Tera Logistics

January 7, 2019 - Logistics Parties

Second Party Logistics (2PL) Definition

Second party logistics entity is a type of company that providing an array of modes of transportation for a delivery purpose. If the first party logistics or 1PL company goes with its... continue reading

December 3, 2018 - Logistics Parties

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 - Incoterms

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 - Incoterms

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 - Incoterms

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 - Incoterms

Incoterms: Carriage and Insurance Paid To

Starting from its definition, carriage and insurance paid to is another commercial term in trading business. It indicates that the seller is in charge of delivering the goods to the destination that... continue reading

July 9, 2018 - Incoterms

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 - Incoterms

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

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