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Incoterms: The Difference Between CPT and CIP

Incoterms: The Difference Between CPT and CIP

CPT and CIP Incoterms Explained Incoterms define the risks and responsibilities of both shipper and consignee in all shipments. CPT and CIP are two similar Incoterms, with one key difference. There are 11 common Incoterms (international commercial term) to use for your company and choosing which to implement is a strategic decision that can expose or shelter your company from risk and cost. A carrier is any person or company who undertakes the carriage of goods, such as a shipping line,...

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What to Know About Freight Insurance

What to Know About Freight Insurance

Why Freight Insurance is so Important Cargo claims are inevitable, which is why freight insurance is so important. Studies estimate that as much as 30% of losses during transit are unavoidable and relying on the Freight Carriers legal liability may not be adequate.  This is why insurance should be considered for all freight shipments. Carriers are not obligated to pay for losses that are beyond their control, which includes circumstances like an Act of God (weather), war, improper packaging,...

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Ninety Percent of Everything Book an Introduction into World of Freight Shipping

Ninety Percent of Everything Book an Introduction into World of Freight Shipping

Book Review of Ninety Percent of Everything If you're interested in learning more about the world of shipping, Rose George's book Ninety Percent of Everything is a great literary introduction into the world of freight shipping. George provides insight into the often overlooked world of freight shipping. We all live in a world where we need to buy products that are then shipped. If we don't produce the products here, they have to be transported somehow. Without shipping there would be no...

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Incoterms DDU to DAP Explained

Incoterms DDU to DAP Explained

Transition From DDU to DAP Incoterms Incoterms define the risks and responsibilities of both shipper and consignee in all shipments. Choosing which of the 11 common Incoterms to use for your company is a strategic decision that can expose or shelter your company from risk and cost. The transition from DDU to DAP Incoterms is important to understand. Defined simply, Incoterms are a set of internationally recognized rules established in 1936 that have been updated over the years. They specify...

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What to do if Your Shipment Falls into the Ocean

What to do if Your Shipment Falls into the Ocean

Call Customodal When Your Container Falls Into The Ocean The rise of global e-commerce reinforces the importance of third party logistics and the value of companies like Customodal. When a shipment falls into the ocean, a ship gets stuck in a Suez canal, or there is some other delay to a container's journey, it's helpful to have someone to help you through it. There have been an influx of recent news stories pertaining to maritime accidents and containers toppling from ships into the sea, as...

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The Myth of Digital Freight Broking

The Myth of Digital Freight Broking

Digital Freight Broking Myth Explained Innovation and technology are important to any industry and logistics is no exception. As a 3PL, we are familiar with the ins and outs of freight forwarding. Digital freight broking is a newer term in the industry, and though it is something that sounds innovative - it is actually more myth than reality. Let's back up: managing clients, carriers, drivers, and third-party logistics is no easy feat. Utilizing a third party logistics freight forwarder such...

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