TRONSLOG

                                                            LCL Shipment Less-than-container load (LCL) is a shipment that is not large enough to fill a standard cargo container. It is grouped with other consignments for the same destination in a container at a container freight station. One container may have cargo with 2 or more shipper and cnees. For shipments less than 10 cbm or so it is generally advisable to go with LCL unless the cargo is sensitive or expensive or haz which need special care. Although it is economic way of shipping but there are few challenges. Longer transits. It will wait for likewise (same destination) cargo to arrive before being stuffed into container. Clearance delays: If there are any cargo clearance delays at the border for the sister cargo then your cargo will also get delayed as the entire ...

    INCOTERM WHAT ARE THEY Incoterms and intercoms may look as seemingly similar terms. There are chances that you may have misread the former one and now you are reading the first sentence again. Well these words may have been made up using the same set of letters but are hugely different from each other. You may now very well be wondering that what exactly are Incoterms? Basically Incoterms is an acronym for International Commmercial terms. They are a set of protocols that are used in contracts pertaining to the import and export of goods. These commercial terms are published and reviewed by the International Chamber of Commerce under International Commercial Law. It simply defines the responsibilities of the supplier and the buyer to simplify the process of importing and exporting. You might also be surprised to know that Incoterms dates back its first use to the year of 1936, when its first edition was published by the International Chamber of Commerce. Since the...

                                      FTWZ - Free Trade Warehousing Zone Free trade warehousing zone (FTWZ) as per law, are Special Economic Zones (SEZ) in India. Govt. of India have allowed development of FTWZ in order to create Warehousing & related infrastructure to augment economic growth, create employment opportunities and to ensure growth in exports. FTWZs are Deemed Foreign Territories / Ports / Warehouse for Storage and Other value added activities under the Customs Law. FTWZ units are allowed to hold inventory on behalf of Foreign Suppliers/ Domestic Buyers . FTWZ law allows multiple transfer of ownership transactions without removal of the goods out of FTWZ, thus ensuring the trading chain to be as close as possible and as may be required, ensuring that there is no cascade of indirect taxes / compliances and avoids increase in transaction cost. The fiscal benefits al...