Definition – The total or end cost of a product once it arrives at the buyer’s door. This includes purchase price, logistics and brokerage fees, insurance, duties and taxes, insurance and other costs. Related Terms – Total Landed Costs (TLC)
Definition – A letter of credit is a bank issued document guaranteeing the buyer’s payment of a specified amount in a specified currency to the seller provided the defined conditions are met and the prescribed documents are submitted. Required documents may include...
CSAV Merges with Hapag-Lloyd – Chile’s Cia. Sud Americana de Vapores SA (CSAV) has agreed to sign a merger with Germany’s Hapag-Lloyd AG to combine operations. This merger will form the fourth largest container shipping company in the world. Read more from gCaptain....
Portland and Suzhou Win Sister City Award – Portland, Oregon and Suzhou, China sealed sister city ties in 1988 with the intention of developing a cultural link. The relationship has grown over the years and the two cities are being awarded the 2014 U.S.-China Sister...
Referred to as a “Gateway to Asia,” the Port of Singapore encompasses a collection of facilities and terminals located within the Tanjong Pagar, Keppel, Brani, Pasir Panjang, Sembawang and Jurong districts. Port of Singapore was founded as a free trade zone in 1819...
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