) norms. Shipper’s Letter of Instruction is an optional document that… Read More »
Rarely do shippers understand the vocabularies or complications of shipping perishables to ensure harmless and seamless transit of their goods. Without sufficient industry expertise, crucial shipment details may be neglected resulting in damage to the product or loss of the contract. Below are some tips and tools to consider becoming a successful exporter of… Read More »