How to Print Labels When Shipping Amazon FBA

How to Print Labels When Shipping Amazon FBA

Labeling packages and products correctly is essential, not to mention it also saves time and money. Incorrect labels might cause delays and even additional fees in the Amazon warehouse. The Amazon FBA system on your seller account will create labels for the shipment.Individual products must be labelled with their own barcodes. The same goes for…

How to Avoid Demurrage and Detention Charges?

How to Avoid Demurrage and Detention Charges?

Demurrage and Detention quickly become a shipper’s nightmare and can result in thousands of dollars in per diem charges. Costs that arise because of bad planning, unforeseen circumstances and bad communication play such a big role in the final cost of freight. Demurrage and Detention charges are a matter of the allowed free-days – if these days are exceeded, the container user…

What is Demurrage and Detention?

What is Demurrage and Detention?

Freight forwarders, importers, exporters and many other parties within the space often hear the terms ‘demurrage and detention’. At Trade Finance Global, we often come across confusion between the two terms, and a not too much understanding about the key differences between demurrage and detention. Demurrage and detention are incredibly important terms that often lead…

Will International Freight Rates Continue to Rise in June 2024?

Will International Freight Rates Continue to Rise in June 2024?

The Red Sea Crisis Constrains Global Shipping Supply The international shipping market is now facing a new geopolitical challenge – the Red Sea crisis. The Red Sea region is a critical global shipping corridor, and the ongoing crisis in this area is directly impacting the safety of maritime operations. Major shipping lines are frantically rerouting…

What is DDP?

What is DDP?

Delivery Duty Paid (DDP) Delivery duty paid (DDP) is a delivery agreement where the seller (exporter) is responsible for the shipment and for all potential risks and costs, until the shipment reaches its final destination. The potential costs ”include all transportation costs, any loss due to damage during transit, and the payment of customs duties, import taxes,…

What is CIF cost?

What is CIF cost?

CIF Incoterm definition – CIF Shipping for sea freight The CIF shipping term means that the seller is obligated to cover the cost, insurance and freight transport of goods to the named port of destination. The seller is responsible for clearing the goods for export, providing any type of documents or export licenses required for…

What is EXW(ex-work)?

What is EXW(ex-work)?

The Incoterm that places the most responsibility on the buyer, EXW, or Ex Works, indicates an international trade contract in which the seller has the goods ready for pickup from an agreed on location and (often the seller’s factory) buyer is responsible for all operations including pickup, export responsibilities, and all transportation. According to EXW…