Trade News

The top 5 largest shipping countries: NO1. Greece (20%), NO2. China (15%), NO3. Japan (12%), NO4. Germany (8%), NO5. Singapore (5%). ● The largest shipping country: Greece As of 2023, Greek shipowners control about 20% of the world's total merchant ship tonnage.

The richest international logistics company: UPS Headquartered in Atlanta, Georgia, UPS is one of the world's largest package delivery companies. According to UPS's 2023 annual report, the company's operating income reached $97 billion that year.

● Freight: covers a variety of modes such as sea transportation, air transportation, rail transportation and road transportation. ★ Truck transportation: mainly refers to road transportation by truck, which is suitable for regional and urban distribution of medium and short-distance goods.

DHL, UPS, FedEx, Maersk and CMA CGM are the world's leading carriers, each with its own advantages, and can provide efficient and reliable international transportation services for different types of companies.

DAP (Delivered At Place) is a trade term in the Incoterms issued by the International Chamber of Commerce (ICC). According to the DAP terms, the seller is responsible for delivering the goods to the destination designated by the buyer and bears all costs and risks before that.

The logistics service quality report released by the third-party evaluation agencies Statista and Parcel Monitor shows that Amazon Logistics has a relatively high package loss rate, followed by FedEx and UPS. DHL's package loss rate is relatively low.

FCA is a trade term in the International Commercial Terms (Incoterms) issued by the International Chamber of Commerce, which means "free carrier". According to the FCA terms, the seller is responsible for delivering the goods to the carrier designated by the buyer.

Differences in responsibilities and risks: In EXW, the seller has the least responsibility. In FOB, the seller has moderate responsibility. In CIF, the seller has the greatest responsibility, not only responsible for delivery at the port of shipment, but also for freight and insurance etc..

Under the DDP terms, the seller bears all costs and responsibilities until the goods are delivered to the destination specified by the buyer. This includes inland transportation, export customs clearance, international transportation, import customs clearance, payment of tariffs and VAT, etc.

CNF (Cost and Freight): CNF means that the seller is responsible for paying all costs of transporting the goods to the port of destination, but does not include the costs and insurance costs after the goods are unloaded at the port of destination.