Common Knowledge in International Foreign Trade

Common Knowledge in International Foreign Trade

Classification of Foreign Trade Channels
Express, Air Freight, Air Consolidation, Sea Freight, Sea Consolidation, Less than Container Load (LCL), Full Container Load (FCL)

Common Foreign Trade Terms
FOB: Free on Board (requires payment of local charges)
EXW: Ex Works (factory price)

 

Foreign Trade Calculation Formulas
Express (Volumetric Weight): Length * Width * Height / 5000
Air Consolidation / Sea Consolidation (Volumetric Weight): Length * Width * Height / 6000
Compare actual weight and volumetric weight, take the larger value

Shipping Companies
MSC, MSK, OOCL, PIL, CMA, YML, HPL

Bill of Lading
Sea Bill of Lading and Air Bill of Lading

Sea Bill of Lading Types
Telex Release and Original Bill of Lading

 

 

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  • March 18, 2025