A Free Trade Zone (FTZ) can be described as a specific region within a nation’s borders where merchandise can be brought in, warehoused, handled, and sent out again in accordance with particular customs rules, typically without the imposition of customs tariffs. These regions are frequently situated near significant maritime harbors, global air terminals, and the nation’s boundaries—locations that possess numerous geographical benefits for commerce.Read More
Find easy-to-understand explanations of the most common freight forwarding and shipment terms
DPU (Delivered at Place Unloaded) Incoterm replaces the DAT Incoterm, and it’s used to designate that the seller is responsible for delivering goods to a designated terminal, unloaded. The terminal could be any transportation hub, such as an airport, seaport, or train station.
The buyer assumes responsibility for clearing goods for import and paying all costs related to import duties. In some cases, the buyer may also be responsible for local delivery from the terminal if this was agreed upon before shipment.