logistics-and-incoterms-2020-guide
Step by step logistic process
Logistic is the process of planning and executing the efficient transportation and storage of good from the point of origin to the point of consumption. The goal of logistic is to meet customer requirements in a timely cost efficient manners .
How to do by sea export
Transport by sea allow you to ship large volume with laser cost then the other three modes . Shipping container School also be used when transporting goods by land . If the business need to transport largest quantities but there is no pressure to deliver quickly ship by sea maybe suitable .
How to do by air export
A cargo aircraft (also known as fried aircraft fighters airlift or cargo jets ) is a fixed wing aircraft that is designed or convert for the carriage of cargo rather than passenger .
Such aircraft usually do not in corporate passenger amnitis and generally features on more large doors for loading cargo .
How to do by road export
Road transport can be the most flexible auction for export business . It is usually quick and efficient . Road transport advantages : low cost extensive road network possibility to scheduler transport and tracking the location of goods safe and private delivery
What is logistic ? 🚚
Logistic is generally the digital organisation and implementation of a complex organisation . In a general business sense logistic is the management of the flow of things between the point of origin and the point of consumption to meet the requirement of customers or corporations . The resources manage in logistic may include tangible goods searches material equipment and supplies as well as food and other consumable items . The logistic of physical item usually involve the integration of the information flow material handling production packaging invented transportation warehouse and often security .
Inco terms 2020
Officially term published by the international chamber of commerce ICC . Diya re voluntary authoritative globally accepted and other two tax four determining the responsibilities of buyer and seller for the delivery of the goods under cells contract for international trade .
( Responsibility of buyer and seller during Export Import business )
Ex, work ,FCA,FAS,FOB,CFR,CIF, CPT,CIP,DPU,DAP,DDP .
1️⃣. EX WORK OR EX WAREHOUSE
Ex work is when the seller place the good at the disposal of the fire at the sellers furnaces or at another name place ( ie , WORKs , factory, warehouse,etc ).
The sailor does not need to load the good on any collecting vehicle . Nor does it need to clear them for export we are such clearance is applicable .......
2️⃣ FCA ( FREE CARRIER)
The sellers delivers the good to the carrier aur andar person nominated by the buyer at the sailors permission or another name place.
The parties are well advised to specify as explicitly as possible the point within the name place of delivery as the risk passes to the buyer at the point .
3️⃣. FREE ALONGSIDE SHIP 🚢
The salad deliver when the goods are placed alongside the vessels nominated by the bar at the name port of shipment the risk of the loss of or damage to the goods passage when the product are alongside the ship the by bears all cost from that moment onwards.
4️⃣. FOB - FREE ON BOARD
The seller delivered the good on board The vessel nominated by the buyer at the name port of shipment of procure the goods already so delivered the risk of loss of or damage to the goods passes when the product are on board the vessels. The buyers bears all cost from the moment onward .
5️⃣. CFR (COST AND FREIGHT)
The sailor delivers the good on bored the whistle or procures the good already so delivered .
The risk of loss of a damage to the goods passes when the product are on board the vessel.
The seller must contract for any pay the cost and fried necessary to bring the goods to the name port of destination .
6️⃣. CIF -(COST , INSURANCE AND FREIGHT
the seller delivered to good on board the whistle or procure the good already so delivered . The risk of loss of a damage to the goods passes when the product are on the ship .
The sailor must contract for any pay the costs and fried necessary to bring the goods to the name port of destination .
the sailor also contract for insurance cover against the wires risk of loss of or damage to the goods during the carriage
The buyer should not that under cif the salary is required to obtain insurance only on minimum cover . Shoot the buyer wish to have more insurance protection it will need either to agree as much expressly with the seller how to make it one extra insurance agreements.
7️⃣. CPT ( CARRIER AOD TO)
The good to the carrier or another person nominated by the seller at an agreed place ( if any such is agreed between parties) The seller must contract for and pay the cost of carriage necessary to bring the goods to the named place of destination .
8️⃣ CIP - ( CARRIAGE AND INSURANCE. PAID TO )
To seller has the same responsibilities as CPT but they also contract of insurance cover against the buyers risk of loss of or damage to the goods during the carriage The buyer should not the under CIP the seller is required to obtain insurance only on minimum cover. should the buyer to have more insurance protection it will need either to agree as such must expressly with the seller how to make it on extra insurance agreement ....
9️⃣.DAP ( DELIVERY AT PLACE)
The seller deliverd when the goods are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the name place of destination the seller bears old risk involved in bringing the goods to the named place.
🔟. DDP ( DELIVERED DUTY PAID)
The seller deliveres the goods when the goods are placed at the disposal of the buyer cleared for import on the arriving means of transport ready for unloading at the name place of destination .
The seller bears all the cost and risk involved in bringing the goods to the place of destination. They must clear the product not only for export but also for import , to pay any duty for both export and import end to carry out all custom formalities .
Types of shipping container
Did you know that around 90% of the world cargo is move by the ships ? It is not surprise that to accommodate such a waste amount of goods there are many different types of shipping contains in circulation each used for a different purpose .
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