Tera Logistics

March 4, 2019 - Logistics Parties

Fourth Party Logistics (4PL) Definition

Fourth party logistics also known as lead logistics provider company is quite similar to 3PL. Despite so, it has a wide gap when it comes to managing services to the clients. Common terms about... continue reading

February 4, 2019 - Logistics Parties

Third Party Logistics (3PL) Definition

A third-party logistics company is working with multiple organizations and specialized in performing various jobs from receiving inventory to shipping. Unlike the second party logistics service... continue reading

January 7, 2019 - Logistics Parties

Second Party Logistics (2PL) Definition

Second party logistics (2PL) entity is a type of company that providing an array of modes of transportation for a delivery purpose. If the first party logisticsĀ orĀ 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

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