Monday, April 7, 2014

SHIPPING AND LOGISTICS: INCOTERMS

In order to make the process of importing products easier, we want to give you a brief introduction to the logistics of shipping process, below, you will find a small guide to the most important subjects you need to know to import your goods smoothly and successfully, in that way you will speak the same language as logistics companies, shipping companies, agents, forwarders, tec.You will understand the acronyms, processes, among other things.

Also Bestly Tools will accompany you throughout the process from product selection, delivery and receipt at destination, we're here to guide you from start to finish.

One of the most important issues to consider are the terms of purchase and the responsibilities assumed by each of the parties to each order. These terms are also known as Incoterms, the last update was the same in 2010.

Regarding doing business with China  the most common term is FOB, if you make a purchase with "FOB Price", Free on Board, you should be aware that your responsibility starts from the moment the container is on the ship, your provider will handle the production and transportation to the port, thereafter the charge is your responsibility.

If the purchase is made ​​with "CIF", Cost Insurance and Freight, your responsibility as a buyer starts at port of destination, the supplier will be responsible for costs, shipping and insurance. To ensure the comfort of our customers, orders with Bestly Tools are handled as CIF, so you can focus on what you do best and we with our logistics team will deliver the goods to your country in the best conditions.


Shipping and Logistics-Incoterms


Resource from Bestly Tools

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