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International Trade

Freight (Cargo )

The freight article provides you with the knowledge on the terms you must know when dealing with the freight. First, we will see what...

International Trade Vs Domestic Trade and the Risk Factors Involved

What is Trading Trading is the buying and selling of goods and services. The concept of trading has a long history passing the bartering system...

What is a Free Port

A free port concept can define as an area that is free from the duty/taxes of the country under given conditions. Freeports are established...

International Commercial Terms-INCOTERMS

What are INCOTERMS? International commercial terms are the standard name for highly using abbreviation INCOTERMS. They are internationally identified and recognized cargo delivery terms to...

International Trade Documents

When engaging in international trade you may come across different documents. So, it is important to know these international trade documents, and their importance...

Importance of Letter of Credit-LC

The letter of credit considers the most secure payment method for both consignees and consignors in international trade. Importance of Letter of Credit-LC is...

Vendor Managed Inventory-VMI

What is Vendor Managed Inventory? Vendor Managed Inventory simply says VMI. VMI is an inventory management system or a business model widely uses to have...

Risks and Losses in Foreign Trade Insurance

We will study risk and losses separately under the Risks and Losses in Foreign Trade Insurance What are the Transit Risks Involved in Foreign Trade? Perils...

Outsourcing and Offshoring

What is Outsourcing mean? Most people think outsourcing and offshoring are the same. Please know they are not the same. In simple words outsourcing is...

Warehouse management

What is a Warehouse? Warehouse management is crucial in managing the logistics and supply chain of the business. A warehouse is a place where goods...

Inventory Management

What is Inventory? Inventory is a set of materials or final products keep aside for future use or until a demand arises. Inventory has few...

Hazardous Cargo|Dangerous Goods

What is Hazardous Cargo? Any substance, material, or article capable of being a risk to the vessel, personnel, or the environment is hazardous cargo, Dangerous...