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Incorrect cargo in container – who is responsible..??

Incorrect cargo in container – who is responsible..?? This is the gist of the question below from Bukky.. Container arrived,sealed Cleared customs in Houston, TX. Pick up the same for delivery by a trucking company to the buyer warehouse. Container unsealed, inside the container was bags full of cement/unknown stuffs instead of cooking oil. Who…

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Story of a CIF contract and a Letter of Indemnity

This is the Story of a CIF contract and a Letter of Indemnity..

Seller is delivering CIF to Chinese port. The contract has an LOI provision if the original bill of lading should be lost..

The buyer’s bank refuses to make payment without original BOL and will not accept LOI..

What happens next..??

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difference between intermodal and multimodal

Difference between Intermodal and Multimodal transport

Intermodal vs Multimodal – These two terms are often used loosely and interchangeably, but the question is what is the difference..

Here, we will discuss what they mean and what they represent in day to day shipping and freight environment..

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Under CIF terms – who is responsible to off-load cargo from the ship – seller or buyer..??

Trudi asked below question about CIF Terms and who is responsible to off-load cargo from the ship – seller or buyer..?? I have a CIF shipment to Dar es Salaam. The port cranes in Dar es Salaam can not handle the tonnage of the item we are sending. Who is responsible to hire and pay a…

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Who should pay for securing the cargo in the container in an EXW deal..??

In a shipment on EXW terms – Who should pay for securing the cargo in the container..?? This is a question posed by a reader as below.. Here is my question :  – cargo (wine in cartons, on pallets) will be exported from France to the USA – the term of sale is EXW –…

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Meet the Incoterms® 2010 rules experts

Everyone in the industry knows or have heard about or should know about Incoterms® which since being published first in 1936, has become the accepted and commonly used terms of trade in international trade accepted by governments, intergovernmental agencies including the United Nations, legal authorities and practitioners worldwide.. In order to discuss these terms further interactively, the…

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