The INCOTERMS published by the International Chamber of Commerce (ICC) have long served the international community by offering a “shorthand” for communicating key shipping terms. INCOTERMS are so ubiquitous in international...more
11/20/2018
/ Buyers ,
China ,
Contract Interpretation ,
Contract Negotiations ,
Contract Terms ,
Cross-Border Transactions ,
Duties ,
Imports ,
International Freight ,
Manufacturers ,
Purchase Agreement ,
Section 301 ,
Sellers ,
Shipping ,
Supply Chain ,
Supply Contracts ,
Tariffs ,
Trade Relations ,
US Trade Policies
Letters of Credit (LOCs) have long been used to minimize the financial risk of international purchase agreements. Sellers and buyers may agree to use LOCs to ensure that goods are received and payment is remitted as intended....more
11/20/2018
/ Banking Sector ,
Buyers ,
Common Carriers ,
Exports ,
Imports ,
International Freight ,
Letter of Credit ,
Sellers ,
Shipping ,
Supply Chain ,
Terms and Conditions ,
Transportation Industry
“It Was A Very Good Year” (For Freight Brokers) -
Frank Sinatra certainly was not thinking about freight brokers when singing this Grammy-winning song back in 1966. However, the title of the song definitely resonates for...more
11/19/2018
/ Brokers ,
Buyers ,
Commerce Clause ,
Contract Claims ,
Imports ,
International Freight ,
International Treaties ,
Letter of Credit ,
Preemption ,
Public Procurement Policies ,
Sellers ,
Shipping ,
Shipping Cargo ,
Supply Chain ,
Tariffs ,
Transportation Industry ,
Wrongful Death
Enterprise shippers are often attracted to the opportunities presented by outsourcing certain operational functions. Credible third-party logistics (3PL) providers are available to run warehousing, distribution, fulfillment...more
Global supply chains present unique opportunities for large shippers and their lenders to negotiate credit agreements. Lending against in-transit freight, in particular, allows a shipper to expand its asset base to include...more
Many outside of over-the-road motor carriers are taking notice of the looming Electronic Logging Device Mandate (ELD Mandate). We are seeing raised hands with many questions and some confusion at this very moment from a wide...more
The receipt, storage, and handling of sensitive shipper data occurs, often frequently and in real-time, alongside the flow of goods. Commercial shippers are well aware of the supply chain security risk to the materials and...more
Every day, supply chain managers and logistics coordinators navigate a world of risk. Those risks include interruption due to delay, the damage, contamination, or loss of goods, customer service failures, and even regulatory...more
9/18/2017
/ C-TPAT ,
Customs ,
Due Diligence ,
Freight Forwarding ,
Hanjin Shipping ,
NAFTA ,
Outsourcing ,
Procurement Guidelines ,
Risk Assessment ,
Risk Mitigation ,
Shipping ,
Supply Chain ,
Transportation Industry
The removal of CSA scores from public view may not eliminate the ability for an injured party to sue based on the negligent selection of a motor carrier, but it changes the analysis. The FMCSA still allows public access to...more
Many, if not most, agreements between sellers of goods and logistics service providers (LSPs) contain a list of metrics that are used to evaluate various aspects of supply chain or provider performance. In theory, these...more