/ By Luis Gomes / Uncategorized (EN)/ 0 Comments

International Chamber of Commerce Releases Incoterms 2020

Incoterms 2020 has been released! As we mentioned before, the new international commerce terms take effect on January 1, 2020.

Incoterms are fundamental to foreign trade as they provide a set of contract terms for international freight. With this new edition, the ICC – International Chamber of Commerce aims to increase confidence and transparency in business and global trade.

The main purpose of Incoterms is, as it has always been since their first version of 1936, to simplify communication processes, as well as to present international negotiating terms. This new Incoterms aim to be more reachable and easier to use than their previous versions. This includes more detailed explanations, aided and reinforced with graphs illustrating the responsibilities of importers and exporters, for each Incoterms rule. The introduction of Incoterms 2020 includes detailed explanations to help direct you to the most appropriate Incoterm for a given transaction, or how your sales contract will interact with complementary contracts.

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Some of Incoterms 2020 main characteristics are:

  • To provide for demonstrated market need in relation to bills of lading (BL) with an on-board notation and the Free Carrier (FCA) Incoterms rule;
  • To align different levels of insurance coverage in Cost Insurance and Freight (CIF) and Carriage and Insurance Paid to (CIP);
  • To include arrangements for carriage with own means of transport in FCA, Delivered at Place (DAP), Delivered at Place Unloaded (DPU), and Delivered Duty Paid (DDP);
  • There is a change in the three-letter name for Delivered at Terminal (DAT) to DPU;
  • Incoterms 2020 includes security-related requirements within carriage obligations and costs…

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In line with their commitment to develop technology available to everyone, access to the essential information on new Incoterms is available on a Mobile Application launched by ICC, which includes a wide range of informational elements, including breaking news, events and training.

Learn more about Incoterms 2020.

You may acquire new Incoterms 2020, under ICC conditions, HERE.

/ By Luis Gomes / Shipping (EN)/ 0 Comments

Advantages of Sea Shipping

Sea shipping and the movement of goods, is an essential process for the way consumer society is currently organized. At this moment, more than ever, we live in a global world. By way of example: we buy raw materials from India for goods we produce in Portugal, which we then sell to the United States. And this trend is increasing more and more. Consequently choosing the mode of transport is a major step, which may define the success/failure of our projects.

All modes of transport have their specific characteristics, with advantages and disadvantages, which vary according to the need and specificity of each product, customer and/or market(s) in which it operates. Following are some of the advantages of Sea Shipping.

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Key Advantages of Sea Shipping

The specific case of maritime transport has several advantages, ranging from:

  • Suitable for any type of cargo

The size and capacity of today’s ships make them an extremely versatile means of transport. Thus it is virtually possible to transport any type of cargo: chemicals, fuels, perishable and frozen food, sands, cereals, ores, automobiles, among others.

  • Large Volume Handling

The advantages of sea shipping are also present in the transport of large volumes, either in terms of the size of the goods or in the quantity of those.

  • Safety

Sea Shipping follows strict international safety rules and standards, which, combined with the specific conditions of shipping, make it a very safe and viable option.

  • Travel Long Distances

About 70% of the earth’s surface is covered by water from the oceans, which connect cities, countries, continents. This means that sea shipping is widely covered globally, and the most widely used mode of international freight.

  • Lower Unit Costs

With impressive cargo capacities (there are already ships capable of carrying more than 23,000 TEU!) allow shipping costs to be diluted making the unitary price quite competitive.

  • Environmentally More Sustainable

In the environmental ground, transporting large quantities of goods, together with the use of less polluting fuels and more efficient ships, allows the ecological footprint of sea shipping to be diminished compared to other means of transport.

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Sea Shipping has many advantages for those who have the world as their market. If this is the option that best suits your company, contact Green Ibérica and we will be happy to answer all your questions!

/ By Luis Gomes / Green Iberica (EN)/ 0 Comments

Applause to Green Ibérica – Empresa Aplauso 2019

As last year, Green Ibérica was distinguish with the prize Empresa Aplauso 2019.

This prize is given by Millennium BCP bank. It aims to distinguish the economic performance, innovation capacity and financial soundness of Portuguese companies.

To be Empresa Aplauso 2019 allows Green Ibérica to have access to several support services, several benefits in solutions and products, which will allow us to have a better management of our daily strategy. This prize also opens us the perspective to increase investment.

Being among this exclusive group is a great pride for us! Is also a proof of solidity, vision and commitment to invest and to improve.

So, if you want to have as partner in the transportation of your goods, a company recognized as solid and valuable, get in touch with us.