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Reverse Logistics
Retailers can save money by making smooth returns When products are returned to a merchant, the merchant can face the costly process of either re-purposing, reconditioning or recycling the goods. This problem is referred to as reverse logistics and can cut into retailers profits by up to 20% every year. The rise of e-commerce has … Continued
Incoterms
FAS – Free Alongside Ship FAS Terms require the seller to place the goods alongside the carrier vessel at the port of export.With it being their responsibility to perform export clearance. The buyer then takes responsibility for the goods from that point onwards. FOB – Free on Board FOB Terms indicate the seller and buyer … Continued
CIF Terms Explained
What are CIF terms? CIF stands for cost, insurance and freight. The terms specify the division of responsibility between the shipper/supplier and the consignee/buyer in the process of shipping the cargo from one destination to another. When a shipment is shipped on CIF terms the shippers/suppliers invoice(commercial invoice) includes the cost of the goods and … Continued
Duties and Taxes Explained
What are Duties and Taxes? When purchasing goods from outside of the EU, you must pay duties and taxies to UK Customs for your goods to be released into the country. Without these costs being paid your cargo can not be moved within the UK. UK Duty The amount of UK Duty that you are … Continued