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Expert Speak

DESH Bill to Infuse Life in SEZs

As per a statement by India’s Revenue Secretary, 50% SEZ units are lying vacant and a large proportion of the units in SEZs have expressed interest to serve the domestic market.

Industry Basics

On-time In-full: An Essential Supply Chain Metric

Strong OTIF strategies lay the foundation for better cooperation among all the supply chain participants. If everyone is on the same page with the rules and regulations for delivery of shipments, they can work together in an efficient system.

Guides

Incoterms®: Ex Works - Cogoport

Established importers set up offices in their export country for ease of handling their shipments. The buyer may opt for Ex Works if they are shipping via air express couriers. In most cases, express couriers collect goods from seller’s location.

Guides

Incoterms®: Free Carrier (Place) - Cogoport

FCA can be a useful Incoterm® for purchasers who frequently acquire containerized goods and who have a reputable third-party logistics provider or freight forwarder they can trust.

Guides

Incoterms®: Free Alongside Ship (Port)

FAS has its roots in the era of sail-powered shipping. Nowadays, FAS is solely utilised for inland canal shipments and sea freight.

Guides

Incoterms® FOB: Free on Board Simplified

FOB Incoterm® is also the most economical choice because it provides the buyer the freedom to compare shipping costs.

Guides

Incoterms®: Cost and Freight (Port) - Cogoport

The best applications for CFR Incoterm® are in inland waterway and ocean freight. It is generally utilised for bulk cargo and non-containerized commodities.

Guides

Incoterms®: Cost, Insurance and Freight (Port)

Only sea and waterway shipments should use CIF Incoterm®. The seller transfers the shipment and all risks to the buyer as soon as the cargo is loaded aboard the ship.

Guides

Incoterms®: Carriage Paid To (Place)

CPT is similar to an FCA agreement in that it can be applied to all modes of transportation, but unlike an FCA agreement, the delivery destination is not predetermined.