What they mean and how to pick one. Incoterms® were established by the International Chamber of Commerce (ICC) in 1921 and have become a crucial element in global trade, defining the responsibilities of buyers and sellers in international transactions. In this webinar, we’ll provide a high-level overview of Incoterms®, delve into their complexities, and simplify their application in various trade scenarios. You’ll gain a clear understanding of how to use Incoterms® to allocate risks and costs effectively, ensuring smoother international transactions.
East and Gulf Coast Ports Hit by First ILA Strike in Over 40 Years as Contract Expires
East and Gulf Coast Ports Hit by First ILA Strike in Over 40 Years as Contract Expires
October 1, 2024/
The ILA began picket lines early this morning after the contract expired at midnight. The strike impacts 36 ports, all East and Gulf Coast. Currently the US Maritime Association (USMX for some reason) is in negotiations with the International Longshoremen's Association. There hasn't been an ILA (East/Gulf Coast ports) strike since 1977. That has led to some West Coast traffic moving to those ports since West Coast ports are more.
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