A fuel price above 1000 dollars a tonne in Singapore could have an impact on the cif incoterm
Factors affecting the shipping price of cif incoterm
In the process of international transportation, there are many factors affecting the price of transportation, in addition to some fuel and labor costs, there are many important factors. For example, the nature of the cif incoterm, its own value and packaging form, as well as stowage factor and transporter's requirements for transportation, etc. There will be some fixed costs during the use of the ship, such as the ship's maintenance insurance and fuel consumption. There is also the change of supply and demand in the cif incoterm market. In the transport off-season, transport prices are relatively low, in the transport of the peak season, transport prices will be relatively high.
A fuel price above $1,000 a ton in Singapore could have an impact on the cif incoterm
Prices for very large vessels rose to $1,001 a ton on Wednesday morning in Singapore, the world's largest fuel port, according to fuel oil prices reported by Ship & Bunker. Fuel prices in Singapore rose $20 the previous day as prices rose across the board at top refuelling ports.
Prices at the VLSFO terminal in Fujairah rose to $1,024 a ton on Wednesday morning, having breached the $1,000 a ton level the day before.
The average super-large container terminal price at the world's top 20 fuel terminals rose $24.50 to $987 a ton, according to Ship & Bunker.
Oil prices rose further as US President Joe Biden announced a ban on imports of Russian oil and gas. Russia is the world's third-largest oil producer after the U.S. and Saudi Arabia, and the largest oil exporter on the global market, according to the International Energy Agency.
The gap between HFOS and VLSFOS continued to widen, with the average HFO price at the top 20 fuel ports rising $9.50 to $724 a ton. That means ships fitted with scrubbers could save $263 per ton.
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Factors affecting freight forwarder cif incoterm Freight transportation
In international freight transport, one of the most concerning issues is the price of freight transport. The cost is directly related to the cost of transportation. Because many exporters do not understand the price of transportation very much, and often have a lot of extra spending, then today to understand the factors of the price of international freight transportation?
price of shipping
Transportation price is commonly known as freight, generally refers to the cost generated in the process of freight transportation. Another more important concept in transport price is the transport price index, which is generally used to measure transport price level and dynamics in the international shipping market.
The transportation prices are different for different cif incoterms
In the general international trade process, the price of transport according to different modes of transport, price is also different. International freight rates are divided into sea freight, air freight and rail freight.
The specific cif incoterm freight rate can also be subdivided. For example, rail freight can be divided into passenger freight and freight. Shipping rates are also divided into tramp rates and liner rates. Tramp rates are also affected by market supply and demand relations at that time, while liner transport costs are relatively fixed. Airfreight can be divided into general goods, designated goods and special goods, and the specific transportation price is also determined according to the weight of transportation, at the same time, even if the volume is small, the weight is also counted by weight, but if the opposite is large, small weight, also according to the specific volume to calculate.
The choice of international logistics, the quality of logistics will affect the seller's store score, but also affect customer satisfaction rate.
Logistics advantages of the cif incoterm in the destination country and region
In Eastern Europe, DHL has advantages in Romania, Bulgaria, Moldova, Hungary and other places while EMS has advantages in Greece, Russia, Turkey and other places. Western Europe, Northern Europe, southern Europe can use DHL international express, TNT international express, these two kinds of customs clearance capacity. TNT has a clear advantage in the Netherlands and Belgium.
For Canada, the United States and other American countries, FedEx, UPS and DHL are all suitable for their strong customs clearance capacity and fast time.
Applicable to Asia, South Korea, Japan, Thailand and other Southeast Asian countries DHL, FedEx. DHL and FedEx are time-saving, but THE price of DHL is higher. Indonesia also suggests USING DHL because it has a stronger customs clearance capacity.
In Oceania, DHL and UPS aging fast, with high prices; TNT and FedEx have lower prices but relatively few outlets. Particular attention should be paid to the "Made in China" label on the packaging of Australian products.
Middle East express ARAMEX, EMS for Middle East region. Commercial express in Africa is very expensive. In remote areas, IT is suggested to send EMS international express. EMS countries have the strongest customs clearance capacity. The air express cif incoterm can reach many countries and regions that commercial express and postal express cannot reach, so the wide range of cif incoterm transportation is its advantage.
Contact a professional freight forwarder-
DPFORWORLD-Professional freight forwarder
Freight forwarders with large volumes of business can get large international express at lower discounts; And personal orders directly official, the price will certainly be more expensive. Secondly, the freight forwarders are skilled in business and are very familiar with the channels and market conditions of major international express companies. Know what to send, what to send and how to send. Directly report demand, for you to match the most cost-effective logistics, save worry and money.
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