Moving from West to East on the coastline, the following are the major ports of India.
Break bulk cargo is packaged cargo that is oversized or heavyweight, creating a more complex logistical challenge. Goods can't be containerized for overseas shipments, as they consist of multiple, differently sized items, loads or units for individual consignees. They also can't be loaded onto flat rack containers, due to their size or weight.
ECCN means Export Control Classification Number, which is an alphanumeric designation (i.e., 1A984 or 4A001) used in the Commerce Control List (CCL) to identify (for export control purposes) commercial or certain military items (i.e., commodities, technology and software) that have, or may have, military, terrorist or proliferation applications. The ECCN is based on the technical characteristics of the item and requires a detailed analysis of the item in order for it to be classified, and is not the same as a Schedule B number.
What is a Bill of Lading (BOL)? Bills of Lading are cited frequently in shipping and trade documents; especially when there are cross border transactions or the movement of goods overseas. A Bill of Lading is often abbreviated to BoL or B/L. It is a list of the cargo which a ship is carrying as a receipt; provided by the master of the ship to the person who is consigning the goods. BOLs are issued by a carrier of goods to acknowledge that they are in receipt of cargo for shipment.
A direct fulfillment is a supply chain strategy whereby the retailer transfers individual customer orders to the supplier to ship the goods directly to the end customer.
Do not know where the Amazon fulfillment centers are located in India? Check here to find out!
What is incoterms FAS? FAS means Free Alongside Ship, FAS Delivery term is the less using delivery term in F group of incoterms. FAS is only using in sea shipments, if the main transportation will be provided by vessel.
DDP stands for Delivered Duty Paid. DDP is a delivery agreement in which the seller assumes the responsibility for all the potential risks and costs associated with transporting goods until the buyer received the goods at the destination. The seller needs to pay for shipping costs, export and import duties, insurance, and other costs.
The DAT Incoterm or “Delivered at Terminal” replaces the now outdated DES Incoterm(Delivery at Ship) and DEQ Incoterm (Delivered at Quay) rules, which appeared in the previous Incoterms edition, Incoterms 2000.
Delivered At Place (DAP) is short for an agreed-upon location of delivery. It is a term used in international trade which entails that the seller is responsible for all costs and risks until delivery at the final destination. It is important to define that point of delivery as exactly as possible to avoid costly legal disputes.
The CIP Incoterm or “Carriage and Insurance Paid to” states that the seller is responsible for bringing the goods to the destination and the payment of the cost of international freight as well as insurance costs. Unlike other Incoterms, the transfer of risk is made when the goods have been loaded on board the means of transport.
What does the term CPT Incoterms mean? CPT delivery term in Incoterms 2010 is decrypted “Carriage Paid To” with an indication the destination place. The dealer will transfer the cargo released in the customs export mode to the carrier.
FCA (Free Carrier) is an incoterm) that requires the seller to clear the goods for export, and to either: deliver the goods to the buyer at the seller's premises, or deliver the goods to the buyer at another named place. When using the FCA incoterm, the point at which the seller is delivering the goods to the buyer must be named: e.g. “FCA, Name of Origin CFS .”
When using EXW Incoterm or Ex Works, the seller is obliged to prepare the goods for collection at his premises (office, warehouse, factory, etc.) to be collected by the buyer. In terms of costs and risks, this incoterm requires a minimal obligation for the seller and more responsibilities for the buyer.
Incoterms are a set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts.They were updated back in 2010, and in this article, we are going to explain how it works in 2019.