Delivery of the goods is “not unloaded” by the seller at the destination place, typically at either the CY (container yard) or the buyer’s premises.
In the vast majority of shipments the container is provided by the carrier, usually the container shipping line itself even if a forwarder acts as the carrier, here disregarding the tiny minority of shipper-owned or buyer-owned containers.
What are the “goods” in the Incoterms 2020 rules? Rules A1, A8 and A2 explained, by Shipping Expert, Bob Ronai, with respect to the FCA and DPU Incoterms Rules
Delivery of the goods is “not unloaded” by the seller at the destination place. There is therefore a problem with DAP Rail Terminal.
Let’s look at the concept of “delivery” in EXW Incoterms 2020. The buyer must carry out export formalities, which can be problematic, but are there other potential problems that the rule does not explain?
A new alliance aimed at standardising electronic bills of lading has been formed by several leading institutions in trade, banking, shipping, and freight forwarding. Effective as of today, the Digital… read more →
It is important to understand that for the FCA rule “delivery” does not equal “shipment.” Bob Ronai discusses FCA Incoterms Rules
Why do the Incoterms 2020 rules not deal with VGM (Verified Gross Mass of Containers?) There are several reasons…
As the clocks struck midnight, we looked back at over 700 articles, handpicking our favourite stories that made the headlines in 2021
A new study has found that lowering domestic red tape in services trade could save an annual $150 billion globally. The study, published on Friday by the Organisation for Economic… read more →
For the Maritime and Port Authority of Singapore (MPA), the establishment of the Global Centre for Maritime Decarbonisation in August this year was yet another milestone in enhancing Singapore’s status as an international shipping hub.
On the eve of COP26 – the biggest climate summit of the year – the world is more focused than ever on reducing carbon emissions, and on the role that individual companies can play in tackling climate change.
South Africa’s Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave. Under the terms of the deal, Standard Bank customers in eight African countries will be… read more →
UK budget: Sunak promises action on HGV crisis, shipping and tonnage tax, warns of further inflation
British Chancellor Rishi Sunak today presented his Autumn Budget of 2021 to the UK House of Commons.
French international bank BNP Paribas has executed a green repurchase agreement (repo) transaction with state-owned utility company Électricité de France (EDF). The two companies have worked jointly to structure and… read more →