Why You Should Be On EXW (Ex Works) for Total Supply Chain Control
South China THC Changes Lead to Dreamland for Freight Forwarders
Within the shipping world, ‘Incoterms’ are a set of standards used within a trade regardless of whether the trade is domestic or international. Published by the International Chamber of Commerce, International Commercial Terms (Incoterms) essentially outline all the important details within the trade including time of delivery, location of delivery, payment, and which party pays […]
FCA vs FOB Incoterms: Who Pays the Origin Charges?
When it comes to the freight and shipping industry, there isn’t much we don’t know. Every week, we keep on top of news and technology allows the whole world to stay in the loop with a simple internet connection. However, South China THC (Terminal Handling Charges) changes are going completely under the radar and it’s […]
Recently, I worked on a bid for a Fortune 100 company within the technology industry. Instantly, I realized they had the bid template listed with the Incoterms of FCA Suzhou. According to ICC 2010, the shipper bears the responsibility for getting the cargo to the named FCA location. However, there is no legislation regarding origin […]