How to Calculate Landed Cost for Imported Goods: A Complete Guide
Understanding the landed cost for imported goods is crucial for businesses engaged in international trade. This comprehensive calculation includes all expenses associated with getting products from the supplier to the final destination. Beyond the purchase price, it encompasses shipping fees, customs duties, taxes, insurance, and other logistical costs. Accurately determining the landed cost ensures businesses […]
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Benefits Of Exports From India | Export Incentives
India, with its diverse economy and strategic location, offers a plethora of benefits for exporters. From cost-effective manufacturing and a skilled workforce to a vast array of natural resources, the country is a hub of opportunities. Exporting from India not only boosts economic growth but also enhances global trade relations, making it a lucrative venture […]
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Understanding Free Trade Agreement | FTA
A Free Trade Agreement (FTA) represents a pivotal accord between two or more nations, aimed at reducing or eliminating barriers to trade, such as tariffs and import quotas. By fostering economic cooperation, FTAs enhance market access, stimulate economic growth, and promote competitive advantages, thereby contributing to the global economic landscape’s dynamism and interconnectedness. What Are […]
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Logistics Companies: Understanding Transportation
If you run an export business or import goods from other countries, or you are running a direct-to-consumer brand in your country, you must have faced the most common issues in shipping and managing logistics for the goods you buy or sell. Let’s understand what is logistics and what logistics companies manage these shipments for […]
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Why Do You Need a Sourcing Partner in India? Sourcing Agents
When you start a new business, you have to wear multiple hats at the same time. You do the marketing, you do the accounting, you do the documentation, and so on. In this case, starting small requires external help. Sourcing agents around the world help you automate the entire process to solve your sourcing requests. […]
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What is Transshipment? | Transshipment Explained
What is Transshipment? Transshipment, also referred to as trans-shipment or transshipment, refers to the transfer of cargo from one vessel to another during its journey to the final destination. This process takes place at a transshipment port or a transshipment hub where shipping containers are unloaded from the arriving vessel and then reloaded onto another. […]
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Export Agents: Their Role in International Trade Explained!
Export agents play a pivotal role in global trade, acting as intermediaries between domestic manufacturers and foreign buyers. They streamline cross-border trade, ensuring efficient market entry and compliance with local regulations. It’s essential to grow your exports to get payments in foreign currency and get government benefits. Discover how export agents can enhance global business […]
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How to Start a Manufacturing Business in 13 Easy Steps
Starting a manufacturing business can be an exciting and rewarding endeavor, but it often seems daunting due to the various complexities involved. Fortunately, with the right approach, anyone can successfully navigate the initial stages and set up a thriving manufacturing operation. Our guide simplifies this process into 13 easy steps, providing you with a clear […]
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What is Devanning? Why Container Needs Devanning in Logistics?
Devanning Explained Devanning or unstuffing is the process of unloading or removing cargo from a sealed container, commonly within a warehouse or logistics environment. When a shipping container arrives at a destination container freight station/warehouse, it undergoes the devanning process. This is one of the most demanding aspects of logistics management and supply chain management. […]
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Free on Board (FOB) Explained: FOB Shipping Point
What is Free on Board (FOB)? Free on Board (FOB) is a shipping term used primarily in international trade to indicate the point at which the responsibility for the goods is transferred from the seller to the buyer. Under the FOB shipping point (or FOB origin) designation, the seller pays for the shipment only up […]
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