Month: January 2022

About procurement: Freight Prepaid related incoterm based on ICC amend. 2020.

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Abstract “Freight Collect” & “Freight Prepaid” are two shipping terms, which show whether a consignee has the primary liability to the carrier for the shipping charges in a procurement process. EXW, FCA,  FOB, FAS, etc Incoterm used for “Freight Collect” shipment. Now, we would like to discuss Incoterm which can be used for different  “Freight Prepaid” shipments based on Incoterm of Sept 2019 published by ICC, also called 2020 amendment of incoterm. Keywords: International Procurement, Freight Prepaid, Freight collect, Incoterm, ICC, Amendment 2020. Article Introduction Transportation is one of the Drivers of…

A discussion about International export and outbound logistics of goods

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In the export trade, goods and services are sold and shipped out of the jurisdiction of the country and customs authorities. While export to developed countries, Bangladesh gets some tariff facilities. It is nothing but helping the developing countries in export trade and industrialization, on the other hand, they regulate some products to enter their country at a lower price. Currently, Bangladesh is enjoying tariff-free market access for 90 per cent to 100 per cent products in all the developed countries except the United States. Tariff-free and low-tariff market access facilities in the developed and some developing countries immensely benefited Bangladesh. Bangladesh High Commissioner to Ottawa wrote that quality of Bangladesh’s apparel products as well as efficient supply-chain mechanism has largely contributed to doubling bilateral trade in a decade.

Understanding the “Reverse Logistics” concept and implications in Supply Chain Management

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Returns avoidance, gate keeping, disposal and other supply chain issues are related with reverse logistics. The product may need to travel in reverse through the entire supply chain network to retain use of any service from the defective goods. There are closed loop supply chain networks that include returns processing and manufacturer has the intention to capture additional value and integrate all supply chain activities. Usually, asset based three 3PLs work as third party who are specialized in waste management and related activities. Reuse of manufactured and sold goods After sales service and returns management are sometimes related to the logistic companies.