Which Incoterm is Best Suited for Your Business: CIF or FOB?
Incoterms are globally recognised codes that help shippers understand when ownership is transferred from the buyer to the seller. These are important because they help answer the question of who is liable for any risk or costs during the journey. CIF (Cost, Insurance, and Freight) and FOB (Free on Board) are two popular incoterms that you may want to use for your shipments. By making the correct choice between these incoterms, you can substantially affect the success of your supply chain. In this article, we'll cover what CIF and FOB mean, the advantages of each, and how you can decide which is best for your business.
Is FCL or LCL Shipments Better for Your Imports From China?
Every day, thousands of cargo containers leave Chinese docks to deliver imported materials and products to customers. However, if you’re looking to import sea freight from China, you’ll first have to choose whether you want your cargo shipped as Full Container Load (FCL) or Less than Container Load (LCL). This decision affects how your imports are loaded into the container and can impact price, delivery time, and risk. However, The correct choice for your business will depend on what you’re importing and your priorities. This article will guide you through the differences between FCL and LCL imports from China. Then, we’ll demonstrate the advantages of each option and help you figure out which option best suits your needs.
Air Freight vs Ocean Freight: Four Considerations For Your Business
One of the earliest decisions you'll have to make during the shipping process is between air and ocean freight. This decision determines how your cargo is delivered. In air freight, your shipment is carried out by a cargo plane, while in ocean freight, it is provided by a cargo ship. This decision can have substantial effects on your supply chain. Generally, the choice for what service you should choose depends on your priorities as a business. In this article, we'll discuss the advantages and disadvantages of each option to help you decide whether air or ocean freight is right for your business.