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Expert Speak
Last-Mile Delivery: Challenges and Solutions
Delivery problems decrease your profitability, damage your brand's reputation, and raise customer attrition. You require a strong last-mile delivery strategy that enables you to make deliveries on schedule.
06 December 2022
Industry Basics
Letter of Credit: Concept and Steps Involved
Letter of Credit (LC) is one of the most popular ways by which an importer can pay the exporter. A LC is advisable in all the cases where the exporter and importer are not known to each other, while some entities insist for it as part of their standard operating procedure (SOP).
Duty Drawback: Procedure and Exceptions
Duty drawback can help exporters claim refund on eligible items within a prescribed time. Availing the benefits of such schemes can help in reducing working capital costs and improve competitiveness in the international markets.
Trade News
Indian Economy Outlook – October 2022
Economies all over the world have adapted to external developments. It is difficult to predict the future as capitalism remains the longest running experiment in recent memory.
Free Trade Agreements – Importance and Advantages
Exporters favour FTAs to multiparty trade agreements because they get preferential treatment over non-FTA member country competitors.
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.
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.
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.
