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Differences Between Dangerous Goods and Hazardous Materials in Global Trade
Last updated on July 24, 2024 by Ben ThompsonImproper handling of Dangerous Goods and Hazardous Materials leads to safety risks in global trade every year. This article clarifies their differences, definitions, and key distinctions. Learn how to identify and handle each safely. Understanding these terms ensures smooth and compliant trade operations. Discover major disasters caused by mishandling these materials at the end.
Create and Download a CMR Consignment Note for International Road Transport
Last updated on July 22, 2024 by Ben ThompsonA CMR note is an International Consignment note that is the standard contract of carriage of goods document that is used when transporting goods Internationally via road. The CMR note can also be known as a CMR Waybill or International Consignment Note (ICN).
Land Transportation Explained
Last updated on July 20, 2024 by Ben ThompsonLand transportation involves moving goods via road, rail, and pipelines. This mode is essential for logistics, connecting suppliers to consumers and ensuring efficient product movement. From ports and warehouses to stores and end-users, land transport keeps supply chains flowing. In this blog, we explore the various modes, their benefits, challenges, and recent innovations in the…
Best Practices for Container Loading: Tips to Securely Load a Shipping Container
Last updated on July 17, 2024 by Ben ThompsonContainer loading involves packing goods into shipping containers to keep them secure during transit. Proper loading prevents shifting and damage, reducing costs and delays. Containers can carry many types of cargo, from electronics to machinery. Effective loading maximizes space, minimizes damage, and ensures smooth, efficient transportation.
How to get a Certificate of Origin from a Chamber of Commerce
Last updated on July 15, 2024 by Ben ThompsonFirst of all, a certificate of origin document is an important document used in global trade to confirm the country of origin of where the goods have actually been manufactured or processed. So, the document will be used when the country of export and the country of import have a current Free Trade Agreement in…
Markup vs Profit Margin: Understanding the Difference in Global Trade (2024)
Last updated on June 28, 2024 by Ben ThompsonDiscover the crucial differences between markup and profit margin. Learn how to calculate each, understand their impacts on pricing, and apply effective strategies to ensure long-term profitability. Clear explanations and practical formulas will help you avoid pricing errors and communicate effectively with your sales team. Make informed decisions for your business success.
Quotations In Global Trade
Last updated on June 26, 2024 by Ben ThompsonComparing quotations from suppliers is essential in global trade to manage costs and ensure smooth operations. Quotations detail prices, delivery times, and payment methods. By carefully comparing these quotes, businesses can identify the best deals, control costs, and avoid potential issues. This process helps optimize landed costs and supports informed decision-making for long-term profitability.
An Overview of SWIFT International Telegraphic Transfers and other International payment methods
Last updated on June 25, 2024 by Ben ThompsonIf you’re involved in Global Trade you would be aware that importers and exporters agree to sell goods on agreed payment terms that usually involve a SWIFT Telegraphic Transfer, or T/T payment. Before products can be exported around the world the buyer and seller will agree on the terms of trade (including Incoterms®) then include…
How To Save Money On International Shipping
Last updated on June 19, 2024 by Ben ThompsonInternational shipping affects the landed cost of a product, including transportation fees, customs duties, and taxes. Strategic shipping decisions can help manage and reduce these costs. This guide offers practical tips to save on international shipping, like negotiating lower rates, optimizing packaging, and choosing cost-effective carriers and methods.
