Key Differences Between FOB and EXW in International Trade
FOB (Free On Board) and EXW (Ex Works) are common trade terms in international commerce. Below are their definitions and differences: 1. Definitions FOB (Free On Board): Also known as “Free On Board Price,” FOB indicates that the seller fulfills their delivery obligations once the goods are loaded onto the ship at the designated port […]
Understanding CY Terms in Shipping: CY/HOOK, CY-CFS, and CY-CY Explained
1. What is CY? CY (Container Yard) refers to the container yard in foreign trade terminology. In some places, it is also called a terminal station. For ocean freight container exports, the function of the container yard is to gather all the containers from export customers at a designated place (regardless of whether customs clearance […]
The Key Players in Shipping: Roles and Relationships Explained
Shipowners, Shipping Companies, and Ship Agents play important roles in the shipping industry, with both connections and distinctions between them. Connections: Business Relationship: The shipowner is the owner of the vessel, the shipping company is responsible for the vessel’s operation and management, the ship agent acts as the representative of the shipowner or shipping company, […]
Maersk Announces Cancellation of This Fee!
Cancellation of PSS on Far East-South America West Coast Route Recently, shipping giant Maersk released two announcements regarding peak season surcharge (PSS) for South America routes. One announcement states that, starting from January 13, Maersk will terminate the collection of PSS on the Far East to Central America and Caribbean/South America West Coast routes. The […]
An Overview of Shipping Container Materials and Classifications
I. Main Materials of Shipping Containers Steel Plates Steel plates are the primary material for the container body, with common specifications such as 6mm, 8mm, 10mm, 12mm, etc. The quality of the steel plate directly affects the container’s lifespan and safety, so it is important to select high-quality, high-strength steel plates and ensure proper […]
New US Customs Rule Imposes Stricter Scrutiny on Shipments Over $800
The U.S. Customs and Border Protection (CBP) has announced a new regulation that will significantly impact shipments exceeding $800 in value. Starting from January 11, 2025, goods purchased by the same recipient through different channels and delivered to the U.S. on the same day will face more stringent scrutiny if their combined value exceeds $800. […]
Trump’s Controversial Remarks on Military Action and Canada’s Annexation Amid U.S. Winter Storm Chaos
On January 7, during a press conference, former U.S. President Donald Trump stated that he would not rule out the possibility of using military force to seize control of the Panama Canal and Greenland, emphasizing that control over these areas is crucial to U.S. national security. Additionally, when asked whether he would attempt to annex […]
Port of Brisbane to Experience Ongoing Stoppages in January 2025 Due to Industrial Action
The Maritime Union of Australia (MUA) has announced further industrial action at the Port of Brisbane in a bid to improve wages and working conditions. The latest stoppages are scheduled to begin on January 8, 2025, and will involve members of the Construction, Forestry, Maritime, Mining and Energy Union (CFMMEU) under the Qube Ports Pty […]
Common Knowledge About Refrigerated Containers
Refrigerated Containers (Reefer Containers) Refrigerated containers, also known as reefers, are airtight containers used to transport goods that require a controlled temperature, such as fresh fish, meat, frozen foods, fruits, vegetables, film, and pharmaceuticals. There are three main types: refrigerated containers, reefer containers, and insulated containers. Features of Refrigerated Containers: Material and Structure: These containers […]
Can Cargo Owners Directly Book Shipping Space with Shipping Companies?
The answer is yes. If you have a large volume of cargo that requires import or export via sea transport, and you have regular shipments every month, it is possible to negotiate directly with shipping companies for booking space. However, in practice, you may find that shipping companies primarily focus on providing space and may […]
