What is Customs clearance?
Revenue Collection: Customs duties and taxes collected during the clearance process are a significant source of…
What is CIF (Cost, Insurance, and Freight)
Definition: CIF, or Cost, Insurance, and Freight, is a widely used international trade term that specifies…
What is Delivered Duty Paid (DDP)?
Transparency: DDP terms offer clarity and transparency to both parties involved in the transaction. The buyer…
What is Tariff?
Trade Regulation: Governments utilize this charge as a tool to control and oversee the movement of…
What is DAP (Delivered at Place)
Definition: DAP, or Delivered at Place, is an international trade term commonly used in shipping and…
What is ocean logistics?
Economic Efficiency: Shipping by sea is often the most cost-effective mode of transportation for bulk goods,…