What Is Ocean Freight: A Complete Guide
Last updated on June 17, 2024 by Ben ThompsonOcean freight is a method of shipping goods internationally by sea, utilizing specialized ships. It's cost-effective for large or heavy shipments. The process includes packing, loading onto cargo ships, ocean transit, unloading at the destination port, and customs clearance. Different services like FCL, LCL, and Ro-Ro cater to various needs. Ocean freight is ideal for…
Differences Between Dangerous Goods and Hazardous Materials in Global Trade
Last updated on July 24, 2024 by Ben ThompsonImproper handling of Dangerous Goods and Hazardous Materials leads to safety risks in global trade every year. This article clarifies their differences, definitions, and key distinctions. Learn how to identify and handle each safely. Understanding these terms ensures smooth and compliant trade operations. Discover major disasters caused by mishandling these materials at the end. Read More »
Create and Download a CMR Consignment Note for International Road Transport
Last updated on July 22, 2024 by Ben ThompsonA CMR note is an International Consignment note that is the standard contract of carriage of goods document that is used when transporting goods Internationally via road. The CMR note can also be known as a CMR Waybill or International Consignment Note (ICN). Read More »
Land Transportation Explained
Last updated on July 20, 2024 by Ben ThompsonLand transportation involves moving goods via road, rail, and pipelines. This mode is essential for logistics, connecting suppliers to consumers and ensuring efficient product movement. From ports and warehouses to stores and end-users, land transport keeps supply chains flowing. In this blog, we explore the various modes, their benefits, challenges, and recent innovations in the field. Read More »
Best Practices for Container Loading: Tips to Securely Load a Shipping Container
Last updated on July 17, 2024 by Ben ThompsonContainer loading involves packing goods into shipping containers to keep them secure during transit. Proper loading prevents shifting and damage, reducing costs and delays. Containers can carry many types of cargo, from electronics to machinery. Effective loading maximizes space, minimizes damage, and ensures smooth, efficient transportation. Read More »
How to get a Certificate of Origin from a Chamber of Commerce
Last updated on July 15, 2024 by Ben ThompsonFirst of all, a certificate of origin document is an important document used in global trade to confirm the country of origin of where the goods have actually been manufactured or processed. So, the document will be used when the country of export and the country of import have a current Free Trade Agreement in place (see bottom of article). Read More »
Markup vs Profit Margin: Understanding the Difference in Global Trade (2024)
Last updated on June 28, 2024 by Ben ThompsonDiscover the crucial differences between markup and profit margin. Learn how to calculate each, understand their impacts on pricing, and apply effective strategies to ensure long-term profitability. Clear explanations and practical formulas will help you avoid pricing errors and communicate effectively with your sales team. Make informed decisions for your business success. Read More »
Quotations In Global Trade
Last updated on June 26, 2024 by Ben ThompsonComparing quotations from suppliers is essential in global trade to manage costs and ensure smooth operations. Quotations detail prices, delivery times, and payment methods. By carefully comparing these quotes, businesses can identify the best deals, control costs, and avoid potential issues. This process helps optimize landed costs and supports informed decision-making for long-term profitability. Read More »
An Overview of SWIFT International Telegraphic Transfers and other International payment methods
Last updated on June 25, 2024 by Ben ThompsonIf you’re involved in Global Trade you would be aware that importers and exporters agree to sell goods on agreed payment terms that usually involve a SWIFT Telegraphic Transfer, or T/T payment. Before products can be exported around the world the buyer and seller will agree on the terms of trade (including Incoterms®) then include all details in Purchase Orders, Proforma Invoices and Sales Contracts that are countersigned by both parties. Read More »
How To Save Money On International Shipping
Last updated on June 19, 2024 by Ben ThompsonInternational shipping affects the landed cost of a product, including transportation fees, customs duties, and taxes. Strategic shipping decisions can help manage and reduce these costs. This guide offers practical tips to save on international shipping, like negotiating lower rates, optimizing packaging, and choosing cost-effective carriers and methods. Read More »
What Is Ocean Freight: A Complete Guide
Last updated on June 17, 2024 by Ben ThompsonOcean freight is a method of shipping goods internationally by sea, utilizing specialized ships. It's cost-effective for large or heavy shipments. The process includes packing, loading onto cargo ships, ocean transit, unloading at the destination port, and customs clearance. Different services like FCL, LCL, and Ro-Ro cater to various needs. Ocean freight is ideal for budget-conscious shipments and those that aren't time-sensitive. Read More »