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Incoterms are regulations put in place by the International Chamber of Commerce to establish guidelines for the delivery of goods between seller and buyer. There are two main groups of these regulations. Those in Group I set the rules for all modes of the transportation of goods, and those in Group II refer only to modes of transportation at sea and in Inland Waterways. DDP (Delivered Duty Paid) Incoterms belong in Group I since they
The position of a freight broker is a person who coordinates the transportation of goods and is actually the middleman between the trucker and the company in need of shipping their products. A freight broker agent is employed by the freight broker and usually is an independent agent who is paid by commission allotting some percentage to the broker. The job of a freight broker is an essential one because they ensure customers find good
In any given day there are millions of containers, boxes, and cartons placed on ships, trucks, airplanes, and trains moving tons of cargo and goods around the country and to all parts of the world. The shipping industry has an established standard for defining the kinds of trade and the rules regulating how this trade takes place. Under DDP Incoterms these guidelines govern the DDP (Delivery Duty Paid) Incoterm developed by the International Chamber of
There are many reasons to employ a freight broker and their associated agents to handle your cargo transportation and delivery. Their expertise in delivering to areas that the shipper may not be familiar with and their knowledge of acceptable delivery schedules and other compliance measures will provide better communication with the buyers. The freight broker agent works for the freight broker, and both are regulated by the Federal Motor Carrier Safety Administration (FMCSA) to ensure
The number of truck drivers world-wide has been decreasing for the last 15 years. It is estimated that in the next 15 years in the United States, there will have to be 15 million drivers hired for both short-haul and long-haul driving to fill this gap. The problems that this creates for port drayage services which use short-haul drivers is critical to the price of moving goods, and the ability to move cargo in a
In the continental United States, there are over 16,000 freight brokers and freight broker agents who handle the logistics of moving cargo and goods throughout the country. These professionals may be a family working out of their own home, a select brokerage or smaller brokerage who handles the shipping for a particular client, or large brokerages who handle many clients, arrange for shipping worldwide and may have multiple offices in many different locations. Choosing the
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