You can also reference the Graph below EXW (Ex Works) Seller: Simply makes his goods available at his premises. (He is not responsible for loading the goods or for clearing the goods for export.) Buyer: Assumes the costs and risks of picking up at The Seller’s premises and any transportation. FCA (Free Carrier) Seller: Obligation […]
To recover from congestion, ocean carriers seek double GRI’s On Wednesday, shipping lines in the eastbound pacific announced their intentions to raise ocean freight rates $600 per FEU (forty-foot equivalent unit) on March 9th, and also announced an additional $600 per FEU anticipated on April 9th. 15 of the largest container lines in the trades […]
Over the past few months as congestion and delays grew at West Coast ports, shippers using the West Coast ports began to divert more and more cargo to the East Coast ports in anticipation of a possible port strike and ongoing delays. Many in the industry believe it is likely that a portion of that […]
Verified Gross Mass (VGM) Requirements The international treaty known as the Safety of Life at Sea (SOLAS) affects all shipment by water effective July 1, 2016. SOLAS requires the filing of a Verified Gross Mass or weight (VGM) as a condition of loading your cargo on board the vessel. No VGM on file. No movement […]
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PNG Logistics is a full service Third Party Logistics (3PL) company that has helped hundreds of clients to lower their freight costs and increase shipping efficiencies. Our service is highly personalized and every shipment we handle is managed by an experienced logistics expert with our clients' best interest in mind.
In addition to enhanced service and peace of mind, PNG clients typically enjoy freight cost savings from 10% to 40% compared to their current transportation and shipping costs.
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