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Incoterms 2020 is the ninth set of international contract terms published by the International Chamber of Commerce, with the first set having been published in 1936. Incoterms 2020 defines 11 rules, the same number as defined by Incoterms 2010. [6] One rule of the 2010 version ("Delivered at Terminal"; DAT) [7] was removed, and is replaced by a ...
A.P. Møller – Mærsk A/S (Danish: [ˈɛˀ ˈpʰe̝ˀ ˈmølɐ ˈmɛɐ̯sk]), usually known simply as Maersk (English: / mɛərsk / MAIRSK), [3] is a Danish shipping and logistics company founded in 1904 by Arnold Peter Møller and his father Peter Mærsk Møller. Maersk's business activities include shipping, port operation, supply chain ...
MOL (Mitsui O.S.K. Lines) was launched in 1964, following the merger of Osaka Shosen Kaisha (OSK) (大阪商船株式会社, Osaka Shōsen Kabushiki-gaisha) created in 1878, and Mitsui Steamship Co., Ltd. founded in 1942, formerly known as Mitsui Line, under the Law Concerning the Reconstruction and Reorganization of the Shipping Industry.
Pre-shipment inspection. Pre-shipment inspection (also preshipment inspection or PSI) is a part of supply chain management and an important quality control method for checking the quality of goods clients buy from suppliers. PSI helps ensure that production complies with the governing specification, contract, or purchase order.
FOB (shipping) FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or ...
t. e. IMDG Code or International Maritime Dangerous Goods Code is accepted by MSC (Maritime Safety Committee) as an international guideline to the safe transportation or shipment of dangerous goods or hazardous materials by water on vessel. IMDG Code is intended to protect crew members and to prevent marine pollution in the safe transportation ...
The CMR Convention (full title Convention on the Contract for the International Carriage of Goods by Road; in French Convention relative au contrat de transport international de marchandises par route) is a United Nations convention that was signed in Geneva on 19 May 1956. It relates to various legal issues concerning transportation of cargo ...
Website. hapag-lloyd.com. Hapag-Lloyd AG is a German international shipping and container transportation company, the 4th biggest in the world. [ 3 ] It was formed in 1970 through a merger of Hamburg-American Line (HAPAG) and Norddeutscher Lloyd. [ 4 ] Hapag-Lloyd 40ft container.