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Incoterms® on Your Terms

Incoterms® – an abbreviation for International Commercial Terms – are the rules first issued by the International Chamber of Commerce in 1936 as a way of unifying the shipping practices and legal interpretations between those involved in global trade around the world. As international trade has grown over the decades, so have Incoterms® rules evolved to meet the needs of sellers and buyers.  What Are Incoterms®?   Incoterms® rules have…

Ocean Carrier Trends: Containing capacity while remaining poised for growth
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Ocean Carrier Trends: Containing capacity while remaining poised for growth

Coinciding with the upswing in the world economy two years ago, global seaborne trade is doing well, note analysts for the Geneva-based United Nations Conference on Trade and Development (UNCTAD). They also observe that containerized shipping expanded by 4% in 2018—the fastest growth in five years. “Global maritime commerce gathered momentum two years ago and raised…

Report: Amazon Ramps Up Ocean Shipping Services
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Report: Amazon Ramps Up Ocean Shipping Services

Dive Brief: Amazon is reportedly ramping up its ocean freight services “quietly and below the radar,” as it aims to gain more control of its supply chain, USA Today reported. Since the beginning of last year, Amazon organized the shipment of more than 5,300 containers from China to the U.S. Amazon did not respond to Supply…