TEU, short for Twenty-foot Equivalent Unit, is the international standard unit of measurement equivalent to a 20-foot container. Meanwhile, FEU (Forty-foot Equivalent Unit) is also used to denote a 40-foot container. These are fundamental measurements commonly used in the shipping industry to calculate the capacity of ships, warehouses, handling equipment, and even the volume of goods handled through ports.
Incoterms group E are the simplest terms for the seller. Accordingly, the seller only needs to deliver the goods to the buyer at his location (usually a warehouse or factory). The buyer is fully responsible for transporting the goods from the point of delivery to the final destination. This means that the seller will not bear any shipping or insurance costs.
ICD and Depot – two terms used daily in the logistics industry, have certain similarities and differences. Let’s distinguish these two concepts with Vietsun Logistics.
On the Bill of Lading, why is the "Consignee" item sometimes not "Buyer"? This is one of the basic but extremely important business points, often confusing for those new to import and export. Misunderstanding or misrepresenting this information can lead to great risks in receiving goods and payment. Let's distinguish these two concepts on import and export documents with Vietsun Logistics.
Just a small mistake when booking with a shipping line can cause a business to lose tens of millions of dong due to delayed shipments, additional fees or loss of reputation with customers. Vietsun has compiled a set of questions when booking with a shipping line to help you minimize errors....
In the field of logistics and transportation, understanding specialized terms is an important factor for accurate coordination between customers, shipping lines, carriers and partners in the supply chain. At Vietsun Corporation – Vietsun Shipping Company, we have built a “Specialized Terms” section to help customers and partners easily look up, update and correctly use core concepts in domestic transportation, Vietsun road transportation and container transportation services.