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Navigating Incoterms: A Guide for Your Logistics Needs

As a logistics company, we understand that international trade can be complex and confusing, especially when it comes to the terms and conditions that govern the delivery of goods. That’s why we want to provide our customers with a comprehensive guide on incoterms, or “International Commercial Terms,” and how they effect the logistics industry.

Incoterms, created by the International Chamber of Comerce (ICC), are a set of standard terms and definitions that clearly define the responsibilities of both the buyer and the seler when it comes to the delivery of goods and the transfer of risk. By understanding and agreeing on the appropriate incoterm for a transaction, confusion and misunderstandings can be avoided.

There are 11 incoterms in total, each with it’s own set of responsibilities and obligations for both parties. Some of the most commonly used incoterms in the logistics industry include:

  • EXW (Ex Works): The seller makes the goods available at their premises. The buyer bears all costs and risks involved in taking the goods from there to the destination. This incoterm is best suited for transactions where the buyer is responsible for the entire logistics process, including transportation, customs clearance, and insurance.
  • FCA (Free Carrier): The seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the place the seller has agreed to. This incoterm is best suited for transactions where the buyer is responsible for the transportation of the goods from the point of delivery.
  • FOB (Free on Board): The seller is responsible for loading the goods onto the shipping vessel, but the buyer is responsible for all costs and risks associated with the transportation of the goods from the point of origin to the final destination. This incoterm is best suited for transactions where the buyer is responsible for the transportation of the goods from the port of shipment.
  • CIF (Cost, Insurance, and Freight): The seller is responsible for the cost of the goods, the freight charges, and the insurance. The buyer is responsible for the cost of unloading the goods at the port of destination. This incoterm is best suited for transactions where the seller is responsible for the cost of the goods and the freight, but the buyer is responsible for customs clearance and unloading.
  • DDP (Delivered Duty Paid): The seller is responsible for the cost of the goods, the freight charges, and the insurance. They are also responsible for the cost of unloading the goods at the port of destination and paying any import duties. This incoterm is best suited for transactions where the seller is responsible for the entire logistics process, including transportation, customs clearance, and insurance.

It’s important to note that Incoterms only define the obligations of the seller and the buyer regarding transport, insurance, and delivery of the goods, but do not cover commercial terms such as price, payment, or warranty.

Recent updates to the incoterms include the removal of the term “Delivered at Frontier” (DAF) and “Delivered Ex Ship” (DES), and the addition of “Delivered at Place Unloaded” (DPU) as replacement for “Delivered Duty Unpaid” (DDU) and “Delivered Ex Quay” (DEQ).

At AMCO Logistics, we have extensive experience working with incoterms and can help guide you through the process of international trade. Our team of experts can assist in determining the appropriate incoterm for your specific needs and ensure compliance with all relevant regulations. We pride ourselves on providing efficient and cost-effective logistics solutions, and our knowledge of incoterms is just one way we can help our customers navigate the complexities of international trade. Contact us today to learn more about how we can assist you with your logistics needs.

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Navigating Ferry Strikes in France: How to Prepare and Stay Informed

Ferry strikes in France can have a major impact on businesses and travellers alike. These strikes, which are often organised by ferry workers’ unions, can cause significant disruptions to transportation schedules and lead to costly delays.

One of the most recent examples of a ferry strike in France was in 2019, when workers at the port of Calais went on strike to protest again job cuts and changes to their working conditions. The strike lasted for several weeks and caused major disruptions to the transportation of goods and passengers across the English Channel.

Ferry strikes can also occur in other parts of France, such as Brittany and Normandy, where ferry services is an important mode of transportation for both tourists and locals.

As a logistics company, we at AMCO Logistics understand the impact that ferry strikes can have on our customers’ operations. That’s why we have a team of experts who can assist with finding alternative transportation solutions in case of a strike.

Our team can help by:
• Developing contingency plans in advanced of strikes
• Identifying alternative shipping routes or modes of transportation
• Monitoring the situation closely and keeping customers informed of any disruptions to ferry services
• Negotiating with ferry operators to minimize disruptions to our customers’ shipments

It is important for businesses that relies on ferry services for the transportation of goods to have contingency plans in place in case of a strike. For travellers, it’s important to stay informed about any planned or potential ferry strikes. This can include checking the websites of ferry companies or the French government’s transportation agency, or following the news for updates. Additionally, following the Twitter pages of major ferry operators such as P&O https://twitter.com/poferriesupdate and DFDS https://twitter.com/dfdsukupdates can also provide valuable information on disruptions and schedule changes.

