by logisticsplus | Apr 19, 2021 | News
Simply put, Incoterms® are the selling terms that the buyer and seller of goods both agree to during international transactions. Legal authorities and governments accept these rules around the world. Deciding which of the 11 Incoterms® to select is fundamental for the seller to create the pro forma invoice, and it serves as the basis for the buyer’s purchase order. So what is the perfect arrangement for the seller to offer while accommodating the buyer’s purchase terms?
Ex Works (EXW) named place and Delivered Duty Paid (DDP) named place are the opposite extremes of seller versus buyer responsibility. Ideally, sellers favor EXW because it’s the closest thing to selling domestically. On the other hand, buyer’s typically welcome DDP because the seller assumes all the responsibility, risk, and costs associated with transporting the goods until the buyer receives them. So what is the Incoterm® of sale that allows the buyer and seller to meet in the middle? Free Carrier (FCA) seller’s shipping facility.
Download our Incoterm of Sale Guide
Logistics Plus ForwarderPlus services go beyond the freight forwarder’s traditional role. That includes collaboration with the seller and prospective buyer at the earliest transaction negotiation stages. The best way to illustrate this process is through an actual shipment example. This describes how the Logistics Plus Pro Forma invoice is created, and it takes the viewer through the steps involved from the purchase order issuance, cargo receiving, and main carriage shipping.
Logistics Plus enhanced international freight forwarding and customs brokerage services can provide you with the solutions you need. Do you have questions on how this can be used for your company? Sign up for a free online presentation using the button below. We’re here to help!
by logisticsplus | Mar 9, 2021 | News
Logistics Plus Customs Brokerage Manager Gretchen Blough was featured on yesterday’s airing of the Marketplace podcast hosted by Kai Ryssdal and Sean McHenry of National Public Radio (NPR). In this segment, Gretchen talks about the shipping differences in 2020 versus 2021, the backlog at the ports, a new trade policy, and more. Gretchen is a frequent guest on Marketplace due to her unique insights and imports, tariffs, trade agreements, and related trends.
You can listen to the full ‘The customs industry navigates port delays, tariffs and uncertainty‘ segment or read the full transcript below.
Marketplace® is a nonprofit news organization on a mission to raise the economic intelligence of the country. For more than 30 years, they have helped people become smarter about the economic forces that touch their daily lives through the unorthodox story, the casual conversation, and the unexpected angle on the news.
by logisticsplus | Feb 26, 2020 | News
Gretchen Blough, Licensed Customs Broker and Brokerage Manager for Logistics Plus, was featured on a recent airing of the Marketplace podcast hosted by Kai Ryssdal of National Public Radio (NPR). Gretchen makes regular appearances on Marketplace due to her unique insight into the ongoing U.S. trade wars and tariff changes. In this latest segment, Gretchen discusses the impact the coronavirus (COVID-19) has had on companies’ global supply chains.
You can listen to the full ‘A customs broker battles the effects of COVID-19‘ segment below.
Marketplace® is on a mission to raise the economic intelligence of the country. Its core programs — Marketplace®, Marketplace Morning Report®, Marketplace Tech® and Corner Office® — are broadcast on more than 800 public radio stations nationwide and heard by over 14 million listeners every week.
by logisticsplus | Feb 17, 2020 | News
Gretchen Blough, Licensed Customs Broker and Brokerage Manager for Logistics Plus, was featured in the January 2020 Special Edition of Inbound Logistics Magazine. The article, titled Small Ports Big Benefits, was written by Sandra Beckwith and provides the benefits of utilizing smaller, lesser-known ports for shipping. Interview comments from Gretchen are included in the 4th benefit section of the article (page 192-196), which discusses moving freight through customs quickly.
Read the entire magazine here: inboundlogistics.com/digital/issues/Digital_January2020.pdf
Read the article featuring Gretchen by clicking the image shown here.
by logisticsplus | Dec 5, 2019 | News
Gretchen Blough, Licensed Customs Broker and Brokerage Manager for Logistics Plus, was featured on a recent airing of the Marketplace podcast hosted by National Public Radio (NPR). Gretchen has made several appearances on Marketplace Podcast in the past year due to her unique insight into the ongoing U.S. trade wars and tariff changes. In the latest segment, Gretchen commented on the continuous tariff and trade war uncertainties consumers have.
You can listen to the full ‘Who gets to ring the bell at the New York Stock Exchange?‘ episode below. Gretchen appears briefly at the 1:47 mark of the episode.
Marketplace® is on a mission to raise the economic intelligence of the country. Its core programs — Marketplace®, Marketplace Morning Report®, Marketplace Tech® and Corner Office® — are broadcast on more than 800 public radio stations nationwide and heard by over 14 million listeners every week.
