On January 1, 2020, IMO2020 came into effect under IMO’s MARPOL treaty limiting sulphur emissions from ocean fuel to 0.5%.
The new SWI landscape
The Single Window Initiative means several changes for importers:
Incoterms is the shorter version of International Commercial Terms. These specific terms are used throughout international commercial transactions. They are three-letter trade terms used to clearly communicate the risks, costs, and tasks associated with international transportation and the delivery of goods.
When you need a freight forwarder in the USA, you have plenty of options, but not all the options are the same. Finding the right partner for your needs may take some research. It's not as easy as just choosing any US freight forwarding company.
Choosing the right freight forwarder in Canada isn't always an easy task. Finding a company you're comfortable working with matters, as you want to ensure your Canadian freight forwarder will move your items quickly and safely.
Whether you need an international freight forwarder or a domestic freight forwarder, you will be hiring a company with a specialty in working with multiple shipping companies to move your goods from point A to point B. Sometimes, freight forwarders are referred to as the travel agents of international and domestic trade.
We’ve covered the importance of having cargo insurance, but this week, we go in-depth about the carrier’s legal liability and what type of insurance coverage will protect your goods from warehouse to warehouse, giving you the control you’ll need in the event of loss or damage.
Incoterms® (or international commercial terms) designed to assist traders when goods are sold and transported. Published by the International Chamber of Commerce, the terms clearly communicate the costs and risks associated with the transportation and delivery of goods.
This week, we dive deep into the background and context of IMO2020, putting the 0.5% sulphur emissions cap into greater context, and discussing the economic and environmental impacts of the mandate in greater detail as we move into the last quarter of 2019.
Rising fuel costs. Emission-reduction regulations. Peak season surcharges and capacity crunches. Across modes and all over the world, importers are working hard to balance competing priorities: keeping their supply chains moving quickly while protecting their profit margins.