In conclusion, ferry strikes in France can have a major impact on transportation schedules and logistics. It is important for businesses and travellers to stay informed and have contingency plans in place. As a logistics company, we are here to assist you and ensure your shipments are delivered on time despite ferry strikes.

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Train Manufacturing in Derby: A Proud Legacy and a Thriving Industry

Derby, located in the heart of England, has a long and storied history of train manufacturing that dates back to the 19th century. The city played a pivotal role in the railway revolution and is widely recognised as the birthplace of some of the world’s most iconic trains, such as the Flying Scotsman and the Mallard. These trains are not just symbols of engineering excellence but also hold a special place in the hearts of people all over the world.

Today, train manufacturing continues to thrive in Derby, and the city is home to leading train manufacturers such as Bombardier Transportation and Rolls-Royce Power Engineering. These companies specialise in producing a wide range of modern and efficient trains, including high-speed intercity trains, suburban and urban trains, and more.

The impact of train manufacturing on the local economy has been tremendous, providing employment opportunities and contributing to overall economic growth. The industry has also helped to establish Derby as a hub for innovation and engineering, attracting skilled workers and businesses from around the world.

Despite the challenges facing the train manufacturing industry, such as increased competition and the need for investment in new technology, the future looks bright for train manufacturing in Derby. Companies are continuing to invest in the city and its workforce, ensuring the continued success and growth of the industry. At AMCO Logistics, we are proud to be a part of the train manufacturing ecosystem in Derby. Our company provides essential warehousing and transportation services from our Burton upon Trent depot that support the industry’s success. Whether it’s the storage of raw materials, the delivery of finished trains, or anything in between, AMCO Logistics is dedicated to delivering the highest quality of service and support to the train manufacturing sector.

In addition to providing essential warehousing and transportation services, AMCO Logistics is also committed to contributing to the growth and development of the train manufacturing industry in Derby. Our experienced team works closely with leading train manufacturers to understand their unique requirements and provide customised logistics solutions that meet their needs.

At AMCO Logistics, we are always eager to support the train manufacturing industry and help companies reach their goals. If you are involved in the train manufacturing industry and are looking for a logistics partner, we encourage you to get in touch with us. Our team of experts is available to answer any questions and discuss how we can assist with your project. Whether it’s warehousing and transportation services or custom solutions tailored to your specific needs, AMCO Logistics is here to help. You can reach us at hello@amco.eu.com or by phone at +44 1283 734026.

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New Warehouse in Marchington

AMCO Logistics has announced the opening of a new 17,000 square foot warehouse in Marchington, Staffordshire. The state-of-the-art facility, located in the heart of the UK, will support the storage and distribution of a wide range of cargo, including automotive parts and retail goods.

Equipped with modern security and stock control systems, the new warehouse ensures the safety and integrity of stored cargo. It is also connected to AMCO Logistics’ existing transportation network, allowing for efficient transport to and from the facility.

The new warehouse in Marchington will improve the company’s ability to serve customers in the region, providing a convenient and reliable location for storage and distribution. The facility is expected to be fully operational by the end of the year.

With over 20 years of experience in the logistics industry, AMCO Logistics is a leading provider of transportation and warehousing solutions. The company is committed to providing comprehensive logistics solutions to its customers, helping businesses import, transport, and distribute goods efficiently.

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New Rail Freight Terminal Boosts Business Opportunities in the East Midlands

The East Midlands region is experiencing a boost in business opportunities thanks to the recent opening of a new rail freight terminal at East Midlands Gateway. The terminal, operated by Maritime Intermodal, connects the area to major UK ports and is already providing major companies with improved logistics and transportation options. At full capacity, the terminal is capable of handling up to sixteen 775 meter-long freight trains daily, as well as providing storage for more than 50,000 pallets of cargo.

The new terminal is situated at SEGRO Logistics Park East Midlands Gateway, a 700-acre development that has planning consent for up to six million square feet of warehousing and logistics accommodation. The development is expected to create more than 7,000 jobs and is already home to major companies such as Amazon. In the near future, Nestle, Shop Direct and Games Workshop are also set to start operating from the site.

This new rail freight service is expected to open up a new intermodal market for the industry, increasing productivity and removing truck miles from the Midlands’ major routes. The growth in the rail sector is a testament to the commitment to meeting customer needs.

At AMCO Logistics, we have extensive experience working with intermodal transportation and can help guide your business through the process of taking advantage of this new market. Our team of experts can assist in determining the best logistics solutions for your business and help you navigate the opportunities available at the new rail freight terminal at East Midlands Gateway.