Twenty-Foot-Equivalent Unit (TEU)
A Twenty-foot Equivalent Unit (TEU) is a standard metric for gauging container volume, measured in terms of 20-foot-long containers. 2 TEU = 1 FEU
Chargeable Weight
Chargeable weight in freight shipping is calculated based on the greater of the shipment’s gross weight or volume, balancing space and weight costs.
Commerce Control List (CCL)
The Commerce Control List (CCL) categorizes dual-use items (commercial and military-use goods) to confirm U.S. export license requirements.
Blank Sailing
Blank sailing is an ocean carrier’s intentional cancellation of a port call or voyage of a fixed rotation due to demand or operational efficiency.
Freight Market Update: July 30, 2023
Ocean freight spot rates trended up on both the China to US west coast and China to US east coast lanes in the last two weeks. Read on to learn more.
Authorized Economic Operator (AEO)
An Authorized Economic Operator (AEO) is an entity in global trade approved by Customs for meeting WCO security standards & granting customs benefits.
E-commerce Giants Make Strategic Moves: Etsy, Walmart, and eBay
Major e-commerce players Etsy, Walmart, and eBay make strategic shifts. Discover how these changes could reshape the future of online retail.
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Export Control Classification Number (ECCN)
An Export Control Classification Number (ECCN) classifies U.S. dual-use exports in the CCL with alpha-numeric codes, identifying licensing requirements.
TikTok Shop Launches ‘Pay Later’ Service in Malaysia, Amplifying E-commerce Penetration
Explore TikTok Shop’s strategic partnership with Atome, set to transform Southeast Asia’s e-commerce landscape.
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Amazon Prime Day 2023 Rakes in Record $12.7 Billion, Surpassing Last Year’s Revenue by 6.4%
Explore Amazon’s record-breaking Prime Day 2023 sales of $12.7B and key consumer trends in ecommerce.
Pre-Prime Day Sales See a Surge in Crocs, AirPods, and Ice Makers
Discover the top-sellers in Amazon’s pre-Prime Day sales, including Crocs, AirPods, and ice makers. Uncover 2023’s shopping trends and predictions.
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Freight Market Update: July 15, 2023
Ocean freight spot rates from China to the US increased. Read on to know more about the latest freight market update.
Top 10 Trending Products To Sell Online
If you’re planning an entry into digital sales or want to expand online sales catalog, we’ve curated a list of the top trending products to sell.
Delivered Duty Paid (DDP)
Delivered Duty Paid (DDP) is an incoterm that outlines the seller’s obligation to cover all delivery costs, including import duties and customs taxes.
A Guide to Chovm.com Logistics Marketplace Port-To-Port Service
Chovm.com Logistics Marketplace provides Port-to-Port service that is a great solution for transporting goods in large volumes. Check out what PTP shipping is and how it works!
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