by Danya Rielly | Jun 29, 2023 | Glossary
GLOSSARY Project Cargo Project cargo involves the transportation of large, heavy, high-value, or critical pieces of equipment. These items are typically associated with large-scale projects like construction, infrastructure development, or industrial installations....
by Danya Rielly | Jun 9, 2023 | Glossary
GLOSSARY Landed Cost In logistics and supply chain, landed cost refers to the total cost incurred to transport goods from the seller’s location to the buyer’s designated destination. It encompasses not only the cost of the goods themselves but also various...
by Danya Rielly | Jun 8, 2023 | Glossary
GLOSSARY General Rate Increase What is GRI in shipping? A General Rate Increase (GRI) refers to an across-the-board increase in freight rates imposed by shipping lines or carriers. It’s a common practice in the shipping industry to adjust rates periodically to...
by Danya Rielly | Jun 8, 2023 | Glossary
GLOSSARY Customs Duties What are customs duties? Customs duties are taxes imposed by the government on goods that are imported or exported. These duties are usually based on the value, quantity, or weight of the goods and are collected to generate revenue, protect...
by Danya Rielly | Jun 2, 2023 | Glossary
GLOSSARY Schedule B Number The Schedule B number, also known as the Harmonized System (HS) code, is an internationally recognized numerical code used to classify products for import and export purposes. It facilitates the smooth flow of goods across borders by...
by Danya Rielly | Dec 20, 2022 | Glossary
GLOSSARY VMI: Vendor Managed Inventory Vendor Managed Inventory (VMI) is an inventory control system used by manufacturers, wholesalers and retailers that simplifies the supply chain process. It’s designed to move inventory as efficiently and cost effectively as...
