Ningbo-Zhoushan Port: China’s Second-Largest Port
Ningbo-Zhoushan Port is a mega port in China that ranks second in the country and third in the world in terms of cargo tonnage and container throughput.
Incoterms are a set of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that define the responsibilities and liabilities of exporters and importers in the arrangement of shipments and the transfer of ownership and risk involved at various stages of the transportation process.
Incoterms are not laws or contracts, but rather guidelines that parties can agree to use in their sales contracts to avoid misunderstandings and disputes. They also provide a common language for traders across different countries and regions.
Incoterms are important for several reasons:
The Incoterms 2020 rules are the latest version of the Incoterms rules, which were updated by the ICC in 2019 and came into effect on January 1, 2020. They replace the previous version, which was published in 2010.
The Incoterms 2020 rules consist of 11 rules, divided into two categories:
Rules for any mode of transport: These rules can be used for shipments that involve any mode or combination of modes of transport, such as road, rail, air, sea, or inland waterway. They are:
Rules for sea and inland waterway transport: These rules can be used for shipments that involve only sea or inland waterway transport, such as barge, ship, or ferry. They are:
Choosing the right Incoterm for your shipment depends on several factors, such as:
As a general rule, you should choose an Incoterm that:
For example, if you are shipping non-containerized cargo by sea only, you may consider using FOB or CIF terms. If you are shipping containerized cargo by multimodal transport, you may consider using FCA or CIP terms.
To use Incoterms correctly, you should follow these steps:
Incoterms are essential tools for international trade that help to define the responsibilities and liabilities of exporters and importers in the arrangement of shipments and the transfer of ownership and risk involved at various stages of the transportation process. By choosing and using the right Incoterm for your shipment, you can avoid misunderstandings and disputes, reduce costs and risks, and increase efficiency and convenience.
Ningbo-Zhoushan Port is a mega port in China that ranks second in the country and third in the world in terms of cargo tonnage and container throughput.
Singapore is a small island nation in Southeast Asia, but it has a big role in the global logistics industry.
Shanghai is a global metropolis and a major economic hub in China. It is also home to the world’s busiest and most connected port, which handles more than 47 million TEUs (twenty-foot equivalent units) of cargo every year. The port of Shanghai is a vital link in the global supply chain, facilitating trade and commerce between China and the rest of the world.
If you’re a logistics specialist, you know how important it is to have a good understanding of the world’s biggest ports.
Track distance, also known as track gauge, is the distance between the inner sides of the two parallel rails that make up a railway track.
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Silver Runner LLC
1097 Budapest, Hungary, Gubacsi út 30/A A. ép. 1. em. 114.
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HUOCCSZ.08-09-033887
08-09-033887