TECHNICAL TERMINOLOGY

In the field of logistics, the two terms 𝐒𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐋𝐢𝐧𝐞 and 𝐍𝐕𝐎𝐂𝐂 are often mentioned and sometimes confused. Understanding the nature and role of each party will help businesses make the most optimal choice of shipping partner.

In import-export and logistics activities, Bill of Lading (B/L) is one of the most important transport documents, issued by the carrier or their representative after receiving the goods from the sender. Simply put, a bill of lading is a document confirming the receipt of goods for transport from the port of departure to the port of destination, and is also a legal basis binding between the carrier and the owner of the goods.

In the era of integration and globalization, logistics has become an important link in the global supply chain. However, to operate effectively, businesses need to understand the basic logistics terms. The following article by Vietsun Logistics will help you understand correctly, fully and simply about these specialized concepts.

Incoterms (International Commercial Terms) – The set of international trade rules issued by ICC (International Chamber of Commerce) – is the “common language” in global goods sales contracts. Main purpose: Clearly define the responsibilities, costs and risks between the seller and the buyer during the process....