Trade involves the transfer of goods and services from one person to another person with the exchange of money. Economics considers trade as a separate market in the corporate world. In the early years, about the mid-80s trade is the process of direct interchange of products and services from producer to consumer.But now in the modern and global era, this process is expanded and involved a number of peoples in it. Initially, products and services are first delivered to the wholesaler in huge … [Read more...] about What are trade meaning, nature, and different types of trade?
Import-Export
Top 7 Shipping Companies in the World
Since ships can transport larger quantities of cargo and over longer distances than any other mode of transport. That's exactly why it's the preferred or the only feasible transportation in many cases.Owing to this, it contributes a major percentage to the world’s economy. Whether it’s an export-import business that you are a part of or plan on moving across the borders, you’ll need to put some time and effort into researching the world’s best shipping companies.Each one covers different … [Read more...] about Top 7 Shipping Companies in the World
Comprehensive Guide to Calculate the CBM & number of Shipments that will fit in an FCL container
FCL(Full Container Load) containers are used for a type of shipment where the entire container is used by one single importer/exporter for shipping his cargo. Although a logistics company helps a person in calculating how many shipments he can fit in his container, it is important for the exporter as well to understand how these calculations are done so that he can plan his shipping more efficiently.The number of shipments that can be shipped in one FCL container depends upon the capacity of … [Read more...] about Comprehensive Guide to Calculate the CBM & number of Shipments that will fit in an FCL container
5 Benefits of Choosing Professional Sea Freight Services
The value of worldwide seaborne trade has increased over the years. Moreover, Statista reported that the seaborne trade’s capacity of container ships was nearly ten times higher in 2016 compared to when it was back in 1990. The projected global number of containerships is predicted to be about more than 5,500 by the end of December next year.While shipping goods via sea route may take the longest time compared to the other modes of transportation, Sea Freight Services have several key … [Read more...] about 5 Benefits of Choosing Professional Sea Freight Services
Give Your Moving Business the Right Edge with a Freight Factoring Service
Freight invoice factoring is one of the golden buzz words in the shipping industry for managing cash flow effectively. Not only does the service provide your business with the right solutions, but it is one crucial step to getting payment discounts within a short period.Many moving businesses, regardless of their size, find a freight factoring service beneficial because they reap the rewards for having back-office support. These companies primarily function to provide operational backing and … [Read more...] about Give Your Moving Business the Right Edge with a Freight Factoring Service
Things Making Valid Marine Insurance Contract
Marine Insurance is the oldest known type. It is a contract of indemnity in which the underwriter agrees to compensate the insured against specified perils in consideration of a certain premium. Some writers define marine insurance. “It is a contract of indemnity whereby the assure undertakes to indemnify the insured in a manner and to the extent thereby agreed against the loss caused in connection with a marine adventure.” It is primarily concerned with the loss imposed by some maritime perils. … [Read more...] about Things Making Valid Marine Insurance Contract
Import Procedure
The interchange of commodities between two or more persons who extract or produce them and who actually consume directly or indirectly is known as trade. In other words, it includes all those activities which are engaged in transferring title of the goods from the producers to the consumers using any trade or distribution channel.Trade is a very important part of commerce and it also includes those factors which help to remove personal hindrances in exchange of goods. Another important … [Read more...] about Import Procedure
Important Steps in Export Procedure from Pakistan
Like an importer, there are certain conditions that a person must fulfill to become an exporter. The person must be an account holder of nearest branch of any bank he/she likesNo one can export any commodity until and unless he/she is a Pakistani and has a valid export registration with the EPB, along with Registered NTN & STRN under FBR PakistanThe person must process a valid membership certificate of Trade Organization, licensed and recognized by Federal Government like a … [Read more...] about Important Steps in Export Procedure from Pakistan
Factors of Globalization
Globalization comes from the word Global, metrans worldwide, universal or could be said international. So, here we can say globalization is the way where any business and organization extends business internationally.After strengthening the base branch of any business, every businessman tries to go forward and escalate the more branches over the world or some selected regions of the World where he finds his business would run smoothly.Globalization is also a very effective way to … [Read more...] about Factors of Globalization
Types of Letter of Credit
International trade involves numerous factors such as payment for imports in the exporter’s country; shipment of goods within the limitations prescribed and difficulties of enforcing legal rights in the foreign country etc. Therefore, to overcome these hurdles, a system has been enforced; this system is represented by ‘Letter of Credit”.The letter of credit is today the foremost way of financing international trade. In simple words, a letter of credit (L/C) can be defined as: “A … [Read more...] about Types of Letter of Credit
Top 10 Wheat Producing Countries in World – Production Ranks
Wheat Production entirely depends upon geographical conditions of a country as well as environmental. The list of wheat producing countries in the world may be long but in this reading, you will be entertained with a list of the Top 10 countries by production.Top 10 Wheat Producing Countries1: China Wheat ProductionChina ranks first in wheat production in the world. It has achieved a spectacular wheat output in the years following the “Communist Revolution” 1949. It is the only country … [Read more...] about Top 10 Wheat Producing Countries in World – Production Ranks