Sorry, but you are looking for something that isn’t here.

It looks like nothing was found at this location. Maybe try a search?

Latest Info

This is the easiest explanation of FOB condition!

Contents1 What’s FOB?2 Aspects of FOB condition3 Where is the point that cost and risk move from Exporter to Importer in FOB4 Problems in using FOB condition for container transportation5 FOB from the perspective of exporters6 FOB from the perspective of the importer7 Summary What’s FOB? ・ Terms and conditions of transfer of responsibility on the deck of the ship FOB is one of the International Commercial Terms which is called Incoterms as abbreviation. FOB refers to the terms and conditions under which the responsibility for costs and risks transfers on the deck of a ship staying at the port of export. FOB stands for Free On Board, and in […]

What is CIF? Here is the easiest explanation of CIF and CFR!

Contents1 What’s CIF?2 Characteristics of CIF3 Where is the point that cost and risk move from Exporter to Importer in CIF4 CFR5 Summary What’s CIF? CIF stands for Cost, Insurance, and Freight. And it usually followed by the name of the destination port / import port specified after. It refers to the conditions under which freight and insurance are prepaid by the exporter. In CIF terms, exporter pay the ocean freight and insurance to the destination port. The insurance required by CIF for sellers (exporters) are defined as the ICC’s tax payment amount (C), which is the minimum coverage. If the buyer (importer) is seeking a wider coverage of insurance […]

What is DDP and DDU? Here is the easiest explanation of DDP, DDU, and also DAP!

Contents1 Video Animation about Incoterm Group-D2 What is DDP ?3 Characteristic of DDP4 Where is the point that cost and risk move from Exporter to Importer in DDP?5 What’s DDU?6 The amended point related to DDU in Incoterms 20107 What’s DAP?8 Summary Video Animation about Incoterm Group-D What is DDP ? ・In DDP, Exporter pay freight and insurance DDP are Initials of “Delivered Duty Paid”. It is one of Incoterms for trading. DDP refer to the term that Exporters pay freight and insurance. It included to Group D in Incoterms. Characteristic of DDP ・DDP requires Exporters maximum work and risk. For Importer, it requires minimum work and risk. DDP is […]

The easiest explanation of Incoterm EXW(EX Works)! The detail of the deal condition and cargo risk responsibility.

Contents1 Video Animation About EXW2 Aspects of EXW?3 What is EXW?4 Delivery location of cargo that stated in EXW5 Bifurcation point of cost burden and risk burden in EXW6 What is the condition of EXW? From the exporter’s point of view7 EXW’s advantages and disadvantages for exporters7.1 Exporter’s advantage7.1.1 Advantages of exporters using EXW7.2 Exporter’s disadvantage7.2.1 Disadvantages when exporters use EXW8 What is the condition of EXW? From the importer’s point of view9 EXW’s advantages and disadvantages for importers9.1 Importer side benefits9.1.1 Advantages of Importers Using EXW9.2 Importer’s disadvantage9.2.1 Disadvantages of importers using EXW10 Summery Video Animation About EXW Aspects of EXW? EXW (EX Works) is one of the abbreviations […]

Customs/Bonded Area and Bonded Transportation! Explained the different type of Bonded Area in Japan.

In logistics, knowledge of customs and customs duties is very important. With import and export, customs duties are imposed according to the regulations of each country, but in fact, the goods are not taxed immediately upon arrival. Did you know that there is a place where there is no tax for a certain period of time? They are called customs area or free trade zones. Let’s take a look at customs area and bonded transport, in order to carry the cargo smoothly and to facilitate trading. Contents1 What is “bonded”?2 Japan’s customs area2.1 Designated bonded area2.2 Customs warehouse2.3 Customs manufacturing warehouse2.4 Customs Display Area2.5 Comprehensive customs area3 Bonded transportation4 Overseas […]

To the top