Tera Logistics

December 3, 2018 - General Information

First Party Logistics (1PL) Definition

First party logistics service provider is an entity that goes with an independent system. It runs its own logistics operation and it is not a secret that a company requires logistics to run a... continue reading

November 5, 2018 - General Information

Incoterms: Delivered Duty Paid

As one of the rule determined by International Chamber of Commerce, DDP stand for Delivered Duty Paid which means seller is responsible for sending the cargo to the placed specified by the buyer and... continue reading

October 8, 2018 - General Information

Incoterms: Delivered at Place

What is the similar thing between Delivered at Terminal or DAT with delivered at place or DAP With DAP, the seller still delivers the goods from the first spot to the next or final, specified... continue reading

September 3, 2018 - General Information

Incoterms: Delivered at Terminal

If you have already read about Carriage Paid To or CPT and Carriage and Insurance Paid To or CIP, perhaps you are familiar with Terminal Handling Charges or THC. This is an additional fee when the... continue reading

August 6, 2018 - General Information

Incoterms: Carriage and Insurance Paid To

At first glance, you might mix this one up with Carriage Paid To or CPT. Obviously, carriage and insurance paid to or CIP is slightly different. Starting from its definition, CIP is another... continue reading

July 9, 2018 - General Information

Incoterms: Carriage Paid To

Although this is also a commercial term like cost insurance and freight or CIF, carriage paid to or CPT has its differences. Starting from the definition, CPT is when the seller does the delivery of... continue reading

June 4, 2018 - General Information

Incoterms: Cost Insurance and Freight

Also known as CIF, it is a term well-known in a trading business. It is when the seller is required to arrange for the goods in carriages by sea to port. The seller also has to provide the buyer the... continue reading

May 7, 2018 - General Information

Incoterms: Cost and Freight

If most of the costs in EX Works are for the buyer, then in cost and freight, it is the complete opposite. This means the seller is considered handing over the goods after the goods have passed the... continue reading

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