International Code of Signals and its application in the maritime industry
Seafarers sailing on international waters often come across other ships coming from various locations. Belonging to various parts of the world, seafarers are bound to
Decoding foreign trade terms: CFR, CIF, and FOB
Foreign trade terms, also known as international trade terms or incoterms, are acronyms commonly used in the shipping industry to define the cost transfer, risk
Difference between Maritime, Shipping, Freight, Logistics and Supply Chain
The trade industry has different operational bodies, each sounding like they mean the same but having other functions. It is very easy for shippers or
FOB Shipping: Top Benefits for Global Businesses
FOB shipping is an acronym for free onboard shipping. It is a term in the trade business where buyers and sellers negotiate the ownership of
What is a cy-cy term in shipping?
CY-CY terms are used in international transportation of goods through ships. It stands for container yard to container yard. The goods meant for international transportation
How do Geopolitical Events affect Shipping Rates and the Container Industry?
The shipping industry often faces turmoil and challenges trying to maintain the seamless flow of global trade. Geopolitical events are a significant contributor to disrupting