In case you haven’t heard, the worst-kept secret in the shipping industry has now been confirmed, Cosco acquires OOCL, Cosco paying $6.3 billion for Orient Overseas International Ltd (OOIL) – owners of OOCL, the seventh-largest shipping company in the world. Based in China, Cosco has been an industry leader for some time and this agreement […]
For many years, we’ve all known how important Chinese products have been within society. For a long time, they enabled the US citizens to have a choice in terms of pricing even with the small sacrifice or perhaps a question mark over quality. However, Chinese imports have grown more and more common to the point […]
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 […]
Within every business, there are certain processes integral to success and one of these should be your purchase orders. Sure, you give invoices to people who buy your products but what about the other way around? Just as important, you should also be issuing purchase orders to all your suppliers. If you’re not doing this […]
If you’re fairly new to the shipping industry or have been researching the topic recently, you’re likely to hear about customs ruling quite often but not many people actually know what this term means. However, there’s no need to panic because today we’re going to take you through the basics as well as showing what […]
In the last decade alone, the world has made a dramatic shift over to technology and the internet. For generations, we were intent on visiting stores and buying products in a face-to-face transaction. In 2017, it is widely expected for CBP to process $2.5 trillion worth of goods in trade. With smartphones, tablets, computers, and […]
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 […]