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ICC releases eUCP V2.1 (Uniform Customs and Practice for Documentary Credits)

ICC releases eUCP V2.1 (Uniform Customs and Practice for Documentary Credits)

As many are aware, international trade relies on documentary credit instruments such as letters of credit, which serve as the backbone of transactions. The Uniform Customs and Practice for Documentary Credits (UCP) has been the governing body for letter of credit transactions worldwide for over 85 years under the International Chamber of Commerce. The UCP 600 introduced provisions in transport,…

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All you need to know about Cold Treatment Sterilisation for shipment of fresh produce

All you need to know about Cold Treatment Sterilisation for shipment of fresh produce

Almost all countries around the world import fruit and fresh produce at various stages but fresh produce invariably comes with harmful pests foreign to the importing country potentially putting agricultural activity in that country at risk by their arrival and proliferation.. It may also be the case that the importing country has no effective natural predator of the insects from…

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The world’s biggest cruise ship is almost ready

The world’s biggest cruise ship is almost ready

A vessel that’s set to be the world’s biggest cruise ship has completed construction at a shipyard in Finland and has made its first foray into open water for sea trials ahead of likely delivery in October this year. Royal Caribbean International’s Icon of the Seas is a mammoth 365 meters long (nearly 1,200 feet) and will weigh a projected…

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Ascent, Descent and Crescent in the ocean freight industry – an independent analysis

Ascent, Descent and Crescent in the ocean freight industry – an independent analysis

The tumultuous pace of ocean freight volatility, obscene profits by carriers, post-COVID price surges, inventory bottlenecks, and the drastic shifts toward digital initiatives in the ocean freight industry have been the order of the day since 2020. This analysis takes a look at the turn of events in global freight markets especially in the ocean freight sector and how it…

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Diesel trucks taking up EV slack to meet cargo demand in California

Diesel trucks taking up EV slack to meet cargo demand in California

California’s Advanced Clean Fleets rule does not go into effect for another six months, but it is already having unintended consequences for the drayage industry tasked with moving cargo in and out of the ports of Los Angeles and Long Beach. Speaking at FreightWaves’ Future of Supply Chain even in Cleveland on Thursday, Harbor Trucking Association CEO Matt Schrap said that under…

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Maersk adds Jeddah calls to AE7 and AE12

Maersk adds Jeddah calls to AE7 and AE12

The Saudi Ports Authority (Mawani) announced that Maersk’s AE12 and AE7 shipping services now call at Jeddah Islamic Port. Maersk confirmed that AE7 first called Jeddah on June 8, and AE12 first called Jeddah on June 2, 2023. AE7 has an 18,000 teu capacity with 12 vessels and calls 15 ports: Ningbo-Zhoushan, Shanghai, Nansha, Yantian, Tanjung Pelepas, Colombo, Tangier, Hamburg,…

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