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CIF requires the seller to insure the goods for 110% of the contract value under Institute Cargo Clauses (A) of the Institute of London Underwriters (which is a change from Incoterms 2010 where the minimum was Institute Cargo Clauses (C)), or any similar set of clauses, unless specifically agreed by both parties.
Modern freight forwarders offer an end-to-end process i.e. shipping the goods from the place of origin to the final destination and may offer additional services such as warehouse planning, cargo insurance and customs brokerage. [8] In a single transaction, the forwarder may be acting as a carrier (principal) or as an agent for his customer or ...
The Cikarang Dry Port in West Java, Indonesia. A dry port (sometimes referred to as an inland port) is an inland intermodal terminal directly connected by road or rail to a seaport, operating as a centre for the transshipment of sea cargo to inland destinations.
Two duck hunters scouting a wooded area in rural North Carolina ended up finding human remains, authorities said Tuesday, in the latest grim discovery made by hunters in recent months.
The Dutch word "lading" has exactly the same meaning (freight, cargo, an amount of transportable goods) as it has in the English "bill of lading", but is not restricted to shipping. [ 17 ] Under English law, the Carriage of Goods by Sea Act 1992 provides that the term "bill of lading" includes a "received-for-shipment" bill of lading issued by ...
Global freight volumes according to mode of transport in trillions of tonne-kilometres in 2010. In 2015, 108 trillion tonne-kilometers were transported worldwide (anticipated to grow by 3.4% per year until 2050 (128 Trillion in 2020)): 70% by sea, 18% by road, 9% by rail, 2% by inland waterways and less than 0.25% by air.
The present day infrastructure of Jinnah International Complex is a result of an expansion programme carried out in 1994. Today, the new Jinnah Terminal handles both domestic and international flights, whereas Terminal 2 is now dedicated to Hajj operations. Terminal 1 (the original airport) is now the HQ of Pakistan's Civil Aviation Authority ...
Arabic in origin, the word has been borrowed by Persian and Hindi-Urdu. [4] [5] It has also been rendered as mazaar in English. [6] Darīh, plural aḍriḥa (أضرحة) or ḍarāiḥ (ضرائح), is related to the verb ḍaraḥa (ضَرَحَ meaning "to inter"). [7] It is commonly used in the Maghreb.